v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Jun. 24, 2026
Jun. 25, 2025
Jun. 26, 2024
Cash flows from operating activities      
Net income $ 487.0 $ 383.1 $ 155.3
Adjustments to reconcile Net income to Net cash provided by operating activities:      
Depreciation and amortization 218.7 206.6 170.8
Deferred income taxes, net 32.2 12.6 (20.6)
Non-cash other (gains) and charges 12.1 25.7 28.7
Stock-based compensation 32.2 31.4 25.9
Net loss on disposal of assets 10.3 11.7 3.5
Other 1.8 2.6 2.8
Changes in assets and liabilities:      
Accounts receivable, net 0.4 (12.9) (0.6)
Inventories 0.3 (1.3) (0.5)
Restaurant supplies (3.3) (2.2) (1.0)
Prepaid expenses 0.9 (2.7) (12.3)
Income taxes (4.8) (0.5) 4.0
Operating lease assets, net of liabilities (1.7) (2.6) (4.0)
Other assets (0.6) (0.3) (0.4)
Accounts payable 9.0 (7.6) 30.8
Gift card liability (4.4) (7.6) (8.2)
Accrued payroll (10.0) 25.7 24.7
Other accrued liabilities 2.3 12.2 21.7
Other liabilities 7.0 5.1 1.3
Net cash provided by operating activities 789.4 679.0 421.9
Cash flows from investing activities      
Payments for property and equipment (231.9) (265.3) (198.9)
Proceeds from sale of assets 0.4 1.0 4.7
Insurance recoveries 0.5 0.9 0.7
Proceeds from note receivable 0.0 0.0 1.3
Net cash used in investing activities (231.0) (263.4) (192.2)
Cash flows from financing activities      
Borrowings on revolving credit facility 650.0 885.0 389.0
Payments on revolving credit facility (650.0) (885.0) (550.3)
Purchases of treasury stock (443.9) (90.2) (25.8)
Payments on long-term debt (24.1) (375.8) (20.1)
Proceeds from issuance of treasury stock 0.7 8.3 27.9
Payments for debt issuance costs 0.0 (3.6) (0.7)
Payments of dividends 0.0 0.0 (0.2)
Net cash used in financing activities (467.3) (461.3) (180.2)
Net change in cash and cash equivalents 91.1 (45.7) 49.5
Cash and cash equivalents at beginning of period 18.9 64.6 15.1
Cash and cash equivalents at end of period 110.0 18.9 64.6
Supplemental disclosure of cash flow information:      
Income taxes paid, net 66.0 64.3 26.1
Interest paid, net of amounts capitalized 38.7 55.1 50.3
Accrued capital expenditures $ 23.5 $ 31.7 $ 16.5