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  "documentTitle": "Darden Restaurants, Inc. (DRI)",
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  "authorName": "Jeffrey C. Smith",
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      "text": "An estimated $7 - $10 million savings can be realized by employing best practices that others have already implemented",
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      "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.",
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      "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.",
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      "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.",
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      "text": "Darden appears to lag behind its peers in areas of facilities management like repairs and maintenance (R&M)",
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