Shoe Carnival Board Approves New $50M Stock Buyback

Dow Jones

12 Dec 2024

By Colin Kellaher

Shoe Carnival's board has approved a new $50 million share-repurchase program.

The Evansville, Ill., footwear retailer on Thursday said the new program, which is effective Jan. 1, replaces its current $50 million buyback that it set to expire at the end of the year.

Shoe Carnival, which had nearly 27.2 million shares outstanding as of Dec. 4 and sports a market capitalization of about $968.5 million, didn't buy back any stock during the first nine months of its current fiscal year.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

December 12, 2024 06:26 ET (11:26 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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