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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
May 26, 2024
May 28, 2023
May 29, 2022
Sales $ 11,390.0 $ 10,487.8 $ 9,630.0
Costs and expenses:      
Restaurant labor 3,619.3 3,346.3 3,108.8
Marketing expenses 144.5 118.3 93.2
General and administrative expenses 479.2 386.1 373.2
Depreciation and amortization 459.9 387.8 368.4
Impairments and disposal of assets, net 12.4 (10.6) (2.0)
Total operating costs and expenses 10,075.8 9,286.0 8,467.8
Operating income 1,314.2 1,201.8 1,162.2
Interest, net 138.7 81.3 68.7
Earnings before income taxes 1,175.5 1,120.5 1,093.5
Income tax expense 145.0 137.0 138.8
Earnings from continuing operations 1,030.5 983.5 954.7
Losses from discontinued operations, net of tax benefit of $1.7, $0.8 and $0.2, respectively (2.9) (1.6) (1.9)
Net earnings $ 1,027.6 $ 981.9 $ 952.8
Basic net earnings per share:      
Earnings from continuing operations (in dollars per share) $ 8.59 $ 8.07 $ 7.47
Losses from discontinued operations (in dollars per share) (0.02) (0.01) (0.01)
Net earnings (in dollars per share) 8.57 8.06 7.46
Diluted net earnings per share:      
Earnings from continuing operations (in dollars per share) 8.53 8.00 7.40
Losses from discontinued operations (in dollars per share) (0.02) (0.01) (0.01)
Net earnings (in dollars per share) $ 8.51 $ 7.99 $ 7.39
Average number of common shares outstanding:      
Basic (in shares) 119.9 121.9 127.8
Diluted (in shares) 120.8 122.9 129.0
Food and beverage      
Costs and expenses:      
Food and beverage costs and restaurant expenses $ 3,523.9 $ 3,355.9 $ 2,943.6
Restaurant expenses      
Costs and expenses:      
Food and beverage costs and restaurant expenses $ 1,836.6 $ 1,702.2 $ 1,582.6