Segment Information (Tables)

9 Months Ended

Feb. 23, 2025

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 February 23, 2025
Sales	$	1,330.3	$	768.1	$	385.3	$	674.3	$	—	$	3,158.0
Restaurant and marketing expenses	1,023.7		618.8		299.2		570.3		(20.9)		2,491.1
Segment profit	$	306.6	$	149.3	$	86.1	$	104.0	$	20.9	$	666.9

Depreciation and amortization	$	46.8	$	21.3	$	17.6	$	32.1	$	14.1	$	131.9
Impairments and disposal of assets, net	—		—		—		—		0.1		0.1


(in millions)	Olive Garden		LongHorn Steakhouse		Fine Dining		Other Business1		Corporate		Consolidated
For the nine months ended February 23, 2025
Sales	$	3,831.9	$	2,191.7	$	970.2	$	1,811.2	$	—	$	8,805.0
Restaurant and marketing expenses	2,999.2		1,780.6		793.8		1,544.3		(61.8)		7,056.1
Segment profit	$	832.7	$	411.1	$	176.4	$	266.9	$	61.8	$	1,748.9

Depreciation and amortization	$	138.4	$	62.2	$	51.8	$	87.1	$	41.6	$	381.1
Impairments and disposal of assets, net	—		—		—		—		1.1		1.1
Purchases of land, buildings and equipment	187.4		109.2		73.3		102.7		—		472.6

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 February 25, 2024
Sales	$	1,310.2	$	730.7	$	372.9	$	561.0	—		$	2,974.8
Restaurant and marketing expenses	1,015.5		594.1		291.5		477.3		(17.5)		2,360.9
Segment profit	$	294.7	$	136.6	$	81.4	$	83.7	17.5		$	613.9

Depreciation and amortization	$	43.2	$	19.5	$	16.9	$	26.2	$	12.1	$	117.9
Impairments and disposal of assets, net	—		—		—		—		0.4		0.4



(in millions)	Olive Garden		LongHorn Steakhouse		Fine Dining2		Other Business		Corporate		Consolidated
For the nine months ended February 25, 2024
Sales	$	3,789.5	$	2,043.5	$	964.4	$	1,635.3	$	—	$	8,432.7
Restaurant and marketing expenses	2,970.0		1,677.7		786.7		1,400.8		(48.8)		6,786.4
Segment profit	$	819.5	$	365.8	$	177.7	$	234.5	$	48.8	$	1,646.3

Depreciation and amortization	$	123.2	$	56.0	$	49.1	$	76.7	$	35.2	$	340.2
Impairments and disposal of assets, net	0.2		0.1		—		—		10.7		11.0
Purchases of land, buildings and equipment	198.6		102.7		80.9		73.2		5.4		460.8

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				Nine Months Ended
(in millions)	February 23, 2025		February 25, 2024		February 23, 2025		February 25, 2024
Segment profit	$	666.9	$	613.9	$	1,748.9	$	1,646.3
Less general and administrative expenses	(116.7)		(108.2)		(387.2)		(376.3)
Less depreciation and amortization	(131.9)		(117.9)		(381.1)		(340.2)
Less impairments and disposal of assets, net	(0.1)		(0.4)		(1.1)		(11.0)
Less interest, net	(45.5)		(36.5)		(128.8)		(103.3)

Earnings before income taxes	$	372.7	$	350.9	$	850.7	$	815.5