Shoe Carnival has announced a new share repurchase program for up to $50 million of its outstanding common stock, effective Jan. 1, 2019. It will replace the existing $50 million share repurchase program that was authorized on Dec. 14, 2017, which will expire on Dec. 31, 2018. Under the new program, further share purchases may be made through Dec. 31, 2019. Shoe Carnival said it intends to fund the new share buyback program from cash on hand. Any shares acquired will be available for stock-based compensation awards and other corporate purposes.

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