{
  "report_rows": [
    {
      "kpi": "Total Revenue (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~$4.98B vs. cons ~$4.955B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Diluted EPS (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~$11.45 vs. cons ~$11.29",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Total Company Operating Margin (Q2 2026)",
      "prediction": "MISS",
      "answer": "pred ~15.2% vs. cons ~15.5%",
      "confidence": "LOW"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY2026 Diluted EPS Guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~$44.25-46.25 (mid ~$45.25) vs. cons ~$45.60 (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2026 Daily Organic Constant-Currency Sales Growth Guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~9.5%-12% (mid ~10.75%) vs. cons ~10.5% (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q3 2026 Operating Margin Commentary/Trajectory",
      "prediction": "LOWER",
      "answer": "guide ~15.0%-15.5% vs. cons ~15.6% (Q3 2026)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": -2.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -4.0,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "Stock enters the print near 52-week highs at ~30x forward EPS (vs. ~22x five-year median) after an 18% run since the Q1 blowout, so even a modest beat is unlikely to satisfy a bar already raised by management's own Q2 guide (north of $4.9B, low-15% margin). If EPS/revenue beat only modestly (vs. Q1's 14% EPS beat) and full-year guidance is merely reaffirmed rather than raised again, implied out-quarter estimates get squeezed (margin step-down normalizing through H2, fuel/private-label cost drag persisting, tougher H2 comps), pulling consensus estimates down even off a headline beat. The last-minute CFO resignation adds a governance overhang on messaging continuity for H2 framework, reinforcing sell-side caution. Net effect: an initial negative/muted reaction likely extends over the following days as analysts trim numbers and re-rate the multiple lower rather than reversing higher.",
  "day5_confidence": "MEDIUM"
}