“On the domestic side, that's what Michael was commenting on earlier because fuel prices are lower than where they were at least this time last year. And based on our contracted rates, we should see some slight benefit throughout the year on the domestic side.”

In context

“nk to answering your question earlier, you had said that you expect freight to be a benefit this year but less so than in '23. Were you referring to domestic freight specifically? Are you talking to freight, including ocean freight within the merchandise margin loan? Michael Hartshorn: In that one, I was talking about domestic freight, but I'll let Adam take it to speak on this. Adam Orvos: Ike, this is Adam. So on the ocean freight side, we'll get a little bit of benefit in Q1, but kind of negligible over the course of the year. Obviously, this is going to be dependent on how the situation plays out in the Suez Canal. And the duration of that conflict if anything changes. But I would also say that impacts a very small portion of our freight, yet we're closely monitoring that situation. On the domestic side, that's what Michael was commenting on earlier because fuel prices are lower than where they were at least this time last year. And based on our contracted rates, we should see some slight benefit throughout the year on the domestic side. Irwin Boruchow: Got it. So slight benefits throughout the year on domestic. Adam, just based on the line of sight you have, is there any point in this year where ocean freight should flip to -- from a tailwind to a headwind? Or is it just kind of like flattening out for you guys? Adam Orvos: We'll have to see how that conflict plays out is probably the biggest variable hike. We have a fairly good line of sight other than that variable that we can't control. Operator: And the next question comes from the line of Simeon Siegel with BMO Capital Markets. Simeon Siegel: Nice job. Sorry, if I missed it, but did you talk about whether any of the transaction -- the traffic increases, are you seeing any trade down benefit? And then probably a dumb question, but does the sharply priced brands i”