Birks Group Income Statement 2026-2009 | BGI

Brief overview of financial results at Birks Group

The conclusions below are based on five years of reported results. Birks Group reported revenue of $169 million in 2020 and $178 million by 2025. Overall revenue changed by +5%, equal to an annualized rate of about 1%. The scale of the core business was largely unchanged.

Gross profit changed from $64.5 million to $66.3 million (+2.8%). There was no major divergence between sales and cost of revenue. Comparing the endpoints gives gross margins of 38.1% and 37.3%. The relationship between gross profit and revenue changed only slightly.

EBITDA was −$1.7 million at the beginning and $2.2 million at the end of the period (+229.4%). Additional revenue translated efficiently into EBITDA. EBITDA margin moved from −1% to 1.2%. The increased EBITDA share is a positive sign.

The net financial result changed from −12.8 million dollars to −12.8 million dollars. The loss widened and increased the financial risk.

Over the period, capitalization shifted from $22.3 million to $12.2 million (−45.3%). Investors responded cautiously to the improvement in the business.

Overall conclusion

The current trajectory does not yet confirm a sustainable recovery. The constructive conclusion rests on a steady final result, an improving EBITDA margin and consistent sales economics. Caution is warranted because of a narrow EBITDA buffer, a weaker market valuation and a softer top-line trend. Investors should continue to monitor margins, costs, and earnings quality.