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Birks Group Inc. reports developments in its luxury jewelry and timepiece retail business, including sales trends for Birks branded jewelry, third-party branded watches and jewelry, retail stores, and e-commerce. The company operates in Canada under banners and brand relationships that include Maison Birks, Brinkhaus, Graff, Patek Philippe, TimeVallée, and European Boutique following its completed acquisition of that watch and jewelry business.
Recurring company updates include fiscal and interim financial results, holiday-period sales, store openings and renovations, product-mix commentary, acquisition-related integration, and governance matters such as executive appointments and auditor selection.
Birks Group (NYSE American: BGI) announced its intention to voluntarily delist its Class A voting shares from NYSE American. The company has been approved to have these shares trade on the OTCQB Venture Market and expects trading on OTCQB to begin the day after NYSE American delisting.
According to Birks Group, it previously received notice of noncompliance with NYSE American continued listing standards and, after reviewing alternatives, determined delisting is in its best interests. The company plans to file Form 25 with the SEC on August 17, 2026, targeting a last NYSE American trading day on or about August 27, 2026. Birks Group intends to continue SEC filings and provide semiannual financial information with annual audited financial statements.
Birks Group (NYSE American: BGI) announced that Mr. Emilio B. Imbriglio has resigned as a Director of the company for personal reasons, effective August 5, 2026. Imbriglio had served on the Board since 2022 and was not planning to stand for re-election at the annual shareholders meeting scheduled for September 2026.
According to Birks Group, the Board, led by Executive Chairman and Interim CEO Niccolò Rossi di Montelera, thanked Imbriglio for his contributions. Birks Group designs fine jewelry and operates 32 luxury retail locations across major Canadian markets under multiple brands, including Maison Birks, Birks, TimeVallée, Brinkhaus, Graff, Patek Philippe, Breitling, European Boutique, Omega and Montblanc.
Birks Group (NYSE American: BGI) reported fiscal 2026 net sales of $205.4 million, up 15.5% from $177.8 million in fiscal 2025, with comparable store sales rising 2.6%. Growth was driven mainly by the European Boutique luxury retail acquisition and higher Birks and third‑party branded jewelry sales.
Gross profit increased to $79.2 million, with margin improving to 38.5%, up 120 basis points, largely due to foreign exchange gains. SG&A expenses rose to $68.5 million but declined slightly to 33.4% of sales. Adjusted EBITDA grew to $12.9 million, while operating results swung to income of $3.1 million versus a prior‑year loss. Interest and financing costs declined to $8.8 million, helped by foreign exchange gains, and the net loss narrowed to $3.4 million ($0.17 per share) from $12.8 million. The company highlighted the integration of European Boutique, refinancing of its term loan with Gordon Brothers, and an amended and extended revolver with Wells Fargo Canada Corporation. Total assets reached $214.3 million, against a stockholders’ equity deficit of $21.4 million.
Birks Group (NYSE American: BGI) closed a new five-year $32.5 million senior secured term loan with Gordon Brothers, maturing June 2031, replacing its former $26 million term loan.
The company also extended its revolver with Wells Fargo to June 2031, increasing total commitments to $93 million, and extended a $3.75 million Mangrove loan to June 2031 with revised 12.2% interest and structured repayments.
Birks Group (NYSE American: BGI) announced the retirement of Katia Fontana as Vice President and Chief Financial Officer, effective April 1, 2026, and the appointment of Aldo Battista as Vice President and Chief Financial Officer effective April 2, 2026.
Mr. Battista will join on February 11, 2026, serve initially as Vice President, Accounting and Treasury to overlap with Ms. Fontana for a structured handover, and brings over 25 years of finance and retail experience, including 16 years at Reitmans.
Birks Group (NYSE American: BGI) reported results for the 8-week FY2026 Holiday Period ended December 27, 2025, with net sales up 11.8% year-over-year and comparable store sales up 2.5%.
The net sales increase reflects the acquisition of European Boutique stores and stronger sales of branded timepieces and Birks jewelry across retail and e-commerce.
Birks Group (NYSE American: BGI) reported results for the 26-week period ended September 27, 2025. Net sales rose to $93.1M, up 16.2% year-over-year, driven partly by the acquisition of European and stronger third-party timepiece and jewelry sales. Comparable store sales increased 6.3%. Gross profit was $36.5M (39.2% margin), up 16.7%. SG&A increased to $33.0M, reflecting acquisition costs and higher staffing. EBITDA was $4.8M; net loss narrowed to $2.6M ($0.13 per share).
Birks Group (NYSE American: BGI) has announced that its Board of Directors recommends appointing Grant Thornton S.E.N.C.R.L. as the company's new auditors for fiscal year 2026. This change comes after KPMG LLP's 25-year tenure as the company's independent auditors since January 2000.
The decision follows a competitive RFP process initiated on July 29, 2025. Shareholders will vote on this appointment at the upcoming annual general meeting scheduled for September 18, 2025. The meeting will allow shareholders to approve Grant Thornton's appointment and authorize the Board to determine their remuneration.
Birks Group (NYSE American: BGI) announced significant leadership changes as President and CEO Jean-Christophe Bédos steps down effective August 29, 2025, after 13 years of service. The company has appointed Niccolò Rossi di Montelera, current Executive Chairman of the Board, as Interim CEO, while Board member Davide Barberis Canonico takes on the role of Interim President and Chief Operating Officer.
Bédos will continue supporting the company in an advisory capacity during the transition period. Under his leadership, Birks Group developed its product brand, established partnerships with global brands, and navigated through challenging periods including the COVID-19 pandemic. The company acknowledges recent softer-than-expected performance and aims to refocus on operational discipline and value creation for shareholders.
Birks Group (NYSE American: BGI) reported its fiscal 2025 results, showing a decline in performance. The company's net sales decreased by 4.0% to $177.8 million, with comparable store sales falling 3.4%. However, excluding third-party jewelry brand movement, comparable store sales grew 6.9%, driven by timepiece sales.
The company's gross profit declined to $66.3 million (37.3% of net sales) from $73.6 million (39.7%) in fiscal 2024. Birks Group reported an operating loss of $5.5 million and a net loss of $12.8 million ($0.66 per share), compared to a net loss of $4.6 million ($0.24 per share) in fiscal 2024. The company opened two new stores under TimeVallée and Birks brands and announced the acquisition of European Boutique's watch and jewelry business.