{
  "docId": "019dd923-622b-71dc-a6d9-c007c91e862b",
  "docSlug": "28a425ed69eb",
  "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": "2014-09-11 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 127,
  "pageCount": 294,
  "prevPage": 126,
  "nextPage": 128,
  "slideType": "peer_gap",
  "function": "expose_gap",
  "density": "overcrowded",
  "nDataPoints": 3,
  "notes": "Uses 'Proved successful' callouts to highlight peer benchmarks.",
  "elementsJson": [
    "headline_text",
    "subtitle_text",
    "bullet_list",
    "callout_box"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6d9-c007c91e862b/127",
  "deckHref": "/decks/019dd923-622b-71dc-a6d9-c007c91e862b",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6d9-c007c91e862b.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6d9-c007c91e862b#slide-127",
  "components": [
    {
      "bbox": {
        "h": 0.15,
        "w": 0.18,
        "x": 0.72,
        "y": 0.62
      },
      "kind": "callout",
      "text": "Proved successful for Brinker",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4afbffdf-3b36-435e-b122-807d08d40241",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.33,
        "x": 0.21,
        "y": 0.75
      },
      "kind": "callout",
      "text": "Proved successful for Bloomin'",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "da5de41c-0753-4696-809b-a050335415f5",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "callout",
      "text": "An estimated $7 - $10 million savings can be realized by employing best practices that others have already implemented",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-f5cf-7048-87e6-c64e7c9353e2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.92,
        "x": 0.04,
        "y": 0.58
      },
      "kind": "list",
      "text": "Several large chains, such as Bloomin' Brands and McDonald's, have successfully implemented outsourcing to reduce R&M costs. Brinker made R&M a major focus and was able to achieve tangible reductions to increase profitability.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "11a575d6-ea97-4ab5-bb78-d19206de246d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.92,
        "x": 0.04,
        "y": 0.21
      },
      "kind": "list",
      "text": "While Darden launched an R&M centralization program in 2012, the program ran into implementation issues and Darden failed to realize its projected savings. In fact, it appears that Darden now has the worst of both worlds – we believe corporate has restricted the freedom of General Managers without actually generating any savings for Darden. Several possible cultural factors could explain Darden's lack of success in R&M program implementation: Unwillingness to negotiate with contractors. Bureaucratic and rigid processes.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "cc5cfc31-202a-4108-bdff-1a32aa63ebb3",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.92,
        "x": 0.04,
        "y": 0.48
      },
      "kind": "list",
      "text": "Darden is a leader in energy efficiency, but despite lower utility costs, Darden's restaurant expenses increased in 2014 (17.2%) vs. 2013 (16.6%), showing that R&M functions within the Company are not improving.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d6044752-b3d4-4e0c-9b01-ba01b3664680",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "R&M cost savings: $7 - $10 million",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-f5cf-7048-87e6-c9c23cab71d0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.92,
        "x": 0.04,
        "y": 0.16
      },
      "kind": "paragraph",
      "text": "Without a robust R&M operation, Darden overpays for services and maintenance from contractors.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "38a13619-9ee9-4784-8bd5-b97205dcd3c8",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.94,
        "x": 0.03,
        "y": 0.82
      },
      "kind": "title",
      "text": "An estimated $7 - $10 million savings can be realized by employing best practices that others have already implemented",
      "attrs": null,
      "subkind": "action-title",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4d540516-792f-4405-b025-af578293189e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.92,
        "x": 0.04,
        "y": 0.04
      },
      "kind": "title",
      "text": "Darden appears to lag behind its peers in areas of facilities management like repairs and maintenance (R&M)",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "42c87c70-6a46-4bb3-895d-2913839eae1a",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "peer_benchmark",
      "slug": null,
      "matchId": "e518fdef-1754-417c-9c98-4a3175469950",
      "evidence": "Comparison of Darden's R&M performance against Bloomin' Brands, McDonald's, and Brinker.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [],
  "loops": [
    {
      "to": 149,
      "from": 90,
      "name": "Mece Breakdown",
      "slug": "40-mece-breakdown",
      "bestFor": "Problem structuring, ensuring completeness, strategic analysis",
      "matchId": "0f178970-f2d9-432d-be55-20ecf4c3c54b",
      "evidence": "The document presents a detailed breakdown of the opportunities for improvement at Darden, including specific areas such as food costs, labor, and marketing.",
      "position": 1,
      "objective": "Break down the opportunities for improvement at Darden into specific areas",
      "structure": "The Whole -> Category A (distinct) -> Category B (distinct) -> Category C (distinct) -> Complete Coverage",
      "confidence": 0.6,
      "description": "Divide a complex topic into mutually exclusive, collectively exhaustive categories"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}