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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
May 29, 2022
May 30, 2021
May 31, 2020
Sales $ 9,630.0 $ 7,196.1 $ 7,806.9
Costs and expenses:      
Restaurant labor 3,108.8 2,286.3 2,682.6
Marketing expenses 93.2 91.1 238.0
General and administrative expenses 373.2 396.2 376.4
Depreciation and amortization 368.4 350.9 355.9
Impairments and disposal of assets, net (2.0) 6.6 221.0
Goodwill impairment 0.0 0.0 169.2
Total operating costs and expenses 8,467.8 6,547.4 7,759.0
Operating income 1,162.2 648.7 47.9
Interest, net 68.7 63.5 57.3
Other (income) expense, net 0.0 8.7 151.6
Earnings (loss) before income taxes 1,093.5 576.5 (161.0)
Income tax expense (benefit) 138.8 (55.9) (111.8)
Earnings (loss) from continuing operations 954.7 632.4 (49.2)
Losses from discontinued operations, net of tax benefit of $0.2, $3.2 and $0.9, respectively (1.9) (3.1) (3.2)
Net earnings (loss) $ 952.8 $ 629.3 $ (52.4)
Basic net earnings per share:      
Earnings (loss) from continuing operations (in dollars per share) $ 7.47 $ 4.85 $ (0.40)
Losses from discontinued operations (in dollars per share) (0.01) (0.02) (0.03)
Net earnings (loss) (in dollars per share) 7.46 4.83 (0.43)
Diluted net earnings per share:      
Earnings (loss) from continuing operations (in dollars per share) 7.40 4.80 (0.40)
Losses from discontinued operations (in dollars per share) (0.01) (0.03) (0.03)
Net earnings (loss) (in dollars per share) $ 7.39 $ 4.77 $ (0.43)
Average number of common shares outstanding:      
Basic (in shares) 127.8 130.4 122.7
Diluted (in shares) 129.0 131.8 122.7
Food and beverage      
Costs and expenses:      
Food and beverage costs and restaurant expenses $ 2,943.6 $ 2,072.1 $ 2,240.8
Restaurant expenses      
Costs and expenses:      
Food and beverage costs and restaurant expenses $ 1,582.6 $ 1,344.2 $ 1,475.1