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  "documentTitle": "Starbucks | Investor Day Presentation Deck | 73 slides",
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  "notes": "The slide uses a table to contrast financial performance metrics between two key geographic markets.",
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      "text": "1 Includes Starbucks company-operated core retail stores only; represents estimated Year-1 performance for FY21 Age Class. 2 Cash margin is pre-tax and represented as store-level profit excluding depreciation and non-cash rent. 3 Cash-on-cash ROI based on total pre-tax cash profit over total investment",
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      "text": "YEAR-1 PERFORMANCE PROJECTIONS FOR UNITS OPENED IN FY21. Sales to Investment: ~2x (U.S.), ~2x (China). Cash Margin: ~25% (U.S.), ~35% (China). ROI: ~50% (U.S.), ~70% (China).",
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