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The latest announcement is out from Birks & Mayors ( (BGI) ).
Birks Group Inc. reported its fiscal 2025 results, noting a decrease in net sales to $177.8 million, down 4% from the previous year, primarily due to the exit of a jewelry brand from two stores. Despite the decline, comparable store sales increased by 6.9% when excluding the third-party jewelry brand movement, driven by strong timepiece sales. The company opened two new stores and benefited from previous renovations, positioning itself for future growth. However, the fiscal year ended with a net loss of $12.8 million, impacted by decreased sales volume, foreign exchange losses, and increased interest costs.
Spark’s Take on BGI Stock
According to Spark, TipRanks’ AI Analyst, BGI is a Underperform.
BGI’s overall stock score is primarily impacted by its weak financial performance, characterized by persistent losses and a fragile balance sheet. Technical indicators reflect a bearish outlook, while valuation metrics are hindered by a negative P/E ratio. The company must address its financial challenges to improve its stock performance.
To see Spark’s full report on BGI stock, click here.
More about Birks & Mayors
Birks Group Inc. is a leading designer of fine jewelry and operates luxury jewelry, timepieces, and gifts retail stores in Canada. The company runs 17 stores under the Maison Birks brand in major metropolitan markets across Canada and several other branded locations. Founded in 1879, Birks has established itself as Canada’s premier designer and retailer of fine jewelry, timepieces, and gifts.
Average Trading Volume: 73,387
Technical Sentiment Signal: Sell
Current Market Cap: $17.57M
For detailed information about BGI stock, go to TipRanks’ Stock Analysis page.