{
  "report_rows": [
    {
      "kpi": "Global comparable store sales growth (Q3 FY26)",
      "prediction": "BEAT",
      "answer": "pred ~6.7% vs. cons 5.75%",
      "confidence": "HIGH"
    },
    {
      "kpi": "Non-GAAP EPS (Q3 FY26)",
      "prediction": "BEAT",
      "answer": "pred ~$0.70 vs. cons $0.66",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Non-GAAP operating margin (Q3 FY26)",
      "prediction": "BEAT",
      "answer": "pred ~12.7% vs. cons 12.3%",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY26 global/U.S. comparable sales growth guidance",
      "prediction": "BETTER",
      "answer": "guide ~6%+ vs. cons ~5.5% (FY26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY26 non-GAAP EPS guidance",
      "prediction": "BETTER",
      "answer": "guide ~$2.40-$2.55 (mid $2.48) vs. cons $2.35 (FY26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY26 consolidated net revenue guidance (China JV deconsolidation drag)",
      "prediction": "UNCHANGED",
      "answer": "guide ~flat 0% vs. cons -0.5% (FY26)",
      "confidence": "HIGH"
    },
    {
      "kpi": "FY26 non-GAAP operating margin guidance",
      "prediction": "BETTER",
      "answer": "guide ~+40-60bps yoy vs. cons ~+20bps yoy (FY26)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": 2.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 3.0,
  "day5_path": "STABILIZE",
  "day5_rationale": "Comps/EPS/margin beat plus a comp and EPS guide raise should support an initial pop similar in direction to the ~8.5% Q2 reaction, but muted in magnitude because buy-side whisper numbers (UBS ~7% comps) already sit above the official 5.75% Street consensus and the stock is up ~25% YTD near highs, leaving less room for surprise. The China JV deconsolidation mechanically cuts headline revenue (already flagged, not a new negative), so out-period EPS/comp revisions should move up modestly on the raise without a offsetting round of consensus cuts elsewhere - net picture is a held gap rather than a strong follow-through melt-up or a fade, consistent with the flat/consolidating price action seen in the five sessions after the April Q2 print.",
  "day5_confidence": "MEDIUM"
}