{
  "report_rows": [
    {
      "kpi": "Adjusted EBITDA",
      "prediction": "BEAT",
      "answer": "pred ~$1.19B vs. cons $1.15B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "North America adjusted EBITDA",
      "prediction": "BEAT",
      "answer": "pred ~$665M vs. cons $650M",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Net sales",
      "prediction": "IN-LINE",
      "answer": "pred ~$7.96B vs. cons $7.91B",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Q3 adjusted EBITDA guidance",
      "prediction": "LOWER",
      "answer": "guide ~$1.36B vs. cons $1.42B (2026Q3)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Full-year adjusted EBITDA guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~$5.15B midpoint vs. cons $5.18B (FY2026)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": -2.7,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -4.1,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "The Q2 EBITDA beat of ~$1.19B vs. $1.15B is outweighed by Q3 guidance of ~$1.36B vs. $1.42B; the implied heavier Q4 ramp and elevated energy, freight and fiber costs drive negative out-period estimate revisions.",
  "day5_confidence": "MEDIUM"
}