Shoe Carnival gains on renewal of $50 mln share buyback plan

Shoe Station

16/12/2022 18:16

** Shares of footwear retailer Shoe Carnival Inc  SCVL.O  up
5.1% at $22.91 
    ** Co renews its existing $50 mln share repurchase program
that expires on Dec. 31  urn:newsml:reuters.com:*:nBw86T6Lwa
    ** Co cut its FY22 net sales forecast to $1.27 bln-$1.30 bln
from $1.29 bln-$1.34 bln in November 
    ** Including session's gain, stock down 41.2% YTD
 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))