{
  "report_rows": [
    {
      "kpi": "Adj. Diluted EPS (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~$1.53 vs. cons $1.495",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Smokeable Net Revenue (Q2 2026)",
      "prediction": "IN-LINE",
      "answer": "pred ~$4.65B vs. cons $4.624B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Smokeable OCI Margin (Q2 2026)",
      "prediction": "IN-LINE",
      "answer": "pred ~65.3% vs. cons ~64.9%",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY 2026 Adj. EPS (FY 2026)",
      "prediction": "LOWER",
      "answer": "guide midpoint ~$5.64 vs. cons $5.715",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": -2.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -3.5,
  "day5_path": "FADE",
  "day5_rationale": "FADE \u2014 implied H2 cut pulls estimates lower post-print; DTC bid fades after day 1",
  "day5_confidence": "MEDIUM"
}