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BGI-News
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Birks Group Reports FY26 Revenue of C$205.3M, Up 15.5%
Reports FY26 revenue C$205.3M, up 15.5%. Reports FY26 SSS up 2.6%. Niccolo Rossi di Montelera, Executive Chairman of the Board and Interim Chief Executive Officer of Birks Group, commented: "During fiscal 2026, we achieved 15.5% growth in net sales and a 2.6% growth in comparable store sales. Our retail performance has outperformed over the prior year due to the strategic acquisition of European Boutique along with organic growth, particularly with our Birks branded jewelry. We continue to focus on generating profitable growth in our Birks brand, including a new Birks mono-brand store which is planned to open in the fall of 2026 in Vancouver's newly developed Oakridge mall."
Birks Group CFO Katia Fontana Announces Retirement
Birks Group announced that Katia Fontana, Vice President and Chief Financial Officer, has decided to retire, effective April 1, 2026. The company also announced that Aldo Battista will be joining the company on February 11, 2026. During the transition period, Battista will initially serve as Vice President, Accounting and Treasury, working alongside Fontana to ensure a smooth and orderly handover of finance and accounting responsibilities before assuming the role of Vice President and Chief Financial Officer on April 2, 2026.
Birks Group Reports 11.8% Increase in Sales
Birks Group reported its sales results for the eight-week interim sales period ended December 27, 2025, resulting in an increase of 11.8% in net sales as compared to the corresponding period in FY25. Comparable store sales for the FY26 holiday period increased by 2.5% as compared to the corresponding period in FY25. The 11.8% increase in net sales for the FY26 holiday period, as compared to the corresponding period in FY25, is attributable in part to the acquisition of the European Boutique luxury timepieces and jewelry stores as well as an increase in sales of branded timepieces and Birks branded jewelry, both in retail and in e-commerce. The 2.5% increase in comparable store sales in the FY26 holiday period versus the comparable period in FY25 was also attributable to the performance of branded timepieces and Birks branded jewelry. Niccolo Rossi di Montelera, executive chairman of the board and interim CEO of Birks Group, commented: "Our teams have delivered good sales results this holiday period as compared to the corresponding period last year, due in part to the acquisition of the European Boutique stores but also due to our strong retail and e-commerce performances. We are focused on building on this momentum and on delivering excellence in customer service. I would like to sincerely thank all our employees for their continued hard work and dedication."
Birks Group CEO Bedos Resigns; di Montelera Appointed Interim CEO
Birks Group announced that Jean-Christophe Bedos, the company's President and CEO and Director, is stepping down from his role, effective August 29, 2025. He will continue to support the company in an advisory capacity during the leadership transition. The decision comes as the company repositions itself for stability and long-term growth. An executive search for a new President and CEO will take place in due course. In the interim, Niccolo Rossi di Montelera, in addition to being the company's Executive Chairman of the Board, was appointed as Interim CEO. Rossi di Montelera was elected to the company's Board of Directors in September 2010 and has served as Vice-Chairman of the company's Board of Directors from June 2015 until being appointed Executive Chairman of the Board in January 2017. In addition, Davide Barberis Canonico, a member of the company's Board of Directors, was appointed Interim President and Chief Operating Officer. With 12 years of service on the company's Board of Directors, Barberis Canonico brings extensive leadership experience, having held CEO roles at several companies. Barberis Canonico will assume day-to-day leadership responsibilities.
Birks Group receives noncompliance notification from NYSE
Birks Group announced that it received notice from the NYSE that the company was not in compliance with the continued listing standards set forth in Sections 1003 and of the NYSE American Company Guide. Section 1003 applies if a listed company has stockholders' equity of less than $2M and has reported losses from continuing operations and/or net losses in two of its three most recent fiscal years.
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