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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 table uses a decomposition framework to arrive at the total SSS growth figure.",
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      "kind": "callout",
      "text": "The U.S. will remain the company's largest business for the foreseeable future and will drive over 70% of consolidated SSS growth over the next several years",
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      "text": "We conservatively estimate that SBUX should be able to generate SSS growth of at least 3% in the U.S., with 5% achievable even if Frappuccino continues to decline",
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      "text": "Source: Pershing Square estimates.",
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      "text": "Core Beverage, Food, Teavana & Refreshment, Frappuccino, SSS from Transactions & Mix, Pricing, Same-Store Sales",
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      "text": "U.S. Same-Store Sales Growth Framework",
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