{
  "report_rows": [
    {
      "kpi": "Gross Margin %",
      "prediction": "BEAT",
      "answer": "pred ~74.5% vs. cons ~73.3%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Asia CC SSS %",
      "prediction": "BEAT",
      "answer": "pred ~+14-16% vs. cons +11.3%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "NA Retail CC SSS %",
      "prediction": "BEAT",
      "answer": "pred ~+8-10% vs. cons +6.8%",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "CC Revenue Growth (FY27)",
      "prediction": "UNCHANGED",
      "answer": "guide ~+4-5% CC vs. cons $8.63B",
      "confidence": "HIGH"
    },
    {
      "kpi": "Operating Margin (FY27)",
      "prediction": "UNCHANGED",
      "answer": "guide +40-60bps vs. cons ~16.7%",
      "confidence": "HIGH"
    },
    {
      "kpi": "Europe tone (qualitative)",
      "prediction": "UNCHANGED",
      "answer": "measured/cautious, no upgrade vs. current low-to-mid single digit growth guide",
      "confidence": "HIGH"
    }
  ],
  "day1_residual_pct": 2.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -1.5,
  "day5_path": "FADE",
  "day5_rationale": "FADE -- beat absorbed day-1, FY guide maintained pulls estimates flat-to-down, 5-day drift negative as sell-side models implied Q2",
  "day5_confidence": "MEDIUM"
}