Quarterly ResultJul 21, 2026, 05:22 PM
Birks Group Fiscal 2026 Net Sales +15.5% to $205.4M; Net Loss Narrows
AI Summary
Birks Group Inc. reported strong financial results for fiscal year 2026, with net sales increasing 15.5% to $205.4 million and comparable store sales growing 2.6%. The company significantly narrowed its net loss to $3.4 million from $12.8 million in the prior year, driven by the acquisition of European Boutique, growth in Birks branded jewelry, and a foreign exchange gain. Adjusted EBITDA saw a substantial increase to $12.9 million, and operating income turned positive.
Key Highlights
- Net sales increased 15.5% to $205.4 million in fiscal 2026.
- Comparable store sales grew by 2.6% for fiscal 2026.
- Gross profit rose to $79.2 million, with margin at 38.5% (+120 bps).
- Adjusted EBITDA increased 40.2% to $12.9 million.
- Operating income was $3.1 million, up from a $5.5 million loss in fiscal 2025.
- Net loss narrowed to $3.4 million, or $(0.17) per share.
- Growth driven by European Boutique acquisition and Birks branded jewelry sales.
- Successfully refinanced term loan and amended revolver facility.
Price Impact
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