{
  "report_rows": [
    {
      "kpi": "U.S. Comparable Sales (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~+1.5% vs. cons +0.76% (VA, Aug 3 2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "U.S. Company-Operated Restaurant Margin (Q2 2026)",
      "prediction": "MISS",
      "answer": "pred ~11.2% vs. cons 11.44% (VA, Aug 3 2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Operating EPS (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~$3.40 vs. cons $3.32 (VA, Aug 3 2026)",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Operating EPS (FY 2026)",
      "prediction": "UNCHANGED",
      "answer": "guide ~$12.91 reaffirm vs. cons $12.91; implied H2 $6.68 vs. H2 cons $6.36 \u2014 mild implicit raise",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "U.S. Comparable Sales \u2014 Q3 tone (Q3 2026)",
      "prediction": "UNCHANGED",
      "answer": "guide +1-2% cautious vs. implied cons ~+1.5%; food safety industry caution flagged",
      "confidence": "LOW"
    },
    {
      "kpi": "Refranchising / McOpCo update (FY 2026)",
      "prediction": "UNCHANGED",
      "answer": "no pre-announcement; Sept Investor Day held as venue; mild negative tone vs. elevated expectations",
      "confidence": "HIGH"
    }
  ],
  "day1_residual_pct": 2.0,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 2.5,
  "day5_path": "STABILIZE",
  "day5_rationale": "STABILIZE \u2014 out-period math mildly positive (FY reaffirm implies H2 above cons $6.36); U.S. margin miss offsets; rising-but-low short base provides minor bid on cover",
  "day5_confidence": "MEDIUM"
}