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  "docSlug": "be8f2b4fd241",
  "documentTitle": "Weis Markets, Inc. (WMK)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2018-09-05 00:00:00",
  "orientation": "landscape",
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  "pageNumber": 19,
  "pageCount": 46,
  "prevPage": 18,
  "nextPage": 20,
  "slideType": "analyze_data",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 56,
  "notes": "The slide uses a table to show quarterly YoY growth across four metrics, with annotations highlighting specific periods of decline and acquisition impact.",
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      "kind": "callout",
      "text": "Three quarters in a row of negative YoY trends in unique shoppers, average number of transactions per shopper and total transactions",
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        "x": 0.83,
        "y": 0.65
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      "kind": "legend",
      "text": "First full quarter of Food Lion acquisition in Q4'16",
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      "text": "Three quarters in a row of negative YoY trends in unique shoppers, average number of transactions per shopper and total transactions",
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      "kind": "legend",
      "text": "Mitigated by an increase in average spend per customer, but this metric reached a YoY low in Q2'18",
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      "text": "Total Transactions: -3.9%",
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      "kind": "paragraph",
      "text": "Spruce Point sourced big data insights from Earnest Research... Weis has mitigated these negative trends with an increase in average ticket price per shopper. However, in 2Q18 it posted the lowest YoY growth in recent quarters (3.5%).",
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      "text": "Weis Markets YoY Growth table showing Period, Unique Shoppers, Average Transactions / Shopper, Total Transactions, and Average Ticket.",
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      "kind": "title",
      "text": "Big Data Insights Validate Weis' Struggles",
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      "evidence": "The deck presents various data points and comparisons that worsen the picture of Weis Markets, highlighting its non-competitiveness and financial struggles.",
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      "name": "Cost Of Inaction",
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      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
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