Birks Group Inc. Files 6-K with Financial Updates

TL;DR

BIRKS files 6-K with financial updates, check MD&A for details.

AI Summary

Birks Group Inc. filed a Form 6-K on November 27, 2024, reporting on its financial condition and results of operations for the month of November 2024. The filing includes Management's Discussion and Analysis of Financial Condition and Results of Operations, starting on page 99.1. The company, previously known as Birks & Mayors Inc. and Henry Birks & Sons Inc., is a jewelry retailer based in Montreal, Canada.

Why It Matters

This filing provides investors with an update on Birks Group Inc.'s financial performance and operational status, which can influence investment decisions.

Risk Assessment

Risk Level: low — This is a routine filing providing financial information and does not indicate any immediate or significant risks.

Key Players & Entities

• BIRKS GROUP INC. (company) — Filer of the 6-K report
• 2020 Robert Bourassa Suite 200 Montreal, Québec Canada H3A 2A5 (address) — Principal executive office address
• November 2024 (date) — Reporting period for the 6-K
• Form 6-K (document) — Type of SEC filing
• Management's Discussion and Analysis of Financial Condition and Results of Operations (document_section) — Key content within the filing

FAQ

Key Financial Figures

• $4.0 million — a stockholders equity of less than U.S. $4.0 million and reported losses from continuing ope
• $2.0 million — a stockholders equity of less than U.S. $2.0 million and reported losses from continuing ope
• $6.0 million — a stockholders equity of less than U.S. $6.0 million and reported losses from operations and
• $50,000,000 — s a total market capitalization of U.S. $50,000,000 or total assets and revenue of U.S. $50
• $15,000,000 — f publicly held shares of at least U.S. $15,000,000. For the twenty-six week period ended S
• $193.1 million — 4, the Company reported total assets of $193.1 million (U.S. $143.1 million) and revenues of $
• $143.1 million — ed total assets of $193.1 million (U.S. $143.1 million) and revenues of $80.1 million (U.S. $5
• $80.1 million — n (U.S. $143.1 million) and revenues of $80.1 million (U.S. $59.4 million). As of November 27
• $59.4 million — on) and revenues of $80.1 million (U.S. $59.4 million). As of November 27, 2024, the Company
• $8.6 million — value of publicly listed shares of U.S. $8.6 million. The Company is currently not meeting t
• $87.8 million — 28, 2024 were $80.1 million compared to $87.8 million in the twenty-six week period ended Sep
• $7.7 m — tember 23, 2023, which is a decrease of $7.7 million, or 8.8%. Net retail sales were $
• $7.3 million — million, or 8.8%. Net retail sales were $7.3 million lower than the comparable prior year pe
• $0.4 million — les. The decrease in Net Sales Other of $0.4 million is primarily driven by a decrease in sa
• $31.3 m — 0 % 41.1 % Total gross profit was $31.3 million, or 39.0% of net sales, for the t

Filing Documents

• d882038d6k.htm (6-K) — 348KB
• d882038dex998.htm (EX-99.8) — 10KB
• 0001193125-24-267273.txt ( ) — 359KB

FINANCIAL INFORMATION

PART I FINANCIAL INFORMATION Page 99.1

Managements Discussion and Analysis of Financial Condition and Results of Operations

Managements Discussion and Analysis of Financial Condition and Results of Operations 1 99.2 Unaudited Condensed Consolidated Balance Sheets as of September 28, 2024 and March 30, 2024 11 99.3 Unaudited Condensed Consolidated Statements of Operations for the twenty-six week periods ended September 28, 2024 and September 23, 2023 12 99.4 Unaudited Condensed Consolidated Statements of Comprehensive Income (Loss) for the twenty-six week periods ended September 28, 2024 and September 23, 2023 13 99.5 Unaudited Condensed Consolidated Statement of Stockholders Equity (Deficiency) for the twenty-six week periods ended September 28, 2024 and September 23, 2023 14 99.6 Unaudited Condensed Consolidated Statements of Cash Flows for the twenty-six week periods ended September 28, 2024 and September 23, 2023 15 99.7 Notes to the Unaudited Condensed Consolidated Financial Statements 16 OTHER 99.8 Letter of support agreement between Mangrove Holdings S.A. and Birks Group Inc. dated November 27, 2024

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. BIRKS GROUP INC. (Registrant) By: /s/ Katia Fontana Date: November 27, 2024 Vice President and Chief Financial Officer EXHIBIT INDEX Exhibit Number Description Exhibit 99.8 Letter of support agreement between Mangrove Holdings S.A. and Birks Group Inc. dated November 27, 2024.

FINANCIAL INFORMATION

PART I FINANCIAL INFORMATION EXHIBIT 99.1

MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Managements Discussion and Analysis of Financial Condition and Results of Operations (MD&A) is designed to provide the

Managements Discussion and Analysis of Financial Condition and Results of Operations (MD&A) is designed to provide the reader of the financial statements with a narrative on our results of operations, financial position and liquidity, risk management activities, significant accounting policies and critical estimates, and the future impact of accounting standards that have been issued but are not yet effective. MD&A is presented in the following sections: Overview, Current Developments, Compliance with NYSE American LLC Continued Listing Standards, Description of Operations, Critical Accounting Policies and Estimates, Operating Results. It is useful to read the MD&A in conjunction with the unaudited condensed consolidated financial statements and related notes thereto contained elsewhere in this document. Unless the context otherwise requires, all references in this MD&A to the Company, Birks Group, Birks we, our, ours, and us refer to Birks Group Inc., a Canadian corporation. Annually, our fiscal year ends on the last Saturday of March. We refer to the prior fiscal year ended March 30, 2024 as fiscal 2024, and the current fiscal year ending March 29, 2025 as fiscal 2025. Fiscal 2025 consists of a fifty-two week period while fiscal 2024 consists of a fifty-three week period. All figures presented in this MD&A are in Canadian dollars unless otherwise specified. Overview Birks Group is a leading designer of fine jewelry and operator of luxury jewelry stores in Canada, with wholesale customers in North America, the U.K., and the E.U. As of September 28, 2024, we have two reportable segments, Retail and Other. Retail consists of our retail operations whereby we operate 25 stores across Canada, of which 18 retail locations operate under the Maison Birks brand, one retail location in Montreal under the Birks brand, one retail location in Montreal under the TimeVallée brand, one retail location in Calgary under the Brinkhaus brand, two retail locations in Van

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