Financial Summary (All financials)
| In millions, except per share items | Jun-03-23 | May-28-22 | May-29-21 | May-30-20 | Jun-01-19 | Jun-02-18 | Jun-03-17 | May-28-16 |
| Revenues | 4,087.1 | 3,946.0 | 2,465.1 | 2,486.6 | 2,567.2 | 2,381.2 | 2,278.2 | 2,264.9 |
| Revenue growth | 3.6% | 60.1% | -0.9% | -3.1% | 7.8% | 4.5% | 0.6% | 5.7% |
| Cost of goods sold | 2,657.1 | 2,593.3 | 1,514.0 | 1,575.4 | 1,637.3 | 1,508.2 | 1,414.0 | 1,390.7 |
| Gross profit | 1,430.0 | 1,352.7 | 951.1 | 911.2 | 929.9 | 873.0 | 864.2 | 874.2 |
| Gross margin | 35.0% | 34.3% | 38.6% | 36.6% | 36.2% | 36.7% | 37.9% | 38.6% |
| Selling, general and administrative | 32.0 | 1,204.2 | 643.8 | 643.3 | 639.3 | 615.3 | 587.5 | 585.6 |
| EBITA | 125.3 | 118.4 | 250.7 | 210.3 | 224.9 | 193.6 | 211.2 | 217.9 |
| EBITA margin | 3.1% | 3.0% | 10.2% | 8.5% | 8.8% | 8.1% | 9.3% | 9.6% |
| Amortization of intangibles | | 78.6 | 15.2 | 11.4 | 6.2 | 6.0 | 6.0 | 6.0 |
| EBIT | 125.3 | 39.8 | 235.5 | 198.9 | 218.7 | 187.6 | 205.2 | 211.9 |
| EBIT margin | 3.1% | 1.0% | 9.6% | 8.0% | 8.5% | 7.9% | 9.0% | 9.4% |
| Pre-tax income | 52.7 | -8.6 | 228.3 | -12.9 | 195.1 | 168.1 | 177.6 | 196.6 |
| Income taxes | 4.6 | 11.1 | 48.3 | 6.1 | 39.6 | 42.4 | 55.1 | 59.5 |
| Tax rate | 8.7% | | 21.2% | | 20.3% | 25.2% | 31.0% | 30.3% |
| Net income | 43.1 | -27.1 | 174.6 | -8.7 | 160.5 | 128.1 | 123.9 | 136.7 |
| Net margin | 1.1% | -0.7% | 7.1% | -0.3% | 6.3% | 5.4% | 5.4% | 6.0% |
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| Diluted EPS | $0.57 | ($0.37) | $2.94 | ($0.15) | $2.70 | $2.12 | $2.05 | $2.26 |
| Shares outstanding (diluted) | 76.0 | 73.2 | 59.4 | 58.9 | 59.4 | 60.3 | 60.6 | 60.5 |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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