{
  "report_rows": [
    {
      "kpi": "Organic net sales growth (Q2)",
      "prediction": "BEAT",
      "answer": "pred ~-3.0% vs. cons -3.5%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adjusted EPS (Q2)",
      "prediction": "BEAT",
      "answer": "pred ~$0.55 vs. cons $0.53",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adjusted EBITDA (Q2)",
      "prediction": "IN-LINE",
      "answer": "pred ~$1.29B vs. cons $1.28B",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY26 organic net sales guide",
      "prediction": "UNCHANGED",
      "answer": "guide ~-1.5% to -3.5% vs. cons -3.0% (FY2026)",
      "confidence": "HIGH"
    },
    {
      "kpi": "FY26 adjusted EPS guide",
      "prediction": "UNCHANGED",
      "answer": "guide ~$1.98-$2.10 vs. cons ~$2.04 (FY2026)",
      "confidence": "HIGH"
    },
    {
      "kpi": "FY26 constant-ccy adj. operating income guide",
      "prediction": "UNCHANGED",
      "answer": "guide ~-14% to -18% vs. cons ~-16% (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "H2 gross-margin / inflation outlook (energy, resins)",
      "prediction": "LOWER",
      "answer": "guide H2 GM pressure ramping ~-50 to -100bps vs. cons flat-to-down ~-30bps (H2 2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Mix-adjusted market-share trend",
      "prediction": "BETTER",
      "answer": "guide losing ~-25 to -30bps vs. cons ~-40bps (YTD 2026)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": 1.2,
  "day1_confidence": "LOW",
  "day5_residual_pct": 0.0,
  "day5_path": "FADE",
  "day5_rationale": "Q2 prints less-bad-than-feared (slight organic/EPS beat, reaffirmed guide, continued share-loss narrowing) driving a modest day-1 pop, but the setup weakens into the out-quarters: H2 energy/resin inflation ramps once hedges roll off after mid-Q3, implying an implicit back-half margin cut even without a headline guide trim. With the stock already +24% off March lows and popping into month-end, the bar is raised, so initial gains fade as estimates drift lower on the forward-margin math.",
  "day5_confidence": "LOW"
}