Canadian Tire Corporation, Limited

Thank you for standing by. My name is Livia and I'll be your conference operator for today. Welcome to the Canadian TAC Corporation earnings call. All lines have been placed on mute to prevent any background noise. Following today's presentation, there will be a question and answer period. If you would like to ask a question, simply press star 1-1 on your telephone keypad. To withdraw your question, please press star 1-1 again. Now, I will pass along to Karen Keyes Head of Installations for Canadian Tire Corporation. Karen?

Thank you, Livia. Good morning, everyone. Welcome to Canadian Tire Corporation's fourth quarter and full year 2025 results conference call. With me today are our President and CEO, Greg Hicks, and Executive Vice President and CFO, Darren Myers. Before we begin, I'd like to remind you that today's discussion contains information that may constitute forward-looking information within the meaning of applicable securities laws, including management's current expectations regarding future events and the company's True North strategy. Although the company believes that the forward-looking information in today's discussion is based on information, estimates, and assumptions that are reasonable, such information is necessarily subject to a number of risks, uncertainties, and other factors that could cause actual results differ materially from those expressed or implied in such forward-looking information. For information on these material risks, uncertainties, factors, and assumptions, please see the company's MD&A, available on our website and filed on CDAR+. The company does not undertake to update any forward-looking information, whether written or oral, except as is required by implicit laws. I would also highlight that our discussion today will focus mainly on the normalized results of the business on a continuing operations basis. Within our financial results, Helly Hansen has been presented as discontinued operations since the sale of the business completed on May 31st, 2025. To help you bridge the results to reported numbers, please consult slides five and six of our quarterly earnings deck, which can be found on our website. By way of a reminder, we would also highlight that the fourth quarter and full year 2025 results include one additional week of retail operations compared to the fourth quarter and full year 2024 results. With the exception of comparable sales growth, comparisons include the additional week in 2025. After our remarks today, the team will be happy to take questions. We will try and get in as many questions as possible this morning, but we ask that you limit your time to one question plus a follow-up before cycling back into the queue. And we welcome you to contact Investor Relations if we don't get through all the questions today. And with that, I'll hand the call over to Greg.

Thank you, Karen, and good morning, everyone.