Company to Pay Quarterly Cash Dividend of $0.08 Per Share
EVANSVILLE, Ind.--(BUSINESS WIRE)--Sep. 14, 2018--
Shoe Carnival, Inc. (NASDAQ:SCVL) a leading retailer of moderately
priced footwear and accessories, announced today that its Board of
Directors has approved the payment of a quarterly cash dividend.
The quarterly cash dividend of $0.08 per share will be paid on October
22, 2018, to shareholders of record as of the close of business on
October 8, 2018.
Future declarations of dividends are subject to approval of the Board of
Directors and will depend on the Company's results of operations,
financial condition, business conditions and other factors deemed
relevant by the Board of Directors.
About Shoe Carnival
Shoe Carnival, Inc. is one of the nation’s largest family footwear
retailers, offering a broad assortment of moderately priced dress,
casual and athletic footwear for men, women and children with emphasis
on national name brands. As of September 14, 2018, the Company operates
402 stores in 35 states and Puerto Rico, and offers online shopping at www.shoecarnival.com.
Headquartered in Evansville, IN, Shoe Carnival trades on The NASDAQ
Stock Market LLC under the symbol SCVL. Shoe Carnival's press releases
and annual report are available on the Company's website at www.shoecarnival.com.
Cautionary Statement Regarding Forward-Looking Information
This press release contains forward-looking statements, within the
meaning of the Private Securities Litigation Reform Act of 1995, that
involve a number of risks and uncertainties. A number of factors could
cause our actual results, performance, achievements or industry results
to be materially different from any future results, performance or
achievements expressed or implied by these forward-looking statements.
These factors include, but are not limited to: general economic
conditions in the areas of the continental United States in which our
stores are located and the impact of the ongoing economic crisis and
hurricane recovery in Puerto Rico on sales at, and cash flows of, our
stores located in Puerto Rico; the effects and duration of economic
downturns and unemployment rates; changes in the overall retail
environment and more specifically in the apparel and footwear retail
sectors; our ability to generate increased sales at our stores; our
ability to successfully navigate the increasing use of online retailers
for fashion purchases and the impact on traffic and transactions in our
physical stores; our ability to attract customers to our e-commerce
website and to successfully grow our e-commerce sales; the potential
impact of national and international security concerns on the retail
environment; changes in our relationships with key suppliers; changes in
the political and economic environments in, the status of trade
relations with, and the impact of changes in trade policies and tariffs
impacting, China and other countries which are the major manufacturers
of footwear; the impact of competition and pricing; our ability to
successfully manage and execute our marketing initiatives and maintain
positive brand perception and recognition; changes in weather patterns,
consumer buying trends and our ability to identify and respond to
emerging fashion trends; the impact of disruptions in our distribution
or information technology operations; the effectiveness of our inventory
management; the impact of natural disasters on our stores, as well as on
consumer confidence and purchasing in general; risks associated with the
seasonality of the retail industry; the impact of unauthorized
disclosure or misuse of personal and confidential information about our
customers, vendors and employees, including as a result of a
cyber-security breach; our ability to manage our third-party vendor
relationships; our ability to successfully execute our business
strategy, including the availability of desirable store locations at
acceptable lease terms, our ability to open new stores in a timely and
profitable manner, including our entry into major new markets, and the
availability of sufficient funds to implement our business plans; higher
than anticipated costs associated with the closing of underperforming
stores; the inability of manufacturers to deliver products in a timely
manner; the impact of regulatory changes in the United States and the
countries where our manufacturers are located; the resolution of
litigation or regulatory proceedings in which we are or may become
involved; our ability to meet our labor needs while controlling costs;
the impact of the U.S. Tax Cuts and Jobs Act of 2017; and future stock
repurchases under our stock repurchase program and future dividend
payments; and other factors described in the Company’s SEC filings,
including the Company’s latest Annual Report on Form 10-K.
In addition, these forward-looking statements necessarily depend upon
assumptions, estimates and dates that may be incorrect or imprecise and
involve known and unknown risks, uncertainties and other factors.
Accordingly, any forward-looking statements included in this press
release do not purport to be predictions of future events or
circumstances and may not be realized. Forward-looking statements can be
identified by, among other things, the use of forward-looking terms such
as “believes,” “expects,” “may,” “will,” “should,” “seeks,” “pro forma,”
“anticipates,” “intends” or the negative of any of these terms, or
comparable terminology, or by discussions of strategy or intentions.
Given these uncertainties, we caution investors not to place undue
reliance on these forward-looking statements, which speak only as of the
date hereof. We disclaim any obligation to update any of these factors
or to publicly announce any revisions to the forward-looking statements
contained in this press release to reflect future events or developments.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180914005549/en/
Source: Shoe Carnival, Inc.
Shoe Carnival, Inc.
Cliff Sifford, 812-867-6471
President and
Chief Executive Officer
or
W. Kerry Jackson, 812-867-6471
Senior
Executive Vice President, Chief Operating and Financial Officer and
Treasurer