{
  "report_rows": [
    {
      "kpi": "System-wide comparable RevPAR growth",
      "prediction": "MISS",
      "answer": "pred ~2.2% vs. cons 2.5%.",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adjusted EBITDA",
      "prediction": "IN-LINE",
      "answer": "pred ~$1.028B vs. cons $1.030B.",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adjusted EPS",
      "prediction": "IN-LINE",
      "answer": "pred ~$2.23 vs. cons $2.25.",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "System-wide comparable RevPAR growth",
      "prediction": "UNCHANGED",
      "answer": "guide ~2.5% midpoint vs. cons 2.5% (FY2026).",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adjusted EBITDA",
      "prediction": "UNCHANGED",
      "answer": "guide ~$4.040B midpoint vs. cons $4.050B (FY2026).",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adjusted EPS",
      "prediction": "LOWER",
      "answer": "guide ~$8.85 midpoint vs. cons $8.90 (FY2026).",
      "confidence": "LOW"
    },
    {
      "kpi": "Net unit growth",
      "prediction": "UNCHANGED",
      "answer": "guide ~6.5% midpoint vs. cons 6.5% (FY2026).",
      "confidence": "HIGH"
    },
    {
      "kpi": "Capital return",
      "prediction": "UNCHANGED",
      "answer": "guide ~$3.50B vs. cons $3.50B (FY2026).",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": -2.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -1.0,
  "day5_path": "FADE",
  "day5_rationale": "The initial -2.5% residual selloff should fade toward -1.0% over five days: a ~2.2% RevPAR print versus 2.5% consensus is disappointing, but retained ~2.5% FY2026 RevPAR and ~$4.040B EBITDA frameworks limit out-period estimate cuts.",
  "day5_confidence": "MEDIUM"
}