{
  "report_rows": [
    {
      "kpi": "Q4 FY26 Net Sales",
      "prediction": "MISS",
      "answer": "pred ~$1.87B vs. cons $1.91B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q4 FY26 Adjusted EPS",
      "prediction": "MISS",
      "answer": "pred ~$1.58 vs. cons $1.64",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q4 FY26 Gross Margin %",
      "prediction": "MISS",
      "answer": "pred ~40.5% vs. cons ~41.0%",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY27 Organic Sales Growth Guidance",
      "prediction": "LOWER",
      "answer": "guide ~+1% vs. cons +2% (FY27)",
      "confidence": "LOW"
    },
    {
      "kpi": "FY27 Adjusted EPS Guidance",
      "prediction": "LOWER",
      "answer": "guide ~$5.75 vs. cons $5.95 (FY27)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY27 Gross Margin Expansion (bps YoY)",
      "prediction": "LOWER",
      "answer": "guide ~+100bps vs. cons +150bps (FY27)",
      "confidence": "LOW"
    },
    {
      "kpi": "GOJO Run-Rate Cost Synergy Target",
      "prediction": "UNCHANGED",
      "answer": "guide ~$50M vs. cons $50M (FY27/FY28 run-rate)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": -4.0,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -6.5,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "Q4 results already reflect management's own explicitly-quantified one-time headwinds (GOJO inventory step-up, Middle East oil cost, ERP-lap reversal), so the print itself may look roughly in-line to slightly worse, but the key swing factor is initial FY27 guidance. Given ongoing oil/commodity uncertainty, an unresolved CEO search, elevated leverage/interest expense post-GOJO, and litter/food share recovery still unproven, management is likely to frame FY27 conservatively rather than declare a clean inflection. That should trigger further sell-side FY27 EPS/margin estimate cuts in the days after the call (mirroring the post-Q3 slide from ~$96 to ~$86), producing follow-through weakness over the week rather than a snap-back, unless the CEO search is resolved or FY27 guidance materially beats the depressed bar.",
  "day5_confidence": "MEDIUM"
}