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v3.25.2

Segment Information (Tables) | 3 Months Ended
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Aug. 24, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following tables reconcile our segment results to our consolidated results reported in accordance with GAAP.
(in millions) |  | Olive Garden 1 |  | LongHorn Steakhouse |  | Fine Dining |  | Other Business |  | Corporate |  | Consolidated
For the three months ended August 24, 2025 |
Sales |  | $ | 1,301.1 |  |  | $ | 776.4 |  |  | $ | 286.5 |  |  | $ | 680.7 |  |  | $ | — |  |  | $ | 3,044.7 |
Food and beverage |  | 309.9 |  |  | 328.6 |  |  | 92.5 |  |  | 198.1 |  |  | — |  |  | $ | 929.1 |
Restaurant labor |  | 464.1 |  |  | 204.3 |  |  | 88.5 |  |  | 231.1 |  |  | — |  |  | $ | 988.0 |
Restaurant expenses |  | 222.7 |  |  | 105.3 |  |  | 64.6 |  |  | 135.4 |  |  | (23.8) |  |  | $ | 504.2 |
Marketing |  | 36.8 |  |  | 3.3 |  |  | 2.2 |  |  | 6.8 |  |  | — |  |  | 49.1 |
Segment profit |  | $ | 267.6 |  |  | $ | 134.9 |  |  | $ | 38.7 |  |  | $ | 109.3 |  |  | $ | 23.8 |  |  | $ | 574.3 |
Depreciation and amortization |  | $ | 48.3 |  |  | $ | 22.7 |  |  | $ | 17.3 |  |  | $ | 31.3 |  |  | $ | 15.5 |  |  | $ | 135.1 |
Impairments and (gain) loss on disposal of assets, net |  | (42.0) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (42.0) |
Pre-opening costs |  | 1.5 |  |  | 1.1 |  |  | 1.3 |  |  | 1.0 |  |  | 1.0 |  |  | 5.9 |
Purchases of land, buildings and equipment |  | 63.2 |  |  | 48.9 |  |  | 22.0 |  |  | 39.5 |  |  | 0.5 |  |  | 174.1 |
(in millions) |  | Olive Garden 1 |  | LongHorn Steakhouse |  | Fine Dining |  | Other Business |  | Corporate |  | Consolidated
For the three months ended August 25, 2024 |
Sales |  | $ | 1,209.1 |  |  | $ | 713.5 |  |  | $ | 278.9 |  |  | $ | 555.5 |  |  | $ | — |  |  | $ | 2,757.0 |
Food and beverage |  | 291.5 |  |  | 298.2 |  |  | 90.5 |  |  | 166.5 |  |  | — |  |  | 846.7 |
Restaurant labor |  | 429.6 |  |  | 185.6 |  |  | 84.2 |  |  | 189.9 |  |  | — |  |  | 889.3 |
Restaurant expenses |  | 203.4 |  |  | 97.9 |  |  | 63.2 |  |  | 110.1 |  |  | (20.9) |  |  | 453.7 |
Marketing |  | 34.5 |  |  | 3.4 |  |  | 2.1 |  |  | 4.7 |  |  | — |  |  | 44.7 |
Segment profit |  | $ | 250.1 |  |  | $ | 128.4 |  |  | $ | 38.9 |  |  | $ | 84.3 |  |  | $ | 20.9 |  |  | $ | 522.6 |
Depreciation and amortization |  | $ | 45.3 |  |  | $ | 20.3 |  |  | $ | 16.8 |  |  | $ | 25.7 |  |  | $ | 13.4 |  |  | $ | 121.5 |
Impairments and (gain) loss on disposal of assets, net |  | — |  |  | — |  |  | — |  |  | — |  |  | 1.0 |  |  | 1.0 |
Pre-opening costs |  | 1.1 |  |  | 0.8 |  |  | 1.3 |  |  | 0.6 |  |  | 0.7 |  |  | 4.5 |
Purchases of land, buildings and equipment |  | 55.7 |  |  | 36.0 |  |  | 26.6 |  |  | 27.0 |  |  | (0.1) |  |  | 145.2 |
1 Segment results include sales from the eight Olive Garden Canada locations sold on July 14, 2025.
(in millions) |  | August 24, 2025 |  | May 25, 2025
Segment Assets |  |  |  |
Olive Garden |  | $ | 2,930.3 |  |  | $ | 2,880.5 |
LongHorn Steakhouse |  | 2,145.9 |  |  | 2,077.1 |
Fine Dining |  | 2,645.1 |  |  | 2,623.5 |
Other Business |  | 3,819.6 |  |  | 3,821.0 |
Corporate |  | 1,218.7 |  |  | 1,184.9 |
Consolidated |  | $ | 12,759.6 |  |  | $ | 12,587.0 |
Schedule of Reconciliation of Operating Profit (Loss) from Segments to Consolidated | A reconciliation of segment profit to earnings from continuing operations before income taxes is below.
|  |  |  | Three Months Ended
(in millions) |  |  |  |  |  | August 24, 2025 |  | August 25, 2024
Segment profit |  |  |  |  |  | $ | 574.3 |  |  | $ | 522.6 |
Less general and administrative expenses |  |  |  |  |  | (136.1) |  |  | (126.4) |
Less depreciation and amortization |  |  |  |  |  | (135.1) |  |  | (121.5) |
Less impairments and gain (loss) on disposal of assets, net |  |  |  |  |  | 42.0 |  |  | (1.0) |
Less pre-opening costs |  |  |  |  |  | (5.9) |  |  | (4.5) |
Less interest, net |  |  |  |  |  | (45.4) |  |  | (37.1) |
Earnings before income taxes |  |  |  |  |  | $ | 293.8 |  |  | $ | 232.1 |

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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