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  "documentTitle": "Pershing Square Holdings Portfolio (multi-position) (PSH)",
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      "text": "As underlying sales trends continue to improve, QSR's share price should more accurately reflect our view of its business fundamentals",
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      "text": "We believe QSR will emerge even stronger in a post-COVID world: Competitively advantaged; Return to historical mid-single-digit unit growth in 2021 and beyond.",
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      "text": "QSR's high-quality franchised business model enabled it to navigate extraordinary market conditions while maintaining its long-term growth potential",
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      "text": "Comparable sales have already recovered or are well on their way to recovery: Burger King U.S. positive growth; Tim Hortons improved; Popeyes +16% in 2020.",
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      "text": "Source: Company filings",
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      "text": "Restaurant Brands International (\"QSR\")",
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