2019 Performance Review slide image

2019 Performance Review

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 Share price $100 $95 $90 $85 11/1/18: SBUX reports fiscal 12/13/18: SBUX hosts biennial investor day $80 Q4'18 earnings with U.S. SSS growth of 4% after four $75 quarters of 1% to 2% growth $70 $65 $60 $55 10/9/18: Pershing Square announces investment in SBUX $50 Jul-2018 Oct-2018 Jan-2019 Apr-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 $85 $51* Jan-2020 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
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