Segment Information (Tables)

3 Months Ended

Aug. 25, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following tables reconcile our segment results to our consolidated results reported in accordance with GAAP.

(in millions)	Olive Garden		LongHorn Steakhouse		Fine Dining		Other Business		Corporate		Consolidated
For the three months ended August 25, 2024
Sales	$	1,209.1	$	713.5	$	278.9	$	555.5	$	—	$	2,757.0
Restaurant and marketing expenses	960.1		585.9		241.3		471.8		(20.2)		2,238.9
Segment profit	$	249.0	$	127.6	$	37.6	$	83.7	$	20.2	$	518.1
Depreciation and amortization	$	45.3	$	20.3	$	16.8	$	25.7	$	13.4	$	121.5
Impairments and disposal of assets, net	—		—		—		—		1.0		1.0
Purchases of land, buildings and equipment	55.7		36.0		26.6		27.0		(0.1)		145.2
(in millions)	Olive Garden		LongHorn Steakhouse		Fine Dining1		Other Business		Corporate		Consolidated
For the three months ended August 27, 2023
Sales	$	1,227.9	$	669.8	$	273.5	$	559.4	$	—	$	2,730.6
Restaurant and marketing expenses	965.6		552.4		233.8		475.1		(15.4)		2,211.5
Segment profit	$	262.3	$	117.4	$	39.7	$	84.3	$	15.4	$	519.1
Depreciation and amortization	$	39.6	$	18.2	$	15.6	$	25.1	$	11.3	$	109.8
Impairments and disposal of assets, net	0.2		—		—		—		2.9		3.1
Purchases of land, buildings and equipment	65.8		34.5		23.5		26.6		0.5		150.9

1 Includes Ruth’s Chris results from the date of acquisition (June 14, 2023) forward.

Schedule of Reconciliation of Operating Profit (Loss) from Segments to Consolidated

A reconciliation of segment profit to earnings from continuing operations before income taxes is below.

	Three Months Ended
(in millions)	August 25, 2024		August 27, 2023
Segment profit	$	518.1	$	519.1
Less general and administrative expenses	(126.4)		(153.3)
Less depreciation and amortization	(121.5)		(109.8)
Less impairments and disposal of assets, net	(1.0)		(3.1)
Less interest, net	(37.1)		(29.7)
Earnings before income taxes	$	232.1	$	223.2