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  "documentTitle": "Darden Restaurants, Inc. (DRI)",
  "authorId": "03_Starboard_Value",
  "authorName": "Starboard Value",
  "documentKindSlug": "activist-deck",
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  "presentationDate": "2014-09-11 00:00:00",
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  "pageNumber": 151,
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  "nDataPoints": 14,
  "notes": "The slide uses a bottom-up calculation starting from average check size and table turn times to derive total EBITDA impact.",
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      "kind": "callout",
      "text": "By reducing the time it takes to bus a table by 2 minutes, we believe Olive Garden can improve EBITDA by $6 million.",
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      "text": "We believe Olive Garden has false waits at these peak times due to execution errors, particularly slow table turns.\nA successful casual dining restaurant can clean a table and set it for the next guest within 1 minute of the previous guest leaving, but Olive Garden takes 3-5 minutes to turn their tables on average.\nBy reducing the time it takes to bus a table by 2 minutes, we believe Olive Garden can improve EBITDA by $6 million.",
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      "text": "EBITDA: $5.7 million",
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      "kind": "paragraph",
      "text": "On Friday and Saturday nights, the average Olive Garden experiences 60-90 minute wait times.",
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      "kind": "source-note",
      "text": "(1) Darden management. (2) Per Restaurant Cops mystery shopper analysis. (3) Estimate based on Olive Garden's $16.50 - $17.00 overall average check, per company filings, and management statements that average dinner checks are modestly higher than average check at lunch. (4) Per Restaurant Cops mystery shopper analysis, dictates an average dining time of ~66 minutes. (5) Per Company management.",
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      "text": "Incremental EBITDA from turning tables table data",
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      "kind": "title",
      "text": "We believe improving the table turns at Darden’s restaurants (especially Olive Garden) can substantially improve profitability",
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