Pershing Square Activist Presentation Deck
SBUX Share Price Performance Since Inception
SBUX's share price including dividends increased 39% in 2019 and
decreased 4% year-to-date in 2020 through our last share sale on January
31, 2020
SBUX share price performance from 7/13/2018 to 1/31/2020
$100
Share price
$95
$90
$85
$80
$75
$70
$65
$60
$55
$50
11/1/18: SBUX reports fiscal
Q4'18 earnings with U.S.
SSS growth of 4% after four
quarters of 1% to 2% growth
Jul-2018
Oct-2018
12/13/18: SBUX hosts
biennial investor day
Tama
10/9/18: Pershing Square
announces investment in SBUX
Jan-2019
7/25/19: SBUX reports fiscal
Q3'19 earnings, marking a
return to transaction growth
in both the U.S. and China
Jul-2019
Oct-2019
Jan-2020
Apr-2019
Note: The performance of SBUX'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.
54
$85
$51*View entire presentation