\nDeclares Quarterly Cash Dividend<\/b><\/p>
FORT MILL, S.C.--(BUSINESS WIRE)--Shoe Carnival, Inc., (Nasdaq: SCVL) (the \u201cCompany\u201d), a leading omnichannel retailer of footwear and accessories for the family, today announced that it received shareholder approval to change its name to Shoe Station Group, Inc. The name change will be effective June 12, 2026. In connection with the name change, the Company's common stock is expected to begin trading on The Nasdaq Stock Market LLC under the symbol \"SHOE\" on Friday, June 12, 2026. Shares will continue trading under the symbol \"SCVL\" through the close of market on Thursday, June 11, 2026.<\/p>
\n\u201cWe are pleased our shareholders overwhelmingly approved changing our corporate name to Shoe Station Group, Inc. The new name and new ticker are reflective of our multi-banner strategy with Shoe Station as our primary long-term growth vehicle and Shoe Carnival continuing in markets where it is dominant. We will also seek to expand our business through strategic acquisitions of other footwear retailers,\u201d said Cliff Sifford, Interim President and Chief Executive Officer.<\/p>
\nAdditionally, the Company\u2019s Board of Directors approved the payment of a quarterly cash dividend of $0.17 per share to be paid on July 20, 2026, to shareholders of record as of the close of business on July 6, 2026. This marks the Company\u2019s 57th<\/sup> consecutive quarterly dividend.<\/p> \nFuture declarations of dividends are subject to approval of the Board of Directors and will depend on the Company\u2019s results of operations, financial condition, business conditions and other factors deemed relevant by the Board of Directors.<\/p> \nAbout Shoe Carnival<\/b><\/p> \nShoe Carnival, Inc. is one of the nation\u2019s largest omnichannel family footwear retailers, offering a broad assortment of dress, casual and athletic footwear for men, women and children with emphasis on national name brands. As of June 11, 2026, the Company operated 426 stores in 35 states and Puerto Rico under its Shoe Carnival and Shoe Station banners and offers shopping at www.shoecarnival.com<\/a> and www.shoestation.com<\/a>. Headquartered in Fort Mill, SC, and with distribution and support operations located in Evansville, IN, Shoe Carnival, Inc. trades on The Nasdaq Stock Market LLC under the symbol SCVL and beginning on June 12, 2026 will trade under the symbol SHOE.<\/p> \nName and Ticker Change Details<\/b><\/p> \nNew Corporate Name:<\/b><\/p><\/td> \nShoe Station Group, Inc.<\/p><\/td><\/tr>\n \nFormer Corporate Name:<\/b><\/p><\/td> \nShoe Carnival, Inc.<\/p><\/td><\/tr>\n \nEffective Date:<\/b><\/p><\/td> \nJune 12, 2026<\/p><\/td><\/tr>\n \nNew Ticker Symbol:<\/b><\/p><\/td> \nSHOE<\/p><\/td><\/tr>\n<\/table> \nFormer Ticker Symbol:<\/b><\/p><\/td> \nSCVL<\/p><\/td><\/tr>\n \nEffective Date:<\/b><\/p><\/td> \nJune 12, 2026<\/p><\/td><\/tr>\n \nExchange:<\/b><\/p><\/td> \nNasdaq<\/p><\/td><\/tr>\n \nCUSIP:<\/b><\/p><\/td> \n824889109 (unchanged)<\/p><\/td><\/tr>\n \nTransfer Agent:<\/b><\/p><\/td> \nComputershare<\/p><\/td><\/tr>\n<\/table> \nThe Company urges stakeholders to ensure that data links to receive company information, updates and current trading activity utilizing \u201cShoe Carnival\u201d or \u201cSCVL\u201d are adjusted to \u201cShoe Station Group\u201d and \u201cSHOE\u201d on June 12, 2026.<\/p>\n
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