BGI Overview

Financial Performance: Birks Group Inc. reported net sales of $93.1 million for the twenty-six-week period ending September 27, 2025, marking a 16.2% increase from the previous year, driven by the acquisition of European Boutique and strong sales in both Birks and third-party branded jewelry.

Gross Profit and Margins: The company achieved a gross profit of $36.5 million, representing 39.2% of net sales, which is consistent with the previous year, attributed to increased retail sales and a favorable product mix.

Operating Loss and Expenses: Birks recorded an operating loss of $0.2 million, a slight improvement from a loss of $0.3 million in the prior year, while SG&A expenses rose to $33.0 million, primarily due to the European acquisition and increased sales volume.

Net Loss: The company reported a net loss of $2.6 million, or ($0.13) per share, an improvement from a net loss of $3.1 million, or ($0.16) per share, in the same period last year.

Webtoon Entertainment Partnership: Webtoon Entertainment Inc's shares surged 47.8% in pre-market trading after announcing a partnership with The Walt Disney Co to create a digital comics platform featuring Marvel, Star Wars, Pixar, and Disney titles.

Pre-Market Stock Movements: Several stocks experienced significant pre-market trading changes, with FGI Industries Ltd gaining 185.2% and Conifer Holdings Inc rising 136.8%, while Apartment Investment and Management Company saw a decline of 9.4%.

Appointment of New Auditors: Birks Group Inc. has recommended Grant Thornton as the new auditors for the fiscal year ending March 28, 2026, replacing KPMG, which has served since 2000. Shareholders will vote on this appointment at the annual general meeting on September 18, 2025.

Proxy Voting Information: Shareholders are informed that voting by proxy will be for the appointment of Grant Thornton and the authorization of the Board to set their remuneration, without the issuance of a new proxy form for the meeting.