{
  "report_rows": [
    {
      "kpi": "Q2 2026 Net Sales",
      "prediction": "IN-LINE",
      "answer": "pred ~$930M vs. cons ~$928M",
      "confidence": "HIGH"
    },
    {
      "kpi": "Q2 2026 Adjusted EPS",
      "prediction": "IN-LINE",
      "answer": "pred ~$1.12 vs. cons ~$1.11",
      "confidence": "HIGH"
    },
    {
      "kpi": "Q2 2026 Adjusted Operating Income",
      "prediction": "IN-LINE",
      "answer": "pred ~$235M vs. cons ~$233M",
      "confidence": "HIGH"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY2026 Sales Growth Guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~-5.5% vs. cons ~-5.5% (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2026 Adjusted EPS Guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~$4.70 vs. cons ~$4.70 (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2026 EBITDA Guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~$1,050M vs. cons ~$1,040M (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q3 2026 Pool Destocking/Sell-Through Trajectory Commentary",
      "prediction": "UNKNOWN",
      "answer": "guide ~ Pool sales decline moderating to roughly -15% to -20% vs. cons expecting a similar ~-18% decline (Q3 2026)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": 2.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 1.0,
  "day5_path": "STABILIZE",
  "day5_rationale": "With Q2 actuals and FY26 guidance already fully telegraphed on July 14 (down to specific 'approximately' figures) and Street models already reset to those numbers, there is little room for a fresh beat/miss surprise to drive a durable directional move. An initial relief bounce (confirmation of no further slippage, reaffirmed FY guide, Flow/Water in line) is plausible given the stock's deeply oversold, heavily-discounted-bad-news setup, but out-period math is unchanged \u2014 FY26 EPS still implies a mid-teens cut versus the pre-announcement baseline and Pool recovery isn't modeled until 2027 \u2014 so estimates aren't likely to move materially either way after the call. Lingering overhangs (interim CFO, securities-litigation inquiries, unresolved Pool sell-in/sell-through gap) cap upside follow-through, while the fact that the worst-case numbers are already in the tape limits further downside, netting out to a rangebound/stabilizing week rather than a strong trend in either direction.",
  "day5_confidence": "LOW"
}