Darden can acquire subscale casual-dining chains, plug them into its centralized sourcing and distribution infrastructure, and extract margin improvement that standalone operators cannot replicate. This roll-up model converts fragmented industry share into durable cost advantage and supports continued acquisition-led growth.
the thesis · admitted · the reason above is the thesis, not printed twice
no findingread · nothing bore on it
It held on this filing. No finding was written because nothing in it bore on the reason — the sentences it was read against are below.
the evidence · every sentence checkedsix sentences · whole, uncut
the claims it rests on · in our words, not the filing’s