Operator

Good morning, everyone. Welcome to Reitmans Canada Limited's Fiscal 2027 First Quarter Earnings Call. [Operator Instructions]

Before turning the call over to management, listeners are reminded that today's call may contain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on such statements. Certain material factors or assumptions are applied in making forward-looking statements, and actual results may differ materially from those expressed or implied in such statements. For additional information, please refer to the disclaimers in the forward-looking statements section of the company's press release and MD&A for the quarter. Reitmans Canada Limited does not undertake to update any forward-looking statements. Such statements speak only as of the date made.

I would now like to turn the meeting over to Andrea Limbardi, President and CEO of Reitmans Canada Limited. Please go ahead, Ms. Limbardi.

Andrea Limbardi
President, CEO & Director

Thank you. Good morning, everyone. Joining me on the call today is Caroline Goulian, RCL's Chief Financial Officer.

Yesterday afternoon, we reported our financial results for the first quarter ended May 2, 2026. Our news release, financial statements and MD&A are available on our website and have been filed on SEDAR+. A slide presentation for today's call is available on the Events and Presentations page of our website under the Financial and News heading.

If you have the presentation open, we'll get started on Slide 4. RCL operates 3 distinct brands, each with a clear and differentiated value proposition. At the end of the first quarter, our footprint included 217 Reitmans stores, 85 RW&CO locations and 85 PENN. stores. Together with our