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  "documentTitle": "Darden Restaurants, Inc. (DRI)",
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  "authorName": "Jeffrey C. Smith",
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  "presentationDate": "2014-09-11 00:00:00",
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  "notes": "This is a classic activist investor critique of operational inefficiency.",
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      "text": "Darden must bring back the operational focus it once had to reduce food costs while enhancing the customer experience",
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      "text": "We believe Olive Garden’s food continues to deteriorate and stray from authentic Italian.\nFood margins and food quality appear to have worsened. However, we believe actual food costs have been increasing due primarily to unfocused and undisciplined execution.\nWe believe neither the front of the house (service) nor the back of the house (kitchen) is running efficiently.\nSimilar to Brinker, we believe the kitchens can be re-engineered to bring down food and labor costs while simultaneously improving the consistency and quality of the food.",
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