J Sainsbury plc

business. We don't know how long the conflict in the Middle East will last and there is a very wide range of potential impacts on supply chains, costs and ultimately customers. But we are well placed to navigate the year ahead and I am confident that through doing the right thing for our customers, our colleagues and our suppliers and farmers, we will continue to outperform the grocery market, strengthen our business and deliver long-term value creation. Thank you for your time. Bernard and I will now take your questions.

Hello and welcome to the Sainsbury's 2025-26 Preliminary Results Announcement Analyst Q&A call. On the call this morning is Simon Roberts, Chief Executive, and Blon Edbergin, Chief Financial Officer. We will now go to Q&A. If you'd like to ask a question, please use the raise hand feature at the bottom of your screen. Alternatively, if you've dialed in, please press star nine on your handset now. We will pause for a moment to allow questioners to enter the queue. The first question is from Sophie at Open Exchange. Please unmute yourself and begin with your question.

Good morning. What's your favourite colour? What's your favourite colour? That's my question.