Just saw Genesco posted their Q4 numbers and honestly the guidance they're giving for next year caught my attention. They're projecting adjusted EPS between $1.90 and $2.30, which when you break down the eps formula basically means earnings per share after adjusting for one-time items. The interesting part is they're expecting sales to be basically flat or down slightly, but comparable store sales could grow 1-2 percent. That's actually pretty solid if they can pull it off.

Stock's already up like 9.5% in premarket, sitting around $28.50. I get why people are excited - the guidance suggests they're managing costs well even if top-line growth is muted. The comparable sales growth is the real metric to watch though, since that strips out store openings and closures and shows if they're actually selling more to customers.

Not sure if this holds through the day or if it's just the initial pop. But for a specialty retailer in this environment, maintaining that kind of margin while keeping comps positive is worth paying attention to. Anyone else watching this one?