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  "documentTitle": "Darden Restaurants, Inc. (DRI)",
  "authorId": "03_Starboard_Value",
  "authorName": "Jeffrey C. Smith",
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      "text": "EBITDA: $215 - $326 million",
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      "text": "G&A costs are excessive compared to peers, causing major inefficiencies and poor execution. We believe perks for executives are outside industry norms and Darden has excess layers of management. Best practices like cost-effective outsourcing are not in place.",
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      "text": "Olive Garden has one of the lowest alcoholic beverage sales (as % of revenue) in the industry. Competitors have succeeded with alcoholic beverage programs to drive alcohol sales.",
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      "text": "Complex menus, inefficient use of technology solutions, and too much internal prep work. Mix of full-time versus part-time employees is much higher than peers.",
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      "text": "Advertising budget is oversized and ineffective – neither tactical nor ROI focused. Marketing efforts are focused on high cost traditional tactics such as TV and print.",
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      "text": "Corporate G&A, Food costs, food waste, and procurement, Labor, Facilities, Advertising and marketing, Alcoholic beverage, Table turns",
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