Shoe Carnival Revises Payable Date on Quarterly Cash Dividend
June 19 2018 - 5:01PM
Business Wire
Shoe Carnival, Inc. (NASDAQ: SCVL), a leading retailer of
moderately priced footwear and accessories, revised the payable
date for its declared dividend to July 27, 2018 from July 23, 2018
as previously stated. The record date for the dividend remains July
9, 2018.
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 and regional name brands. As of
June 19, 2018, the Company operates 405 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 on-line 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; 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; 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 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20180619006422/en/
Shoe Carnival, Inc.Cliff SiffordPresident and Chief Executive
OfficerorW. Kerry JacksonSenior Executive Vice President, Chief
Operating and Financial Officer and Treasurer(812)
867-6471www.shoecarnival.com
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