Birks FY26 net loss narrows to C$3.4 million; net sales rise 15.5% to C$205.4 million

Reuters2026/07/21 21:01

By:Reuters

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Birks Group posted fiscal 2026 net loss of CAD 3.4 million, or CAD 0.17 per share, narrowing from CAD 12.8 million, or CAD 0.66.
Net sales rose 15.5% to CAD 205.4 million; comparable store sales increased 2.6%.
Operating income turned positive at CAD 3.1 million from an operating loss; adjusted EBITDA increased to CAD 12.9 million from CAD 9.2 million.
Gross profit climbed to CAD 79.2 million, lifting gross margin 1.2 percentage points to 38.5% on a foreign exchange gain.
Executive Chairman and interim CEO Niccolò Rossi di Montelera cited European Boutique integration; planned a Birks mono-brand Vancouver store for fall 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Birks Group Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202607211700BIZWIRE_USPR_____20260721_BW930490) on July 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Birks FY26 net loss narrows to C$3.4 million; net sales rise 15.5% to C$205.4 million

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