v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
shares in Millions, $ in Millions
Jun. 24, 2026
Jun. 25, 2025
Current assets    
Cash and cash equivalents $ 110.0 $ 18.9
Accounts receivable, net 81.4 73.4
Inventories 34.5 35.2
Restaurant supplies 56.8 54.9
Prepaid expenses 23.8 24.6
Income taxes receivable 1.2 0.0
Total current assets 307.7 207.0
Property and equipment, at cost    
Land 47.2 44.9
Buildings and leasehold improvements 1,815.4 1,755.2
Furniture and equipment 876.0 845.3
Construction-in-progress 61.8 71.8
Gross property and equipment 2,800.4 2,717.2
Less accumulated depreciation and amortization (1,833.0) (1,764.5)
Net property and equipment 967.4 952.7
Other assets    
Operating lease assets [1] 1,205.9 1,149.1
Goodwill 194.5 194.7
Deferred income taxes, net 69.1 101.4
Intangibles, net 15.3 17.4
Other 55.1 56.3
Total other assets 1,539.9 1,518.9
Total assets 2,815.0 2,678.6
Current liabilities    
Accounts payable 168.9 168.5
Gift card liability 52.8 57.2
Accrued payroll 146.2 156.2
Operating lease liabilities [1] 116.9 114.6
Other accrued liabilities 188.4 172.6
Income taxes payable 3.5 6.5
Total current liabilities 676.7 675.6
Long-term debt and finance leases, less current installments 419.7 426.0
Long-term operating lease liabilities, less current portion [1] 1,194.3 1,135.3
Other liabilities 80.6 70.8
Commitments and contingencies (Note 8)
Shareholders’ equity    
Common stock, shares authorized 250.0  
Common stock, par value per share $ 0.10  
Common stock, shares issued 60.3 60.3
Common stock, shares outstanding 42.2 44.5
Common stock (250.0 million authorized shares; $0.10 par value; 60.3 million shares issued and 42.2 million shares outstanding at June 24, 2026, and 60.3 million shares issued and 44.5 million shares outstanding at June 25, 2025) $ 6.0 $ 6.0
Additional paid-in capital 682.5 714.5
Accumulated other comprehensive loss (6.7) (6.4)
Retained earnings $ 673.5 $ 186.5
Treasury stock, shares 18.1 15.8
Treasury stock, at cost (18.1 million shares at June 24, 2026, and 15.8 million shares at June 25, 2025) $ (911.6) $ (529.7)
Total shareholders’ equity 443.7 370.9
Total liabilities and shareholders’ equity $ 2,815.0 $ 2,678.6
[1] Operating lease assets are recorded in Operating lease assets and the related current and long-term lease liabilities are recorded within Operating lease liabilities and Long-term operating lease liabilities, less current portion, respectively.