Shares of Caleres Inc (CAL) are surging 5.55% in pre-market trading on Thursday following the company's release of its fourth quarter and full year 2024 financial results. The footwear retailer and wholesaler demonstrated resilience in a challenging market, beating earnings expectations despite falling short on revenue.

Caleres reported adjusted earnings per share of $0.33 for the fourth quarter, significantly outperforming the analyst consensus estimate of $0.24. This represents a 37.5% beat, showcasing the company's ability to maintain profitability even in the face of headwinds. However, quarterly sales came in at $639.23 million, missing the estimated $653.86 million by 2.24%.

For the full year 2024, Caleres achieved adjusted earnings per share of $3.30, demonstrating the company's ability to navigate a complex retail environment. Looking ahead, the company provided guidance for fiscal year 2025, projecting earnings per share in the range of $2.80 to $3.20 and net sales to be down 1% to up 1% compared to 2024. This outlook, while slightly conservative, suggests that Caleres expects to maintain profitability in the coming year, which appears to be reassuring investors.

The market's positive reaction to Caleres' results underscores investor confidence in the company's operational efficiency and ability to deliver earnings growth despite top-line challenges. As the retail landscape continues to evolve, Caleres' performance indicates its adaptability and resilience in managing costs and driving profitability.