Foot Locker Inc. (NYSE: FL) stock surged 5.53% in pre-market trading on Wednesday, following the release of its better-than-expected fourth quarter earnings results for fiscal 2024. The athletic footwear and apparel retailer posted an adjusted earnings per share (EPS) of $0.86 for the quarter, exceeding analyst estimates.

The company's solid earnings performance in the crucial holiday quarter appears to have fueled investor optimism, driving Foot Locker's shares higher in pre-market trading. Foot Locker reported quarterly sales of $2.24 billion, and provided full-year adjusted EPS guidance in the range of $1.35 to $1.65.

Analysts and investors will be closely monitoring Foot Locker's earnings call later today for further insights into the company's performance and outlook. The retailer's ability to navigate supply chain challenges and capitalize on consumer demand for athletic apparel and footwear will be key factors influencing its future stock performance.