Pershing Square Activist Presentation Deck
SBUX Share Price Performance Since Inception
SBUX's share price including dividends increased 1% in 2021 through our
last share sale on March 26, 2021
SBUX share price performance from 7/13/2018 to 3/26/2021:
Share price
$110
$105
$100
$95
$90
$85
$80
$75
$70
$65
$60
$55
$50
7/25/19: SBUX reports fiscal Q3'19
earnings, marking a return to transaction
growth in both the U.S. and China
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
1/31/20: Pershing Square completes
sale of initial investment in SBUX at
an average price per share of $86
10/9/18: Pershing Square announces
investment in SBUX
Jan-2019
Jul-2019
Jan-2020
12/9/20: SBUX hosts
biennial investor day
and raises long-term
financial targets
$110
муррцето
Jul-2020
Fourry
3/26/21: Pershing
Square completes last
SBUX share sale
3/12/20-3/23/20: Pershing Square re-
establishes a position in SBUX at an
average cost per share of $60
-$60*
Jan-2021
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.
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