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  "documentTitle": "Pershing Square | Activist Presentation Deck | 43 slides",
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  "authorName": "Pershing Square",
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  "presentationDate": "2018-10-01 00:00:00",
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  "notes": "The slide uses a grouped bar chart to contrast domestic vs international expansion.",
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      "kind": "callout",
      "text": "Since 2010, Starbucks unit growth has been primarily driven by growth outside the U.S., which has averaged 12%, while the U.S. has averaged 4%",
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      "text": "Source: 2010-2017 as per SBUX public filings, 2018E as per Pershing Square estimates.",
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      "text": "FY 2010 to 2018E CAGR: U.S. 4% Rest of World 12% Total 8%",
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      "text": "Strong Historical Unit Growth: Total (Cont.)",
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