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  "docId": "019dd923-622b-71dc-a6d9-b7733990b4fe",
  "docSlug": "9c639b8b1898",
  "documentTitle": "Darden Restaurants, Inc. (DRI)",
  "authorId": "03_Starboard_Value",
  "authorName": "Starboard Value",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2014-03-31 00:00:00",
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  "pageNumber": 35,
  "pageCount": 108,
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  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "overcrowded",
  "nDataPoints": 7,
  "notes": "Uses yellow arrows to emphasize the negative trend in performance metrics.",
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      "kind": "callout",
      "text": "Red Lobster's key operating metrics continue to get worse. This trend will create difficulties for New Red Lobster management, who will need to turn around the brand in the public spotlight",
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      "kind": "callout",
      "text": "Red Lobster's key operating metrics continue to get worse. This trend will create difficulties for New Red Lobster management, who will need to turn around the brand in the public spotlight.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
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      "kind": "chart",
      "text": "Traffic growth chart",
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      "text": "EBITDA margins chart",
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      "text": "Same-store-sales growth chart",
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      "text": "Same-store-sales growth has declined from 5.9% in 3Q12 to (8.8%) in 3Q14. Traffic growth has declined from 1.2% in 3Q12 to (14.1%) in 3Q14. EBITDA margins have declined from 11.7% in 2012 to 9.3% 12-months ended 11/24/2013.",
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      "text": "Same-store-sales growth: (8.8%)",
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      "kind": "paragraph",
      "text": "Given Red Lobster's significant underperformance and temporary commodity price headwinds, we question why management appears to be rushing a separation.",
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      "kind": "source-note",
      "text": "Source: Company filings.",
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      "kind": "title",
      "text": "After owning Red Lobster for decades, why is now the right time to rush through a separation, especially in light of objections from some of the Company's largest shareholders?",
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      "kind": "title",
      "text": "We seriously question why management is in such a rush to separate Red Lobster",
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    {
      "to": 43,
      "from": 35,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
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      "evidence": "The document discusses the potential consequences of not addressing the separation plan.",
      "position": 1,
      "objective": "To highlight the cost of inaction regarding the Red Lobster separation",
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