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Consolidated Balance Sheets (Unaudited) - USD ($)
shares in Millions, $ in Millions
Mar. 26, 2025
Jun. 26, 2024
Current assets    
Cash and cash equivalents $ 17.5 $ 64.6
Accounts receivable, net 57.5 60.6
Inventories 35.1 34.5
Restaurant supplies 55.2 53.8
Prepaid expenses 21.2 20.6
Income taxes receivable 2.6 0.0
Total current assets 189.1 234.1
Property and equipment, at cost    
Land 44.8 41.6
Buildings and leasehold improvements 1,723.1 1,670.2
Furniture and equipment 826.3 830.6
Construction-in-progress 116.6 41.0
Gross property and equipment 2,710.8 2,583.4
Less accumulated depreciation and amortization (1,771.6) (1,703.7)
Net property and equipment 939.2 879.7
Other assets    
Operating lease assets 1,075.7 1,095.2
Goodwill 194.5 194.8
Deferred income taxes, net 101.3 113.9
Intangibles, net 18.1 19.9
Other 54.0 55.5
Total other assets 1,443.6 1,479.3
Total assets 2,571.9 2,593.1
Current liabilities    
Accounts payable 185.6 160.6
Gift card liability 59.5 64.8
Accrued payroll 148.2 130.8
Operating lease liabilities 117.9 114.1
Other accrued liabilities 150.5 144.7
Income taxes payable, net 5.9 7.3
Total current liabilities 667.6 622.3
Long-term debt and finance leases, less current installments 518.3 786.3
Long-term operating lease liabilities, less current portion 1,058.7 1,084.5
Other liabilities 68.3 60.6
Commitments and contingencies (Note 7)
Shareholders’ equity    
Common stock, shares authorized 250.0 250.0
Common stock, par value per share $ 0.10 $ 0.10
Common stock, shares issued 60.3 60.3
Common stock, shares outstanding 44.4 45.0
Common stock (250.0 million authorized shares; $0.10 par value; 60.3 million shares issued and 44.4 million shares outstanding at March 26, 2025 and 60.3 million shares issued and 45.0 million shares outstanding at June 26, 2024) $ 6.0 $ 6.0
Additional paid-in capital 711.6 707.8
Accumulated other comprehensive loss (6.6) (6.3)
Retained earnings (Accumulated deficit) $ 79.5 $ (196.6)
Treasury stock, shares 15.9 15.3
Treasury stock, at cost (15.9 million shares at March 26, 2025, and 15.3 million shares at June 26, 2024) $ (531.5) $ (471.5)
Total shareholders’ equity 259.0 39.4
Total liabilities and shareholders’ equity $ 2,571.9 $ 2,593.1