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  "documentTitle": "Pershing Square | Activist Presentation Deck | 62 slides",
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  "authorName": "Pershing Square Holdings",
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  "presentationDate": "2020-02-01 00:00:00",
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      "text": "LOW's share price including dividends increased 32% in 2019 and is flat year-to-date in 2020",
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      "text": "Note: The performance of Lowe's share price is provided for illustrative purposes only and is not an indication of future returns of the Pershing Square funds. *Average cost at announcement date. Please see the additional disclaimers and notes to performance results at the end of the presentation. (1) As of 2/4/2020",
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      "text": "5/22/2019: Announces unexpected gross margin pressures following issues related to legacy pricing systems, cuts guidance",
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      "text": "11/20/2019: Q3'19 results show continued improvement across many facets of the business, raises guidance",
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      "text": "5/22/18: Lowe's announces the hiring of ex-HD executive Marvin Ellison as CEO",
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      "text": "8/21/2019: Q2 '19 earnings demonstrate improvement in systems-related issues",
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      "text": "12/12/18: LOW holds Analyst Day. Introduces long-term plan focused on executing \"Retail Fundamentals\"",
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      "text": "LOW Share Price Performance Since Inception",
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