Consolidated Statements of Earnings

Financial Review 2005

	Fiscal Year Ended
(In thousands, except per share data)	May 29, 2005			May 30, 2004			May 25, 2003
Sales	$	5,278,110		$	5,003,355		$	4,654,971
Costs and expenses:     Cost of sales:         Food and beverage		1,593,709			1,526,875			1,449,162
Restaurant labor		1,695,805			1,601,258			1,485,046
Restaurant expenses		806,314			774,806			713,699
Total cost of sales, excluding restaurant depreciation and     amortization of $198,422, $195,486 and $177,127, respectively	$	4,095,828		$	3,902,939		$	3,647,907
Selling, general and administrative		497,478			472,109			431,722
Depreciation and amortization		213,219			210,004			191,218
Interest, net		43,119			43,659			42,597
Asset impairment and restructuring charges, net		4,549			41,868			3,924
Total costs and expenses	$	4,854,193		$	4,670,579		$	4,317,368
Earnings before income taxes		423,917			332,776			337,603
Income taxes		133,311			105,603			111,624
Net earnings	$	290,606		$	227,173		$	225,979
Net earnings per share:     Basic	$	1.85		$	1.39		$	1.33
Diluted	$	1.78		$	1.34		$	1.27
Average number of common shares outstanding:     Basic		156,700			163,500			170,300
Diluted		163,400			169,700			177,400

See accompanying notes to consolidated financial statements.