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  "docSlug": "93cbee808d66",
  "documentTitle": "Starbucks (SBUX)",
  "authorId": "01_Pershing_Square",
  "authorName": "Pershing Square Capital Management",
  "documentKindSlug": "conference-presentation",
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  "presentationDate": "2018-10-09 00:00:00",
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  "notes": "The chart uses a stacked bar format to illustrate the components of SSS growth, with a dashed line indicating the long-term average.",
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      "kind": "callout",
      "text": "Since 2008, Starbucks' Americas segment (primarily U.S.) SSS growth has averaged 5%, split evenly between transactions and ticket",
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      "text": "Since 2008, Starbucks’ Americas segment (primarily U.S.) SSS growth has averaged 5%, split evenly between transactions and ticket",
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      "kind": "chart",
      "text": "Americas SSS Growth: FY 2009 to 2018 YTD",
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      "kind": "source-note",
      "text": "Source: SBUX public filings.",
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      "text": "Strong Historical SSS Growth: Americas",
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