Segment Information (Tables)

6 Months Ended

Nov. 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 Business		Corporate		Consolidated
For the three months ended November 23, 2025
Sales	$	1,362.7	$	775.9	$	316.2	$	647.3	$	—	$	3,102.1
Food and beverage	328.7		337.6		104.9		192.5		—		963.7
Restaurant labor	476.4		203.7		93.5		226.5		—		1,000.1
Restaurant expenses	224.1		105.3		68.8		134.5		(24.4)		508.3
Marketing	36.2		3.3		2.1		7.1		—		48.7
Segment profit	$	297.3	$	126.0	$	46.9	$	86.7	$	24.4	$	581.3
Depreciation and amortization	$	49.4	$	23.4	$	17.7	$	31.4	$	16.0	$	137.9
Impairments and (gain) loss on disposal of assets, net	—		—		—		(2.9)		—		(2.9)
Pre-opening costs	1.9		2.0		0.3		2.7		1.2		8.1


(in millions)	Olive Garden1		LongHorn Steakhouse		Fine Dining		Other Business		Corporate		Consolidated
For the six months ended November 23, 2025
Sales	$	2,663.8	$	1,552.3	$	602.7	$	1,328.0	$	—	$	6,146.8
Food and beverage	638.6		666.2		197.4		390.6		—		1,892.8
Restaurant labor	940.5		408.0		182.0		457.6		—		1,988.1
Restaurant expenses	446.8		210.6		133.4		269.9		(48.2)		1,012.5
Marketing	73.0		6.6		4.3		13.9		—		97.8
Segment profit	$	564.9	$	260.9	$	85.6	$	196.0	$	48.2	$	1,155.6
Depreciation and amortization	$	97.7	$	46.1	$	35.0	$	62.7	$	31.5	$	273.0
Impairments and (gain) loss on disposal of assets, net	(42.0)		—		—		(2.9)		—		(44.9)
Pre-opening costs	3.4		3.1		1.6		3.7		2.2		14.0
Purchases of land, buildings and equipment	138.4		102.5		50.3		83.8		—		375.0


(in millions)	Olive Garden1		LongHorn Steakhouse		Fine Dining		Other Business		Corporate		Consolidated
For the three months ended November 24, 2024
Sales	$	1,292.5	$	710.1	$	306.0	$	581.4	$	—	$	2,890.0
Food and beverage	315.2		289.0		96.2		172.4		—		872.8
Restaurant labor	452.7		185.8		87.4		200.9		—		926.8
Restaurant expenses	208.7		97.8		66.4		120.7		(21.4)		472.2
Marketing	38.1		2.4		2.1		6.2		—		48.8
Segment profit	$	277.8	$	135.1	$	53.9	$	81.2	$	21.4	$	569.4
Depreciation and amortization	$	46.3	$	20.6	$	17.4	$	29.3	$	14.1	$	127.7
Impairments and (gain) loss on disposal of assets, net	—		—		—		—		—		$	—
Pre-opening costs	0.7		0.9		1.2		2.0		0.7		5.5



(in millions)	Olive Garden1		LongHorn Steakhouse		Fine Dining		Other Business		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
Food and beverage	606.8		587.2		186.7		338.8		—		1,719.5
Restaurant labor	882.2		371.4		171.6		390.9		—		1,816.1
Restaurant expenses	412.1		195.8		129.5		230.9		(42.4)		925.9
Marketing	72.5		5.8		4.3		10.9		—		93.5
Segment profit	$	528.0	$	263.4	$	92.8	$	165.4	$	42.4	$	1,092.0
Depreciation and amortization	$	91.6	$	40.9	$	34.2	$	55.0	$	27.5	$	249.2
Impairments and (gain) loss on disposal of assets, net	—		—		—		—		1.0		1.0
Pre-opening costs	1.9		1.6		2.5		2.5		1.5		10.0
Purchases of land, buildings and equipment	123.5		77.3		50.8		62.9		—		314.5

1 Segment results include sales from the eight Olive Garden Canada locations sold on July 14, 2025.

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


	Three Months Ended				Six Months Ended
(in millions)	November 23, 2025		November 24, 2024		November 23, 2025		November 24, 2024
Segment profit	$	581.3	$	569.4	$	1,155.6	$	1,092.0
Less pre-opening costs	(8.1)		(5.5)		(14.0)		(10.0)
Less general and administrative expenses	(117.8)		(144.1)		(253.9)		(270.5)
Less depreciation and amortization	(137.9)		(127.7)		(273.0)		(249.2)
Less impairments and gain (loss) on disposal of assets, net	2.9		—		44.9		(1.0)
Less interest, net	(48.0)		(46.2)		(93.4)		(83.3)

Earnings before income taxes	$	272.4	$	245.9	$	566.2	$	478.0