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  "docSlug": "a7c3404fe6d9b07e562dfbed52ad51d0",
  "documentTitle": "Pershing Square | Activist Presentation Deck | 43 slides",
  "authorId": "pershing-square",
  "authorName": "Pershing Square",
  "documentKindSlug": "activist-deck",
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  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2018-10-01 00:00:00",
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  "pageNumber": 10,
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  "nDataPoints": 8,
  "notes": "The slide uses a stacked bar chart to illustrate the shift in earnings contribution, with CAGR annotations to emphasize growth differentials.",
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      "kind": "callout",
      "text": "China will become increasingly important to the value of Starbucks over time as it represents Starbucks' single-largest unit growth opportunity with the best store-level unit economics",
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      "text": "We expect that China will grow nearly twice as fast as Starbucks' overall earnings and represent an increasingly larger percentage of the company's earnings",
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      "text": "Source: Pershing Square estimates",
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      "text": "Value of Starbucks China Increasingly Important",
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