Shoe Carnival board authorizes $50M share repurchase program

Shoe Carnival announced that its Board of Directors authorized a new share repurchase program for up to $50 million of its outstanding common stock, effective January 1, 2024 The new share repurchase program will replace an existing $50 million share repurchase program that was authorized on December 14, 2022, and will expire in accordance with its terms on December 31, 2023. Additional purchases may be made under the existing share repurchase program prior to its expiration.