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  "docSlug": "93cbee808d66",
  "documentTitle": "Starbucks (SBUX)",
  "authorId": "01_Pershing_Square",
  "authorName": "Pershing Square Capital Management",
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  "presentationDate": "2018-10-09 00:00:00",
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  "notes": "The chart uses a dual-axis approach (implied) to show absolute dollar buybacks and cumulative percentage of market cap.",
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      "kind": "callout",
      "text": "Management has announced a share repurchase plan of ~$14bn over the next two years, nearly 20% of the current market cap",
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      "text": "Starbucks Annual Share Repurchases (FYE Sept. 30, $bn)",
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      "kind": "source-note",
      "text": "Source: 2013-2017 as per SBUX public filings; 2018E-2022E as per Pershing Square estimates based on SBUX management commentary.",
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      "kind": "title",
      "text": "Accelerated Capital Return Plan",
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