{
  "report_rows": [
    {
      "kpi": "Comparable sales",
      "prediction": "BEAT",
      "answer": "pred ~+1.8% vs. cons +1.3%",
      "confidence": "LOW"
    },
    {
      "kpi": "Restaurant-level margin",
      "prediction": "MISS",
      "answer": "pred ~24.4% vs. cons ~25.0%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adjusted EPS",
      "prediction": "IN-LINE",
      "answer": "pred ~$0.32 vs. cons $0.32",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY2026 comparable sales framework",
      "prediction": "UNCHANGED",
      "answer": "guide ~flat/0% vs. cons ~+0.9% (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2026 new restaurant openings",
      "prediction": "UNCHANGED",
      "answer": "guide 350-370 vs. cons ~360 (FY2026)",
      "confidence": "HIGH"
    },
    {
      "kpi": "2H margin cadence (does pressure ease in Q4)",
      "prediction": "UNKNOWN",
      "answer": "guide ~25% 2H restaurant margin vs. cons ~25.5% (FY2026)",
      "confidence": "LOW"
    },
    {
      "kpi": "Transaction growth trajectory",
      "prediction": "BETTER",
      "answer": "guide ~+1% transactions vs. cons ~+0.7% (Q2/2H 2026)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": -3.5,
  "day1_confidence": "LOW",
  "day5_residual_pct": -5.5,
  "day5_path": "FADE",
  "day5_rationale": "Even if comp/transactions modestly beat the low ~1.3% bar (lapping -4.0%), the debate is margin: a restaurant-margin miss (~24.4% vs ~25%) plus a maintained 'about flat' FY guide after two positive quarters implies 2H deceleration/continued pricing-below-inflation. Out-period math forces analysts to trim EPS despite the comp inflection, and sentiment is fragile after a ~17% bounce off June lows into the print. Expect an initial mixed-to-negative reaction that fades further over 5 days as estimate revisions skew down and the 'show-me' crowd stays sidelined absent a credible Q4 margin-inflection message.",
  "day5_confidence": "LOW"
}