Birks & Mayors: Sales Dip Amid Jewelry Brand Exit

Birks & Mayors (BGI) has released an update.

Birks Group Inc. reported a decline in net sales for the first half of fiscal 2025, with a total of $80.1 million, down 8.8% from the previous year, primarily due to a third-party jewelry brand exit. Despite this, an increase in sales of timepieces helped offset some losses, and store renovations contributed positively. The company also noted a decrease in gross profit and an increase in net loss compared to the same period last year.

For further insights into BGI stock, check out TipRanks’ Stock Analysis page.