v3.26.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
May 31, 2026
Accounting Policies [Abstract]  
Schedule of Cash and Cash Equivalents
The components of cash and cash equivalents are as follows:
(in millions)May 31, 2026May 25, 2025
Short-term investments$0.7 $21.3 
Credit card receivables180.5 176.8 
Depository accounts38.3 41.9 
Total cash and cash equivalents$219.5 $240.0 
Schedule of Depreciation And Amortization Expense From Continuing Operations Depreciation and amortization expense from continuing operations associated with buildings and equipment and losses on replacement of equipment were as follows:
Fiscal Year Ended
(in millions)May 31, 2026May 25, 2025May 26, 2024
Depreciation and amortization on buildings and equipment$541.2 $496.1 $435.1 
Losses on replacement of equipment3.5 3.9 3.0 
Schedule of Capitalized Software Costs And Related Accumulated Amortization The cost of capitalized software and related accumulated amortization was as follows:
(in millions)May 31, 2026May 25, 2025
Capitalized software$331.8 $314.8 
Accumulated amortization(241.4)(231.8)
Capitalized software, net of accumulated amortization$90.4 $83.0 
Schedule of Costs And Accumulated Amortization Of Acquired Definite-Lived Intangible Assets The cost and related accumulated amortization was as follows:
(in millions)May 31, 2026May 25, 2025
Definite-lived intangible assets$30.7 $30.7 
Accumulated amortization(18.2)(16.4)
Definite-lived intangible assets, net of accumulated amortization$12.5 $14.3 
Definite-lived intangible liabilities$(3.0)$(3.0)
Accumulated amortization2.7 2.4 
Definite-lived intangible liabilities, net of accumulated amortization$(0.3)$(0.6)
Schedule of Amortization Expense Associated With Capitalized Software And Other Definite Lived Intangibles
Amortization expense from continuing operations associated with capitalized software and other definite-lived intangibles included in depreciation and amortization in our accompanying consolidated statements of earnings was as follows:
Fiscal Year Ended
(in millions)May 31, 2026May 25, 2025May 26, 2024
Amortization expense - capitalized software$18.2 $18.2 $22.9 
Amortization expense - other definite-lived intangibles1.7 1.8 1.9 
Schedule of Goodwill And Trademark Balances
Our goodwill and trademark balances are allocated as follows:
GoodwillTrademarks
(in millions)May 31, 2026May 25, 2025May 31, 2026May 25, 2025
Olive Garden$30.2 $30.2 $0.7 $0.7 
LongHorn Steakhouse49.3 49.3 307.8 307.8 
Yard House369.2 369.2 109.3 109.3 
Ruth’s Chris353.6 353.6 341.7 341.7 
Cheddar’s Scratch Kitchen165.1 165.1 230.1 230.1 
The Capital Grille401.6 401.6 147.4 147.4 
Chuy’s267.2 268.4 198.4 198.4 
Season’s 52— — 0.5 0.5 
Eddie V’s22.0 22.0 10.5 10.5 
Total$1,658.2 $1,659.4 $1,346.4 $1,346.4 
Schedule of Basic And Diluted Earnings Per Common Share
The following table presents the computation of basic and diluted net earnings per common share:
Fiscal Year Ended
(in millions, except per share data)May 31, 2026May 25, 2025May 26, 2024
Earnings from continuing operations$1,213.7 $1,051.0 $1,030.5 
Losses from discontinued operations(7.0)(1.4)(2.9)
Net earnings$1,206.7 $1,049.6 $1,027.6 
Weighted average common shares outstanding – Basic115.5 117.5 119.9 
Effect of dilutive stock-based compensation0.8 0.9 0.9 
Weighted average common shares outstanding – Diluted116.3 118.4 120.8 
Basic net earnings per share:
Earnings from continuing operations$10.51 $8.94 $8.59 
Losses from discontinued operations(0.06)(0.01)(0.02)
Net earnings$10.45 $8.93 $8.57 
Diluted net earnings per share:
Earnings from continuing operations$10.44 $8.88 $8.53 
Losses from discontinued operations(0.06)(0.02)(0.02)
Net earnings$10.38 $8.86 $8.51 
Schedule of Restricted Stock And Options To Purchase Shares Of Common Stock Excluded From Calculation Of Diluted Earnings Per Share
Stock options, restricted stock units and equity-settled performance stock units excluded from the calculation of diluted net earnings per share because the effect would have been anti-dilutive, are as follows:
Fiscal Year Ended
(in millions)May 31, 2026May 25, 2025May 26, 2024
Anti-dilutive stock-based compensation awards0.1 0.1 0.1