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  "documentTitle": "Pershing Square Holdings Portfolio (multi-position) (PSH)",
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      "text": "QSR is a high-quality business with significant long-term growth potential trading at a highly discounted valuation",
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      "text": "Patrick Doyle, who previously led Domino’s turnaround, named Executive Chairman; Under Mr. Doyle’s tenure, Domino’s share price appreciated 21x; Mr. Doyle purchased $30 million of QSR shares.",
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      "text": "Comparable sales trends continue to improve; Tim Hortons Canada same-store sales improved; Burger King U.S. launched $400 million program; Burger King International, Popeyes, and Firehouse continue to generate strong growth.",
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      "text": "Source: Company filings, PSCM estimates, Wall Street research. This slide contains Pershing Square's own views and opinions, based on publicly available information, to illustrate Pershing Square's thinking on the matters therein.",
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      "text": "Restaurant Brands International (\"QSR\")",
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