Operator

Good morning, ladies and gentlemen, and welcome to the Loblaw Companies Limited 2026 First Quarter Results Conference Call. This call is being recorded on Wednesday, May 6, 2026. [Operator Instructions]. I would now like to turn the conference over to Roy MacDonald, Vice President, Investor Relations.

Roy MacDonald
Vice President of Investor Relations

Great. Thanks very much, Colby, and good morning, everybody. Welcome to the Loblaw Companies Limited First Quarter 2026 Results Conference Call. As usual, I'm joined this morning by Per Bank, our President and CEO, and by Richard Dufresne, our CFO.

And before we begin, I want to remind you that today's discussion will include forward-looking statements, which may include, but are not limited to, statements with respect to Loblaw's anticipated future results. These statements are based on assumptions and reflect management's current expectations, as such, are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from expectations. These risks and uncertainties are discussed in the company's materials filed with the Canadian securities regulators. Any forward-looking statements speak only of the date they are made and the company disclaims any intention or obligation to update or revise any forward-looking statements, whether