Birks Group Inc. announced its financial results for the 26-week period ended 28 September 2024, reporting net sales of $80.1 million, an 8.8% decrease compared to $87.8 million during the same period of Fiscal 2024. This $7.7 million reduction was primarily attributed to lower branded jewellery sales following the exit of a third-party jewellery brand from two stores. Comparable store sales decreased by 4.9% during the period. Excluding the impact of the third-party jewellery brand exit, comparable store sales increased by 7.5%, driven by strong performance in branded timepieces. Increased Losses Reflect Period Challenges The company reported a net loss…

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