XML 24 R3.htm IDEA: XBRL DOCUMENT v3.25.2
CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
May 25, 2025
May 26, 2024
May 28, 2023
Sales $ 12,076.7 $ 11,390.0 $ 10,487.8
Costs and expenses:      
Restaurant labor 3,833.1 3,619.3 3,346.3
Marketing expenses 169.9 144.5 118.3
Pre-opening costs 24.8 24.3 25.9
General and administrative expenses 520.3 479.2 386.1
Depreciation and amortization 516.1 459.9 387.8
Impairments and disposal of assets, net 49.2 12.4 (10.6)
Total operating costs and expenses 10,714.4 10,075.8 9,286.0
Operating income 1,362.3 1,314.2 1,201.8
Interest, net 175.1 138.7 81.3
Earnings before income taxes 1,187.2 1,175.5 1,120.5
Income tax expense 136.2 145.0 137.0
Earnings from continuing operations 1,051.0 1,030.5 983.5
Losses from discontinued operations, net of tax benefit of $0.8, $1.7 and $0.8, respectively (1.4) (2.9) (1.6)
Net earnings $ 1,049.6 $ 1,027.6 $ 981.9
Basic net earnings per share:      
Earnings from continuing operations (in dollars per share) $ 8.94 $ 8.59 $ 8.07
Losses from discontinued operations (in dollars per share) (0.01) (0.02) (0.01)
Net earnings (in dollars per share) 8.93 8.57 8.06
Diluted net earnings per share:      
Earnings from continuing operations (in dollars per share) 8.88 8.53 8.00
Losses from discontinued operations (in dollars per share) (0.02) (0.02) (0.01)
Net earnings (in dollars per share) $ 8.86 $ 8.51 $ 7.99
Average number of common shares outstanding:      
Basic (in shares) 117.5 119.9 121.9
Diluted (in shares) 118.4 120.8 122.9
Food and beverage      
Costs and expenses:      
Food and beverage costs and restaurant expenses $ 3,657.0 $ 3,523.9 $ 3,355.9
Restaurant expenses      
Costs and expenses:      
Food and beverage costs and restaurant expenses $ 1,944.0 $ 1,812.3 $ 1,676.3