{
  "report_rows": [
    {
      "kpi": "Q1 FY27 Revenue",
      "prediction": "BEAT",
      "answer": "pred ~$1.90B vs. cons $1.86B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q1 FY27 Adjusted EPS",
      "prediction": "BEAT",
      "answer": "pred ~$4.45 vs. cons $4.26",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q1 FY27 Adjusted Operating Margin",
      "prediction": "BEAT",
      "answer": "pred ~18.7% vs. cons 18.3%",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY2027 Constant-Currency Revenue Growth Guide",
      "prediction": "BETTER",
      "answer": "guide ~5.5-6.0% CC vs. cons ~5.5% CC (FY2027, initial guide was 4-5% CC)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2027 Operating Margin Expansion Guide (bps CC)",
      "prediction": "BETTER",
      "answer": "guide ~60-80bps CC vs. cons ~55bps CC (FY2027, initial guide was 40-60bps)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q2 FY2027 Revenue Growth Guide (CC)",
      "prediction": "UNCHANGED",
      "answer": "guide ~mid-to-high single digit (~6.5%) vs. cons ~7.0% (Q2 FY2027)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "H2 FY2027 Tariff Rate Assumption / Gross Margin Headwind",
      "prediction": "UNCHANGED",
      "answer": "guide reiterates ~10% current tariff rate stepping up vs. cons modeling ~12% average H2 rate (H2 FY2027)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": 3.0,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 4.5,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "RL's Q1 guide (mid-to-high single digit CC revenue, +80-120bps op margin) is conservative relative to its own multi-quarter beat streak, and Q1 is the seasonally favorable half (lower 10% tariff rate, AUR still running above the 'normalized' mid-single-digit FY guide). A clean top/bottom-line beat should prompt sell-side to nudge FY27 revenue/margin algo modestly higher (from 4-5%/40-60bps toward 5.5-6%/60-80bps), supporting continued buying over the week. Risk to fade: any explicit confirmation of H2 tariff step-up above 10% or incremental Europe softness (Middle East/tourism) could cap the move or reverse gains late in the window, as happened in Aug-2025's Q1 print where a beat-and-raise still saw a sharp day-1 drop before partially recovering \u2014 hence only LOW-MEDIUM conviction on full follow-through.",
  "day5_confidence": "LOW"
}