Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Pizza Pizza Royalty Corp.'s Earnings Call for the First Quarter of 2026. [Operator Instructions] As a reminder, this conference is being recorded on May 1, 2026.

I will now turn the call over to Christine D'Sylva, CFO. Please go ahead.

Christine D'Sylva
Chief Financial Officer of PPL

Thank you. Good afternoon, everyone, and welcome to Pizza Pizza Royalty Corp.'s Earnings Call for the First Quarter ended March 31, 2026. Joining me on the call today is Pizza Pizza Limited's President and Chief Executive Officer, Paul Goddard.

Just a quick note, our discussion today will contain forward-looking statements that may involve risks relating to future events. Actual events may differ materially from the projections discussed today. All forward-looking statements should be considered in conjunction with our cautionary language in the earnings press release and the risk factors included in our annual information form. Please refer to our earnings press release and the MD&A in the Investor Relations section of our website for a full reconciliation of other disclosures related to non-IFRS measures mentioned on this call. As a reminder, analysts are welcome to ask questions after the prepared remarks. Portfolio managers, media and shareholders can contact us after the call.

I'll now turn the call over to Paul for a business update.

Paul Goddard
President & CEO, Pizza Pizza Limited

Thank you, Christine, and good afternoon, everyone. We appreciate you joining our call. This afternoon, we released our results for the First Quarter of 2026, which you can find