BIRKS GROUP INC.

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.

Birks Group Inc. announced the closing of a new five-year $32.5 million senior secured term loan facility with Gordon Brothers, which refinances its existing $26 million term loan. Concurrently, the Company extended its senior secured revolving credit facility with Wells Fargo to June 2031, increasing total commitments to $93 million. Additionally, a $3.75 million loan agreement with Mangrove Holding S.A., a controlling shareholder, was amended and extended to June 2031, with new interest and repayment terms. These financing arrangements provide increased liquidity, enhanced financial flexibility, and extended debt maturities to support strategic initiatives.