{
  "report_rows": [
    {
      "kpi": "Adjusted EPS",
      "prediction": "BEAT",
      "answer": "pred ~$2.30 vs. cons $2.276",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "System-wide RevPAR growth",
      "prediction": "MISS",
      "answer": "pred ~3.20% vs. cons 3.38%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adjusted EBITDA",
      "prediction": "IN-LINE",
      "answer": "pred ~$1.045B vs. cons $1.039B",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY2026 Adjusted EPS",
      "prediction": "LOWER",
      "answer": "guide ~$8.79-$8.91 vs. cons $8.985",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2026 System-wide RevPAR growth",
      "prediction": "LOWER",
      "answer": "guide ~2.0%-3.0% vs. cons 2.79%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2026 Adjusted EBITDA",
      "prediction": "UNCHANGED",
      "answer": "guide ~$4.020B-$4.060B vs. cons $4.054B",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": -2.0,
  "day1_confidence": "LOW",
  "day5_residual_pct": -3.5,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "FOLLOW-THROUGH \u2014 RevPAR miss and below-consensus FY guide pressure forward estimates",
  "day5_confidence": "LOW"
}