Net sales up and losses down as Birks Group reports financials
Birks Group Inc. has revealed its financial results for its fiscal year 2026, reporting top-line revenue growth and a reduction in losses.
The company, which is Canada’s biggest luxury jeweller, saw net sales of CA$205.4 million for the year ended March 28 2026, which was up +15.5% year-on-year.
The 15.5% jump in net sales was heavily anchored by the integration of its European Boutique acquisition, which added four Greater Toronto Area retail locations. Although this drove up selling, general, and administrative (SG&A) expenses, they actually improved slightly as a percentage of sales.
Gross profit was up +19.5% to CA$79.2 million, resulting in its net loss being reduced from CA$12.8 million in fiscal year 2025 to CA$3.4 million in 2026.
Birks operates 32 stores across Canada (including 17 Maison Birks, mono-brand boutiques for Patek Philippe, Breitling, Omega, Chaumet, and the newly integrated European Boutique locations). It will also be launching a new flagship Birks mono-brand store, set to open in fall 2026 at Vancouver’s Oakridge Mall.
