Canadian Tire Corporation, Limited

Thank you for standing by. My name is Rivka and I'll be your conference operator today. Welcome to the Canadian Tire 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'd like to ask a question, simply press star 11 on your telephone keypad. To withdraw your question, please press star 11 again. Now I will pass along to Karen Keyes, Head of Investor Relations for Canadian Tire Corporation. Karen?

Thank you, Rivka, and good morning, everyone. Welcome to Canadian Tire Corporation's second quarter 2026 results conference call. With me today are President and CEO Greg Hicks, Executive Vice President and CFO Darren Myers, and Executive Vice President and Chief Operating Officer TJ Flood. 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 TrueNorth 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 isn't necessarily subject to a number of risks, uncertainties, and other factors that could cause actual results from those expressed or implied in such forward-looking information. For information on material risks, uncertainties, factors, and assumptions, please see the company's MD&A, which is 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 required by applicable securities laws. I'd also like to highlight that because last year had 53 weeks, comparable sales for Q2 are presented on a shifted basis, comparing weeks 14 to 26 of this year to weeks 15 to 27 of last year. After our remarks today, the team will be happy to take your questions. We'll try to get in as many questions as possible, but ask that you limit your time to one question plus a follow-up before cycling back into the queue, and please contact Investor Relations if we don't get through all the questions today. With that, I'll turn the call over to Greg. Greg?

Thank you, Karen, and good morning, everyone. The agility and discipline of our team continued to be tested in Q2 in an operating environment that was substantially similar to Q1. Yet again, we faced uncooperative weather with CTR hampered by wet spring and summer days, and consumer sentiment remained soft. Ultimately, we demonstrated our ability to deliver for discerning customers and achieve strong financial results. Consolidated retail sales increased while EPS jumped 10%, coming in at $3.94. Importantly, we advanced in areas that matter to us strategically as we build a stronger retail system. With growth in loyalty, digital and new concept stores all outpacing our broader retail sales. Both Marks and SportCheck delivered impressive comp sales. Amplified by new and modern stores that are outperforming on all metrics and benefiting as Triangle Loyalty members move around our enterprise retail system. Marks grew with existing and new customers with NPS and sales up including a record Father's Day. And our World Cup fan gear performance proved once again that SportCheck is the undisputed destination for athletes and enthusiasts. with one store manager literally selling the Canada jersey right off his back.