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Stock impact report

Birks Group Inc. Reports Mid-year Fiscal 2025 Results [Yahoo! Finance]

Birks Group Inc. (BGI) 
NASDAQ:AMEX Investor Relations: maisonbirks.com/en/investors
Company Research Source: Yahoo! Finance
Highlights All figures presented herein are in Canadian dollars. For the twenty-six-week period ended September 28, 2024 ("Fiscal 2025"), the Company reported net sales of $80.1 million, a decrease of $7.7 million or 8.8% from the comparable prior period ended September 23, 2023 ("Fiscal 2024"). Comparable store sales for the twenty-six-week period ended September 28, 2024, decreased by 4.9% compared to the corresponding period of Fiscal 2024. The decrease in net sales and comparable store sales is mainly due to lower sales of branded jewelry due to the exit of a brand from two stores. When excluding the third-party jewelry brand movement, the comparable store sales increased by 7.5%, mainly driven by timepiece sales. The Company reported a gross profit of $31.3 million, a decrease of $4.8 million or 13.3% compared to the corresponding period in Fiscal 2024, due to lower sales volume resulting from the exit of a jewelry brand from two stores. Gross profit as a percentage of sales Show less Read more
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