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  "documentTitle": "Darden Restaurants, Inc. (DRI)",
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  "presentationDate": "2014-09-11 00:00:00",
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  "notes": "Includes a reference to previous slides 254-255.",
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      "kind": "callout",
      "text": "Franchising select markets will create a more efficient operating model",
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      "text": "Lack of store density: While total scale is an important advantage in operating performance, local market density can be just as important. Darden lacks sufficient density in many markets. Selling to a franchisee provides capital and growth.",
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      "text": "A common and successful tactic is to franchise select markets where a corporation is not performing well due to lack of local store density or local market expertise.",
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      "text": "As discussed on slides 254-255, we have identified a preliminary list of 6 markets for Olive Garden and 12 for LongHorn that may be strong candidates for franchising.",
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