Birks Sales Rise in US, Fall in Canada

The company outperformed many of its U.S. competitors, it says

Birks Group said that its U.S. comps rose 6 percent in the first half of the fiscal year, while same-store sales in Canada fell 2 percent.

“We had a good sales performance in the United States, where we outperformed many of our competitors,” Jean-Christophe Bédos, president and CEO of Birks Group, said in a statement.

Net sales for the first half (ended Sept. 24) fell 3 percent from the prior year, to $129.7 million. The decline was spurred by the poor Canadian economy, lower spending by Chinese and other foreign tourists, and the company’s sale of its manufacturing division. Gross profit was $49.5 million, or 38.2 percent of net sales.

The Montreal-based company operates 27 stores under the Birks brand in Canada, 17 stores in Florida and Georgia under the Mayors brand, one store under the Rolex brand, and two retail locations in Calgary and Vancouver under the Brinkhaus brand. 

JCK News Director