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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 chart uses a stacked bar approach to show the composition of international units, with China growing at a 31% CAGR compared to 10% for the rest of the world.",
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      "kind": "callout",
      "text": "Robust international unit growth should continue, led by China and other significantly underpenetrated regions overseas",
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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: China 31% Rest of World (Ex-China) 10% Total 12%",
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      "text": "China & Rest of World (Ex-China) Units ('000s): FY 2010 to 2018E",
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