Shoe Carnival Unveils $50 Million Stock Repurchase Plan and Declares Dividend
New Share Repurchase Program: Shoe Carnival, Inc. announced a new share repurchase program for up to $50 million, effective from January 1, 2026, replacing the existing program set to expire on December 31, 2025.
Dividend Announcement: The company's Board of Directors approved a dividend of $0.15 per share, payable on January 26, 2026, to shareholders of record as of January 12.
Stock Performance: Following the announcement, Shoe Carnival shares rose more than 3% in pre-market trading after closing at $18.39 on Thursday.
Disclaimer: The views expressed in the article are those of the author and do not necessarily reflect those of Nasdaq, Inc.
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Top Rated Consumer Discretionary Stocks: The article highlights top-rated Consumer Discretionary stocks according to Validea's Value Investor model, which is based on Benjamin Graham's deep value methodology focusing on low P/B and P/E ratios, low debt, and solid long-term earnings growth.
Shoe Carnival Inc (SCVL): Shoe Carnival is a family footwear retailer with a 100% rating based on its fundamentals and valuation, operating approximately 431 stores across the U.S. and Puerto Rico, offering a wide range of branded footwear.
Carter's Inc (CRI): Carter's, a marketer of children's apparel, also received a 100% rating based on its fundamentals and valuation, with operations in the U.S., Canada, and Mexico, selling products through retail stores and e-commerce platforms.
Stride Inc (LRN) and Lennar Corp (LEN): Stride, a mid-cap value stock in the education sector, has an 86% rating, while Lennar, a large-cap homebuilder, has a 71% rating, both evaluated based on their underlying fundamentals and stock valuations.
- Quarterly Dividend: Shoe Carnival's Board of Directors has approved a quarterly cash dividend of $0.15 per share, payable on January 26, 2026, reflecting the company's ongoing commitment to shareholder returns while maintaining a debt-free balance sheet.
- Share Repurchase Program: The newly authorized $50 million share repurchase program, effective January 1, 2026, replaces an existing program of the same amount, aimed at enhancing shareholder value through strategic buybacks.
- Strategic Execution: CEO Mark Worden noted that the 55th consecutive dividend and new repurchase authorization demonstrate the company's ability to execute its
New Share Repurchase Program: Shoe Carnival, Inc. announced a new share repurchase program for up to $50 million, effective from January 1, 2026, replacing the existing program set to expire on December 31, 2025.
Dividend Announcement: The company's Board of Directors approved a dividend of $0.15 per share, payable on January 26, 2026, to shareholders of record as of January 12.
Stock Performance: Following the announcement, Shoe Carnival shares rose more than 3% in pre-market trading after closing at $18.39 on Thursday.
Disclaimer: The views expressed in the article are those of the author and do not necessarily reflect those of Nasdaq, Inc.
- Index Adjustments: The S&P 500 will add six companies, including CRH, Carvana, and Comfort Systems USA, effective December 22, 2025, aiming to enhance the index's representation of market capitalization ranges, thereby increasing its investment appeal.
- Small-Cap Changes: The S&P SmallCap 600 will remove several companies, such as SPX Technologies and Dycom Industries, indicating these firms no longer represent the small-cap market, which may influence asset allocation strategies for investors.
- Mid-Cap Updates: The S&P MidCap 400 will add companies like UL Solutions and Pinterest, enhancing its representation in the industrial and communication services sectors, potentially attracting more mid-cap investors.
- Market Impact: These adjustments will affect investment portfolios across multiple sectors, particularly in materials and consumer goods, prompting investors to monitor the potential implications for market liquidity and sector performance.
- Index Adjustments: The S&P 500 will add CRH, Carvana, and Comfort Systems USA on December 22, 2025, reflecting changes in market capitalization and enhancing the index's representativeness.
- Small-Cap Changes: The S&P SmallCap 600 will remove LKQ, Solstice Advanced Materials, and Mohawk Industries, indicating these companies no longer meet small-cap market standards.
- Mid-Cap Updates: The S&P MidCap 400 will add UL Solutions, Pinterest, and Booz Allen Hamilton, aiming to improve mid-cap market performance and investment appeal.
- Market Impact: These adjustments will likely increase investor attention on the affected companies, potentially leading to stock price volatility and reflecting dynamic changes in the small and mid-cap markets.

Third Quarter Performance: Shoe Carnival reported third-quarter net sales of $297.2 million and EPS of $0.53, exceeding expectations, with Shoe Station showing a 5.3% sales increase while Shoe Carnival's sales declined by 5.2%.
One Banner Strategy Update: The company is transitioning to operate primarily under the Shoe Station brand, aiming for over 90% of its stores to be rebranded by the end of Fiscal 2028, which is expected to unlock $20 million in annual savings and $100 million in working capital.
Fiscal 2025 Outlook: Shoe Carnival reaffirmed its net sales outlook for Fiscal 2025 and updated its EPS forecast to a range of $1.80 to $2.10, reflecting strong third-quarter results and ongoing rebanner execution.
Financial Health: The company ended the quarter debt-free with $107.7 million in cash and marketable securities, continuing to self-fund operations and growth investments from operating cash flow.






