Segment Information (Tables)

6 Months Ended

Nov. 24, 2024

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 Business1		Corporate		Consolidated
For the three months ended November 24, 2024
Sales	$	1,292.5	$	710.1	$	306.0	$	581.4	$	—	$	2,890.0
Restaurant and marketing expenses	1,015.4		575.9		253.3		502.2		(20.7)		2,326.1
Segment profit	$	277.1	$	134.2	$	52.7	$	79.2	$	20.7	$	563.9

Depreciation and amortization	$	46.3	$	20.6	$	17.4	$	29.3	$	14.1	$	127.7
Impairments and disposal of assets, net	—		—		—		—		—		—


(in millions)	Olive Garden		LongHorn Steakhouse		Fine Dining		Other Business1		Corporate		Consolidated
For the six months ended November 24, 2024
Sales	$	2,501.6	$	1,423.6	$	584.9	$	1,136.9	$	—	$	5,647.0
Restaurant and marketing expenses	1,975.5		1,161.8		494.6		974.0		(40.9)		4,565.0
Segment profit	$	526.1	$	261.8	$	90.3	$	162.9	$	40.9	$	1,082.0

Depreciation and amortization	$	91.6	$	40.9	$	34.2	$	55.0	$	27.5	$	249.2
Impairments and disposal of assets, net	—		—		—		—		1.0		1.0
Purchases of land, buildings and equipment	123.5		77.3		50.8		62.9		—		314.5

1 Includes Chuy’s results from the date of acquisition (October 11, 2024) forward.


(in millions)	Olive Garden		LongHorn Steakhouse		Fine Dining2		Other Business		Corporate		Consolidated
For the three months ended November 26, 2023
Sales	$	1,251.4	$	643.0	$	318.0	$	514.9	—		$	2,727.3
Restaurant and marketing expenses	988.9		531.2		261.4		448.4		(15.9)		2,214.0
Segment profit	$	262.5	$	111.8	$	56.6	$	66.5	15.9		$	513.3

Depreciation and amortization	$	40.5	$	18.3	$	16.6	$	25.4	$	11.7	$	112.5
Impairments and disposal of assets, net	—		0.1		—		—		7.4		7.5



(in millions)	Olive Garden		LongHorn Steakhouse		Fine Dining2		Other Business		Corporate		Consolidated
For the six months ended November 26, 2023
Sales	$	2,479.3	$	1,312.8	$	591.5	$	1,074.3	$	—	$	5,457.9
Restaurant and marketing expenses	1,954.5		1,083.6		495.2		923.5		(31.3)		4,425.5
Segment profit	$	524.8	$	229.2	$	96.3	$	150.8	$	31.3	$	1,032.4

Depreciation and amortization	$	80.1	$	36.5	$	32.2	$	50.5	$	23.0	$	222.3
Impairments and disposal of assets, net	0.2		0.1		—		—		10.3		10.6
Purchases of land, buildings and equipment	135.6		69.9		52.0		52.3		2.6		312.4

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

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


	Three Months Ended				Six Months Ended
(in millions)	November 24, 2024		November 26, 2023		November 24, 2024		November 26, 2023
Segment profit	$	563.9	$	513.3	$	1,082.0	$	1,032.4
Less general and administrative expenses	(144.1)		(114.8)		(270.5)		(268.1)
Less depreciation and amortization	(127.7)		(112.5)		(249.2)		(222.3)
Less impairments and disposal of assets, net	—		(7.5)		(1.0)		(10.6)
Less interest, net	(46.2)		(37.1)		(83.3)		(66.8)

Earnings before income taxes	$	245.9	$	241.4	$	478.0	$	464.6