Birks Group Sees Sales Boost in FY2025 Holiday Period

An announcement from Birks & Mayors ( (BGI) ) is now available.

Birks Group Inc. reported a 4.0% increase in net sales during the FY2025 Holiday Period, which ended on December 28, 2024, compared to the previous year. This growth was largely driven by strong performance in retail and e-commerce sectors, particularly in third-party branded watches. The company also noted a 1.3% rise in comparable store sales, attributing it primarily to the success of branded watches. Despite challenges related to cost pressures, Birks remains committed to enhancing operations and delivering excellent customer service, as emphasized by CEO Jean-Christophe Bédos.

More about Birks & Mayors

Birks Group Inc. is a prominent designer of fine jewelry and operates luxury retail stores across Canada, specializing in jewelry, timepieces, and gifts. The company runs several stores under various brand names such as Maison Birks, TimeVallée, Brinkhaus, Graff, and Patek Philippe, among others. Birks’ products are also available through select retailers in Canada, the United States, the United Kingdom, and Poland.

YTD Price Performance: 16.25%

Average Trading Volume: 41,749

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $35.92M

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