Five-Year Financial Summary

Financial Review 2005

	May 29,			May 30,			May 25,			May 26,			May 27,
(In thousands, except per share data)	2005			2004 (1)			2003			2002			2001
Operating Results
Sales	$	5,278,110		$	5,003,355		$	4,654,971		$	4,366,911		$	3,992,419
Costs and expenses:    Cost of sales:       Food and beverage		1,593,709			1,526,875			1,449,162			1,384,481			1,302,926
Restaurant labor		1,695,805			1,601,258			1,485,046			1,373,416			1,261,837
Restaurant expenses		806,314			774,806			713,699			636,575			566,234
Total cost of sales, excluding restaurant    depreciation and amortization(2)	$	4,095,828		$	3,902,939		$	3,647,907		$	3,394,472		$	3,130,997
Selling, general and administrative		497,478			472,109			431,722			417,158			389,240
Depreciation and amortization		213,219			210,004			191,218			165,829			146,864
Interest, net		43,119			43,659			42,597			36,585			30,664
Asset impairment and restructuring charges (credits), net		4,549			41,868			3,924			(2,568)			–
Total costs and expenses	$	4,854,193		$	4,670,579		$	4,317,368		$	4,011,476		$	3,697,765
Earnings before income taxes		423,917			332,776			337,603			355,435			294,654
Income taxes		133,311			105,603			111,624			122,664			101,707
Net earnings	$	290,606		$	227,173		$	225,979		$	232,771		$	192,947
Net earnings per share:       Basic	$	1.85		$	1.39		$	1.33		$	1.33		$	1.07
Diluted	$	1.78		$	1.34		$	1.27		$	1.27		$	1.04
Average number of common shares outstanding,    net of shares held in Treasury:       Basic		156,700			163,500			170,300			174,700			179,600
Diluted		163,400			169,700			177,400			183,500			185,600
Financial Position
Total assets	$	2,937,771		$	2,780,348		$	2,664,633		$	2,529,736		$	2,216,534
Land, buildings, and equipment		2,351,454			2,250,616			2,157,132			1,926,947			1,779,515
Working capital (deficit)		(637,341)			(337,174)			(314,280)			(157,662)			(226,116)
Long-term debt less current portion		350,318			653,349			658,086			662,506			520,574
Stockholders’ equity		1,273,019			1,175,288			1,130,055			1,069,606			978,954
Stockholders’ equity per outstanding share		8.25			7.42			6.85			6.21			5.56
Other Statistics
Cash flow from operations	$	583,242		$	525,411		$	508,635		$	508,101		$	420,570
Capital expenditures		329,238			354,326			423,273			318,392			355,139
Dividends paid		12,505			12,984			13,501			9,225			9,458
Dividends paid per share		0.080			0.080			0.080			0.053			0.053
Advertising expense		214,608			210,989			200,020			184,163			177,998
Stock price:       High		33.11			25.60			27.83			29.767			19.660
Low		19.30			17.80			16.46			15.400			10.292
Close	$	32.80		$	22.50		$	18.35		$	25.030		$	19.267
Number of employees		150,100			141,300			140,700			133,200			128,900
Number of restaurants		1,381			1,325			1,271			1,211			1,168