The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Anthony Lebiedzinski - Sidoti & Company LLC - Analyst
: Thank you and good morning, everyone and thanks for taking the questions. So yeah thanks yeah good morning yeah thanks for sharing some of
the color about the traffic trends, and, just curious if you could provide maybe more details as so, maybe put some numbers as far as what you saw
in the monthly trends, either for written sales or delivered sales, however you want to address those just curious to get, comments on that.
Question: Anthony Lebiedzinski - Sidoti & Company LLC - Analyst
: Gotcha. All right, that's definitely reassuring and has any of this positive momentum carried over into the first quarter, or if you, I don't know if you
can comment on President's Day holiday, which is an important holiday for Haverty.
Question: Anthony Lebiedzinski - Sidoti & Company LLC - Analyst
: All right, I figured I would try, but all right, and then, just in terms of, regional differences, did you see much in in the fourth quarter, much variation,
or was it consistent also throughout the poverty operating area?
Question: Anthony Lebiedzinski - Sidoti & Company LLC - Analyst
: All right, thanks Steve, and you know my last question before I pass it on to others. So in terms of your gross margin guidance you mentioned
product and freight costs, can you expand on that and also share with us what you're thinking as far as, what the potential impact from tariffs might
be?
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FEBRUARY 25, 2025 / 3:00PM, HVT.N - Q4 2024 Haverty Furniture Companies Inc Earnings Call
Question: Anthony Lebiedzinski - Sidoti & Company LLC - Analyst
: Understood. Well, thank you very much and best of luck.
Question: Cristina Fernandez - Telsey Advisory Group - Analyst
: Thank you and good morning, everyone. I wanted to see if you could talk more about the demand environment you expect in 2025, it's positive
to see traffic improved and the sequential improvement through the fourth quarter, but at the same time you talked about, higher mortgage rates
and the impact that's having on affordability, so.
I guess based on what you've seen, in the fourth quarter and to date I guess how are you thinking about the demand environment for 2025?
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FEBRUARY 25, 2025 / 3:00PM, HVT.N - Q4 2024 Haverty Furniture Companies Inc Earnings Call
Question: Cristina Fernandez - Telsey Advisory Group - Analyst
: Yeah.
That that's helpful and if you think about capitalizing on that traffic increase, what's the biggest challenge is it, I guess it conversion that's really, I
guess preventing from translating more of that traffic increase into orders.
Question: Cristina Fernandez - Telsey Advisory Group - Analyst
: And then my last question is on the fixed SGNA guidance, it's about a 4% increase year by year. So could you give more details about what's driving
that, I guess what are the buckets that you're seeing inflation and how many stores you plan to open this year.
Question: Cristina Fernandez - Telsey Advisory Group - Analyst
: Thank you.
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