Welcome to our dedicated page for Birks Group news (Ticker: BGI), a resource for investors and traders seeking the latest updates and insights on Birks Group stock.
Birks Group Inc. (NYSE American: BGI) operates as a prestige jeweler in North America, selling fine jewelry, luxury timepieces, and gifts through retail stores and e-commerce platforms. Founded in 1879 in Montreal, the company represents one of the oldest jewelry brands in North America, competing in the luxury retail segment where brand heritage and craftsmanship influence customer purchasing decisions.
News coverage of Birks typically focuses on quarterly and annual financial results, which reveal how consumer spending trends in luxury jewelry, bridal market dynamics, and retail performance at physical locations and online channels affect the company's business. As a luxury retailer operating in discretionary spending categories, Birks' results often reflect broader consumer confidence and spending patterns in prestige goods.
Corporate developments and strategic initiatives also generate coverage, including store openings or closures, e-commerce platform enhancements, new jewelry collections, and partnerships with luxury watch brands. These announcements provide insight into how the company adapts its retail footprint and product offerings to changing consumer preferences in the luxury jewelry market.
Industry trends affecting jewelry retail provide context for understanding Birks' operating environment, including shifts in bridal jewelry purchasing behavior, competition from online jewelry retailers, and changing consumer attitudes toward lab-grown versus natural diamonds. Leadership changes and governance developments can also generate coverage, particularly for a company with a long heritage navigating contemporary luxury retail challenges.
Bookmark this page to follow Birks Group news and track developments affecting this heritage jewelry retailer.
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.
Birks Group (NYSE:BGI) has completed the acquisition of European Boutique's luxury watch and jewellery business for $9 million. The acquisition includes four multi-brand luxury stores, three mono-brand boutiques (OMEGA, Breitling, Montblanc), and integrated storefronts for TAG Heuer, GUCCI, and Diamonds Direct in prime Greater Toronto Area malls.
To finance the acquisition, Birks secured an additional $13.5 million term loan from SLR Credit Solutions at CORRA plus 8.07% interest, due December 2026. The company also obtained a $3.75 million loan from controlling shareholder Mangrove Holding S.A. at 15% annual interest, also due December 2026.
The deal includes European's e-commerce platform European.ca and a licensing agreement to operate the Canadian brand Diamonds Direct®.
Birks Group (NYSE: BGI) announced that NYSE American has accepted its compliance plan to maintain its listing status. The company, which was previously notified of non-compliance with listing standards under Section 1003(a)(i) and (ii) on February 25, 2025, submitted its compliance plan on March 27, 2025. NYSE American has granted BGI an extension until August 25, 2026 to regain compliance.
During this period, BGI will undergo periodic reviews, and its Class A voting shares will continue trading under the "BGI" symbol. The company's business operations, financial condition, and SEC reporting requirements remain unaffected. However, failure to regain compliance or make consistent progress during the Plan Period may result in delisting procedures.
Birks Group (NYSE: BGI) has received a notice from NYSE American on February 25, 2025, indicating non-compliance with continued listing standards. The company reported a stockholders' deficit of approximately U.S. $(6.1) million (CAD $(8.2) million) as of September 28, 2024, and has reported net losses in two of its three most recent fiscal years.
To maintain its listing, BGI must submit a compliance plan by March 27, 2025, demonstrating how it intends to meet the requirements by August 25, 2026. The requirements include maintaining stockholders' equity of at least U.S. $2.0 million (Section 1003(a)(i)) and U.S. $4.0 million (Section 1003(a)(ii)). While BGI's Class A shares continue trading under 'BGI', failure to submit an acceptable plan or achieve compliance could result in delisting proceedings.
Birks Group (NYSE American: BGI) reported positive sales results for the FY2025 Holiday Period (8-week period ended December 28th, 2024), showing a 4.0% increase in net sales compared to FY2024. The company also achieved a 1.3% growth in comparable store sales during the same period.
The sales growth was primarily driven by strong performance in the retail sector, particularly in third-party branded watches, and robust e-commerce sales. CEO Jean-Christophe Bédos noted that while the company continues to face pressure on costs and margins, they remain committed to operational improvements and excellence in customer service.
Birks Group (NYSE American: BGI) reported financial results for the 26-week period ended September 28, 2024. Net sales decreased 8.8% to $80.1 million, with comparable store sales declining 4.9%. When excluding a third-party jewelry brand exit from two stores, comparable store sales increased 7.5%, driven by timepiece sales. Gross profit decreased 13.3% to $31.3 million, with margin declining 210 basis points to 39.0%. The company reported a net loss of $3.1 million ($0.16 per share), compared to a $1.5 million loss in the prior year period. EBITDA decreased to $4.7 million from $5.0 million.
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