82 782
Fashion Jobs
MACY'S
Manager, Asset Protection
Permanent · BAKERSFIELD
MACY'S
Asset Protection Detective, Tacoma - Full Time
Permanent · TACOMA
MACY'S
Asset Protection Security Guard, Aventura - Part Time
Permanent · AVENTURA
MACY'S
Material Handler, Chicago - Full Time (3220)
Permanent · MINOOKA
MACY'S
Asset Protection Detective, West Covina - Full Time
Permanent · WEST COVINA
MACY'S
Asset Protection Detective, Westminster - Part Time
Permanent · WESTMINSTER
MACY'S
Asset Protection Detective, Irving Mall - Part Time
Permanent · IRVING
MACY'S
Retail Fulfillment Associate, Silver Lake - Part Time
Permanent · COEUR D'ALENE
MACY'S
Retail Fulfillment Associate, Memorial City - Part Time
Permanent · HOUSTON
MACY'S
Material Handler, Chicago - Full Time (3280)
Permanent · MINOOKA
NEW BALANCE
Inbound Logistics Manager
Permanent · LAWRENCE
SPECIALIZED
Fulfillment Specialist FT (OH)
Permanent · COLUMBUS
STAND OUT FOR GOOD
Brand Rep (Sales Associate)
Permanent · WILMINGTON
STAND OUT FOR GOOD
Brand Rep
Permanent · LEXINGTON
EBAY
Authentication Ops Project Manager
Permanent · SAN JOSE
RALPH LAUREN
PT Operations
Permanent · BAL HARBOUR
ADIDAS
Project Manager - Global Team Sports
Permanent · PORTLAND
QVC
Security Shift Leader
Permanent · SUFFOLK
QVC
on Camera Talent Recruitment & Casting Partner
Permanent · WEST CHESTER
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - Norwalk
Permanent · NORWALK
BELK
Store Fulfillment Associate - Full Time
Permanent · FRANKLIN
BELK
Asset Protection Lead - Full Time
Permanent · AUBURN
Published
Jun 24, 2022
Reading time
2 minutes
Download
Download the article
Print
Text size

Birks fiscal 2022 sales outpace pre-pandemic levels

Published
Jun 24, 2022

Canadian jeweller Birks Group announced on Thursday revenues for the fiscal 2022 year surged by more than 25%, on the back of a hefty increase in comparable store sales, with revenues for the year outperforming pre-pandemic levels in 2019.


Birks


The Montreal-based company said net sales for fiscal 2022 were $181.3 million, an increase of $38.2 million, or 26.7%, compared to fiscal 2021. The company attributed the uptick to a strong performance in its retail channel, fueled by improved performance of third party branded timepieces and Bijoux Birks branded jewelry and bridal collections.

Likewise, comparable store sales increased by 32.5%. The increase was primarily related to the reduced impact of Covid-19 (including government-mandated temporary store closures, traffic declines and capacity limitations) experienced by the company during the period ending March 26, 2022, as compared to during fiscal 2021.

Birks also returned to profit for the year, recording net income of $1.3 million, or $0.07 share, compared to a net loss of $5.8 million, or $0.32 per share for the prior-year period.

“We are pleased to report that fiscal 2022 was a successful year for Birks, which speaks to our teams’ ability to deliver sustained growth across the business under challenging circumstances, their hard work, and their relentless dedication to our customers and company," said ​Jean-Christophe Bédos, president and chief executive officer of Birks Group.

In fiscal 2022, Birks has shifted from recovering from the impacts of Covid-19 to growing beyond pre-pandemic levels, as our results are strong not only compared to fiscal 2021, but also compared to fiscal 2020, which was not impacted by Covid-19. Our return to profitability is a significant milestone that is indicative of the success of the strategies we implemented to overcome the challenges brought about by Covid-19 during the past two years, and of the turnaround phase of our strategic plan that began pre-pandemic. I am grateful to all our employees for their unwavering efforts and excellent execution during this past year which has allowed us to enter fiscal 2023 from a position of strength.

“I believe that the company today is in a stronger position to achieve its long-term objectives, and I am confident in our potential to achieve meaningful growth as we continue to prioritize investments that we believe will drive shareholder value," added Bédos.

Founded in 1879, Birks Group is a designer of fine jewellery, timepieces and gifts and operator of luxury jewellery stores in Canada. The company operates 24 stores under the Maison Birks brand in most major metropolitan markets in Canada, one retail location in Calgary under the Brinkhaus brand, one retail location in Vancouver operated under the Graff brand and one location in Vancouver under the Patek Philippe brand. 

Bijoux Birks fine jewellery collections are also available through select Saks Fifth Avenue stores in Canada and the U.S.; select Mappin & Webb and Goldsmiths locations in the United Kingdom; in Mayors stores in the United States as well as several jewellery retailers across North America and the E.U. 

Copyright © 2024 FashionNetwork.com All rights reserved.