Our strong capital structure, liquidity management and profitability position us well to continue delivering enhanced shareholder value and pursuing our vision to be the nation's leading family footwear retailer," commented Mark Worden, Shoe Carnival's President and Chief Executive Officer. Purchases under the new share repurchase program may be made in the open market or through privately negotiated transactions from time-to-time through December 31, 2025, and in accordance with applicable laws, rules and regulations. Repurchases may also be made pursuant to a Rule 10b5-1 plan, which, if adopted by the Company, would permit shares to be repurchased in accordance with pre-determined criteria when the Company might otherwise be prohibited from doing so under insider trading laws or because of self-imposed trading blackout periods. The share repurchase program may be amended, suspended or discontinued at any time and does not commit the Company to repurchase shares of its common stock.