Designer Brands Inc Q4 2024 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Mauricio Serna Vega - UBS Group AG - Analyst : Just wanted to hear -- could you tell us a little bit more on the quarter -- the fourth quarter? How much did you see of athleisure growth? And maybe comment a little bit what you saw in terms of Nike's performance in DSW as you lap the brand's return at this point? And then maybe could you elaborate on, I think, I mean you mentioned that you expect first quarter sales to be down versus last year. Any details on what you're seeing

Question: Mauricio Serna Vega - UBS Group AG - Analyst : Understood. And then just could you give us a sense of how you're thinking about gross margin for the year and SG&A dollar growth? I'm particularly interested, could you maybe explain a little bit more, too, about the promotional strategy. Look -- so I'm having a little bit of a hard time understanding is like you're going to be more promotional or less promotional? Just trying to understand that. And I guess, the implication for gross margin and SG&A dollar growth.

Question: Mauricio Serna Vega - UBS Group AG - Analyst : Got it. So I guess like if I take that into consideration, like it seems like the midpoint of the revenue guidance kind of implies like maybe just modest operating margin expansion. Is that the right way to think about it?