Shoe Carnival announces new $50M share repurchase plan

The company’s board of directors authorized a new share repurchase program for up to $50M of its outstanding common stock, effective January 1, 2025. The new share repurchase program will replace an existing $50M share repurchase program that was authorized on December 14, 2023, and will expire in accordance with its terms on December 31, 2024. Additional purchases may be made under the existing share repurchase program prior to its expiration.