| 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 | | LongHorn Steakhouse | | Fine Dining | | Other Business | | Corporate | | Consolidated | | For the three months ended February 22, 2026 | | | Sales | | $ | 1,393.0 | | | $ | 854.2 | | | $ | 402.0 | | | $ | 696.1 | | | $ | — | | | $ | 3,345.3 | | | Food and beverage | | 332.7 | | | 360.5 | | | 128.9 | | | 204.6 | | | — | | | 1,026.7 | | | Restaurant labor | | 482.7 | | | 218.7 | | | 106.6 | | | 238.9 | | | — | | | 1,046.9 | | | Restaurant expenses | | 230.7 | | | 113.2 | | | 75.3 | | | 136.8 | | | (27.3) | | | 528.7 | | | Marketing | | 26.9 | | | 2.8 | | | 2.7 | | | 7.0 | | | — | | | 39.4 | | | Segment profit | | $ | 320.0 | | | $ | 159.0 | | | $ | 88.5 | | | $ | 108.8 | | | $ | 27.3 | | | $ | 703.6 | | | Depreciation and amortization | | $ | 50.5 | | | $ | 24.6 | | | $ | 18.0 | | | $ | 31.4 | | | $ | 17.3 | | | $ | 141.8 | | | Impairments and (gain) loss on disposal of assets, net | | — | | | — | | | — | | | — | | | 25.1 | | | 25.1 | | | Pre-opening costs | | 2.7 | | | 3.0 | | | 0.5 | | | 1.3 | | | 1.3 | | | 8.8 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (in millions) | | Olive Garden1 | | LongHorn Steakhouse | | Fine Dining | | Other Business | | Corporate | | Consolidated | | For the nine months ended February 22, 2026 | | | Sales | | $ | 4,056.8 | | | $ | 2,406.5 | | | $ | 1,004.7 | | | $ | 2,024.1 | | | $ | — | | | $ | 9,492.1 | | | Food and beverage | | 971.3 | | | 1,026.7 | | | 326.3 | | | 595.2 | | | — | | | 2,919.5 | | | Restaurant labor | | 1,423.2 | | | 626.7 | | | 288.6 | | | 696.5 | | | — | | | 3,035.0 | | | Restaurant expenses | | 677.5 | | | 323.8 | | | 208.7 | | | 406.7 | | | (75.5) | | | 1,541.2 | | | Marketing | | 99.9 | | | 9.4 | | | 7.0 | | | 20.9 | | | — | | | 137.2 | | | Segment profit | | $ | 884.9 | | | $ | 419.9 | | | $ | 174.1 | | | $ | 304.8 | | | $ | 75.5 | | | $ | 1,859.2 | | | Depreciation and amortization | | $ | 148.2 | | | $ | 70.7 | | | $ | 53.0 | | | $ | 94.1 | | | $ | 48.8 | | | $ | 414.8 | | | Impairments and (gain) loss on disposal of assets, net | | — | | | — | | | — | | | — | | | (19.8) | | | (19.8) | | | Pre-opening costs | | 6.1 | | | 6.1 | | | 2.1 | | | 5.0 | | | 3.5 | | | 22.8 | | | Purchases of land, buildings and equipment | | 188.3 | | | 149.8 | | | 71.0 | | | 131.8 | | | — | | | 540.9 | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (in millions) | | Olive Garden1 | | LongHorn Steakhouse | | Fine Dining | | Other Business | | Corporate | | Consolidated | | For the three months ended February 23, 2025 | | | Sales | | $ | 1,330.3 | | | $ | 768.1 | | | $ | 385.3 | | | $ | 674.3 | | | $ | — | | | $ | 3,158.0 | | | Food and beverage | | 320.0 | | | 315.0 | | | 122.4 | | | 196.2 | | | — | | | 953.6 | | | Restaurant labor | | 464.1 | | | 198.7 | | | 101.1 | | | 231.1 | | | — | | | 995.0 | | | Restaurant expenses | | 214.1 | | | 101.5 | | | 72.3 | | | 134.7 | | | (21.6) | | | 501.0 | | | Marketing | | 24.6 | | | 1.3 | | | 2.7 | | | 6.8 | | | — | | | 35.4 | | | Segment profit | | $ | 307.5 | | | $ | 151.6 | | | $ | 86.8 | | | $ | 105.5 | | | $ | 21.6 | | | $ | 673.0 | | | Depreciation and amortization | | $ | 46.9 | | | $ | 21.3 | | | $ | 17.6 | | | $ | 32.1 | | | $ | 14.0 | | | $ | 131.9 | | | Impairments and (gain) loss on disposal of assets, net | | — | | | — | | | — | | | — | | | 0.1 | | | $ | 0.1 | | | Pre-opening costs | | 0.9 | | | 2.3 | | | 0.7 | | | 1.5 | | | 0.7 | | | 6.1 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (in millions) | | Olive Garden1 | | LongHorn Steakhouse | | Fine Dining | | Other Business | | Corporate | | Consolidated | | For the nine months ended February 23, 2025 | | | Sales | | $ | 3,831.9 | | | $ | 2,191.7 | | | $ | 970.2 | | | $ | 1,811.2 | | | $ | — | | | $ | 8,805.0 | | | Food and beverage | | 926.8 | | | 902.3 | | | 309.1 | | | 534.9 | | | — | | | 2,673.1 | | | Restaurant labor | | 1,346.4 | | | 570.1 | | | 272.7 | | | 621.9 | | | — | | | 2,811.1 | | | Restaurant expenses | | 626.2 | | | 297.3 | | | 201.8 | | | 365.6 | | | (64.0) | | | 1,426.9 | | | Marketing | | 97.1 | | | 7.1 | | | 7.0 | | | 17.7 | | | — | | | 128.9 | | | Segment profit | | $ | 835.4 | | | $ | 414.9 | | | $ | 179.6 | | | $ | 271.1 | | | $ | 64.0 | | | $ | 1,765.0 | | | Depreciation and amortization | | $ | 138.4 | | | $ | 62.2 | | | $ | 51.8 | | | $ | 87.1 | | | $ | 41.6 | | | $ | 381.1 | | | Impairments and (gain) loss on disposal of assets, net | | — | | | — | | | — | | | — | | | 1.1 | | | 1.1 | | | Pre-opening costs | | 2.7 | | | 3.8 | | | 3.2 | | | 4.2 | | | 2.2 | | | 16.1 | | | Purchases of land, buildings and equipment | | 187.4 | | | 109.2 | | | 73.3 | | | 102.7 | | | — | | | 472.6 | | | | | | | | | | | | | | |
1 Segment results include sales from the Olive Garden Canada Restaurants sold on July 14, 2025. | | | | | | | | | | | | | | | | (in millions) | | February 22, 2026 | | May 25, 2025 | | Segment Assets | | | | | | Olive Garden | | $ | 2,920.5 | | | $ | 2,880.5 | | | LongHorn Steakhouse | | 2,206.1 | | | 2,077.1 | | | Fine Dining | | 2,661.6 | | | 2,623.5 | | | Other Business | | 3,809.9 | | | 3,821.0 | | | Corporate | | 1,290.7 | | | 1,184.9 | | | Consolidated | | $ | 12,888.8 | | | $ | 12,587.0 | |
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| 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 | | Nine Months Ended | | (in millions) | | February 22, 2026 | | February 23, 2025 | | February 22, 2026 | | February 23, 2025 | | Segment profit | | $ | 703.6 | | | $ | 673.0 | | | $ | 1,859.2 | | | $ | 1,765.0 | | | Less pre-opening costs | | (8.8) | | | (6.1) | | | (22.8) | | | (16.1) | | | Less general and administrative expenses | | (121.5) | | | (116.7) | | | (375.4) | | | (387.2) | | | Less depreciation and amortization | | (141.8) | | | (131.9) | | | (414.8) | | | (381.1) | | | Less impairments and gain (loss) on disposal of assets, net | | (25.1) | | | (0.1) | | | 19.8 | | | (1.1) | | | Less interest, net | | (49.6) | | | (45.5) | | | (143.0) | | | (128.8) | | | | | | | | | | | | Earnings before income taxes | | $ | 356.8 | | | $ | 372.7 | | | $ | 923.0 | | | $ | 850.7 | |
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