{
  "report_rows": [
    {
      "kpi": "Comparable Store Sales (Q2 FY26)",
      "prediction": "MISS",
      "answer": "pred ~-1.5% vs. cons +0.8%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Diluted EPS (Q2 FY26)",
      "prediction": "MISS",
      "answer": "pred ~$0.78 vs. cons $0.84",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Net Sales / Revenue (Q2 FY26)",
      "prediction": "MISS",
      "answer": "pred ~$4.50B vs. cons $4.60B",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY2026 EPS Guidance",
      "prediction": "LOWER",
      "answer": "guide ~$1.95-$2.00 vs. cons/prior guide $2.13-$2.23 (FY2026)",
      "confidence": "HIGH"
    },
    {
      "kpi": "FY2026 Comparable Sales Guidance",
      "prediction": "LOWER",
      "answer": "guide ~0%-1% vs. prior guide/cons +1% to +3% (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "H2 FY2026 Gross Margin / Operating Margin commentary",
      "prediction": "LOWER",
      "answer": "guide ~9.0%-9.3% operating margin vs. prior guide/cons 9.3%-9.6% (FY2026)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": -5.0,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -7.5,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "A guidance reset (FY26 EPS cut toward ~$1.90-$2.00 and comp guide trimmed) confirms the bear case that sell-side models (Wolfe, BofA, UBS, TD Cowen) had already flagged, but 'official' consensus (Zacks/StockStory ~$0.84 EPS, ~$4.6B revenue) still needs to catch down over the following days as analysts publish post-print model updates and further PT cuts, mechanically dragging out-period (Q3/Q4 FY26) EPS and comp estimates lower even if Q2 itself is roughly in line with the already-bearish whisper numbers. This estimate-revision drag, plus continued negative pet-category and traffic data, argues for continued downside pressure (follow-through) rather than an immediate 'kitchen-sink' relief bounce, though the magnitude of follow-through is tempered by how much bad news (40%+ decline, Strong Sell rank, $38 avg PT still above spot) is already priced in.",
  "day5_confidence": "LOW"
}