Shoe Carnival (NASDAQ: SCVL) okays $50M repurchase plan and cash dividend

Rhea-AI Filing Summary

Shoe Carnival, Inc. approved a new share repurchase program for up to $50 million of its outstanding common stock, effective January 1, 2026 and running through December 31, 2026. Purchases may be made in the open market or through privately negotiated transactions and may also be executed under a Rule 10b5-1 plan, and the program can be amended, suspended or discontinued at any time.

The new authorization will replace the existing $50 million repurchase program that expires on December 31, 2025, although additional shares may still be bought under the current plan before it ends. The Board also approved a quarterly cash dividend of $0.15 per share, payable on January 26, 2026 to shareholders of record as of the close of business on January 12, 2026, signaling continued cash returns to shareholders.

Insights

Equity capital allocation analyst

Shoe Carnival extends a $50M buyback program and maintains a $0.15 dividend, supporting ongoing capital returns.

Shoe Carnival authorized a new share repurchase program for up to $50 million of common stock from January 1, 2026 through December 31, 2026. This replaces an existing $50 million program that runs through December 31, 2025, effectively continuing the same headline capacity for buybacks rather than expanding it.

The company can execute repurchases in the open market, via privately negotiated deals, or under a Rule 10b5-1 plan, giving flexibility to operate during blackout periods. The program is explicitly described as amendable, suspendable, or cancelable at any time, and the actual number of shares bought will depend on the stock price and broader market and economic factors.

The Board also declared a quarterly cash dividend of $0.15 per share, payable on January 26, 2026 to shareholders of record on January 12, 2026, indicating a continued pattern of cash distributions. While the filing does not quantify the dividend relative to earnings or cash flows, it confirms that regular shareholder payouts are being maintained alongside repurchases.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 12, 2025 (December 10, 2025)

SHOE CARNIVAL, INC.

(Exact name of Registrant as Specified in Its Charter)

Indiana	0-21360	35-1736614
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)
1800 Innovation Point, 5th Floor Fort Mill, SC		29715
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s Telephone Number, Including Area Code: (803) 650-4600

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.01 per share		SCVL		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events.

On December 10, 2025, the Board of Directors of Shoe Carnival, Inc. (the "Company") authorized a new share repurchase program for up to $50 million of its outstanding common stock, effective January 1, 2026. The purchases under the new share repurchase program may be made in the open market or through privately negotiated transactions from time-to-time through December 31, 2026, and in accordance with applicable laws, rules and regulations. Repurchases may also be made pursuant to a Rule 10b5-1 plan, which, if adopted by the Company, would permit shares to be repurchased in accordance with pre-determined criteria when the Company might otherwise be prohibited from doing so under insider trading laws or because of self-imposed trading blackout periods. The share repurchase program may be amended, suspended or discontinued at any time and does not commit the Company to repurchase shares of its common stock.

The new share repurchase program will replace the existing $50 million share repurchase program that was authorized on December 11, 2024, which will expire in accordance with its terms on December 31, 2025. Additional purchases may be made under the existing share repurchase program prior to its expiration.

The actual number and value of the shares to be purchased will depend on the performance of the Company's stock price and other market and economic factors.

In addition, the Company's Board of Directors approved the payment of a quarterly cash dividend of $0.15 per share to be paid on January 26, 2026, to shareholders of record as of the close of business on January 12, 2026.

A copy of the press release announcing the new share repurchase program and the payment of the quarterly cash dividend is attached hereto as Exhibit 99.1 and the information set forth therein is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits:

Exhibit No.	Exhibits
99.1	Press Release of the Company Dated December 12, 2025
104	Cover Page Interactive Data File, formatted in Inline Extensible Business Reporting Language (iXBRL).

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	SHOE CARNIVAL, INC.
		(Registrant)
Date: December 12, 2025	By:	/s/ W. Kerry Jackson
		W. Kerry Jackson Executive Vice President
		Chief Executive Officer

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FAQ

What did Shoe Carnival (SCVL) announce regarding share repurchases?

Shoe Carnival's Board authorized a new share repurchase program for up to $50 million of its outstanding common stock, effective January 1, 2026 through December 31, 2026. Repurchases may occur in the open market, through privately negotiated transactions, or under a Rule 10b5-1 plan.

How does the new Shoe Carnival (SCVL) buyback compare to the existing program?

The new program authorizes up to $50 million in repurchases and will replace the existing $50 million program that was authorized on December 11, 2024 and expires on December 31, 2025. Additional purchases may still be made under the existing plan before it expires.

When will Shoe Carnival's new share repurchase program be effective and when does it end?

The new Shoe Carnival share repurchase program becomes effective on January 1, 2026 and runs through December 31, 2026, during which the company may repurchase up to $50 million of common stock.

What quarterly dividend did Shoe Carnival (SCVL) declare and when will it be paid?

The Board approved a quarterly cash dividend of $0.15 per share, payable on January 26, 2026 to shareholders of record as of the close of business on January 12, 2026.

Can Shoe Carnival change or stop its new share repurchase program?

Yes. The company stated that the new share repurchase program may be amended, suspended, or discontinued at any time and does not commit Shoe Carnival to repurchase any specific number of shares.

How will Shoe Carnival decide how many shares to repurchase under the new program?

The filing notes that the actual number and value of shares repurchased will depend on the performance of Shoe Carnival's stock price and other market and economic factors.