{
  "report_rows": [
    {
      "kpi": "Organic net revenue growth",
      "prediction": "BEAT",
      "answer": "pred ~+2.5% vs. cons ~+1%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adjusted EPS",
      "prediction": "BEAT",
      "answer": "pred ~$0.71 vs. cons ~$0.68",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Volume/mix (organic)",
      "prediction": "MISS",
      "answer": "pred ~-1.0% vs. cons ~0%",
      "confidence": "LOW"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY2026 Adjusted EPS growth (cc)",
      "prediction": "UNCHANGED",
      "answer": "guide reaffirm flat-to-+5% cc (~+2%) vs. cons ~+2% (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2026 organic net revenue growth",
      "prediction": "UNCHANGED",
      "answer": "guide reaffirm flat-to-+2% (~+1.5%) vs. cons ~+1.5% (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "H2 EPS inflection / cocoa deflation into gross margin",
      "prediction": "UNKNOWN",
      "answer": "guide cocoa ~$2,300-2,500/t vs. cons ~$2,500/t (H2 2026)",
      "confidence": "LOW"
    },
    {
      "kpi": "Dividend per share (mid-year hike)",
      "prediction": "BETTER",
      "answer": "guide ~$0.53 (+6%) vs. prior $0.50 (Q3 2026)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": -1.5,
  "day1_confidence": "LOW",
  "day5_residual_pct": -3.0,
  "day5_path": "FADE",
  "day5_rationale": "Even with a modest headline organic/EPS beat, the print is a transition quarter with EPS still down YoY and soft volume/mix. The flat-to-+5% FY EPS target implies a very steep H2 hockey stick off a ~15%-down H1; a reaffirm-and-reinvest (no raise) plus continued volume erosion validates skepticism on the out-period math. Out-year (2027) estimates get trimmed on reinvestment and cautious cocoa/consumer commentary, so an initial pop fades and the residual drifts lower over the week in a weak staples tape.",
  "day5_confidence": "LOW"
}