×
74
Fashion Jobs
SHISEIDO
Manager - Digital Marketing, Clé de Peau Beauté
Permanent · Hong Kong
SHISEIDO
Manager - Marketing, Shiseido And Drunk Elephant
Permanent · Hong Kong
SHISEIDO
Manager - Retail Experience And Operations, Nars
Permanent · Hong Kong
SHISEIDO
Manager - CRM, Nars
Permanent · Hong Kong
LEVI'S
Senior Specialist, Human Resources
Permanent · Hong Kong
PUMA
Executive, Marketing
Permanent · Hong Kong
SHISEIDO
Senior Manager, Supply Chain Management
Permanent · Hong Kong
SHISEIDO
Manager - Marketing, Shiseido Fragrance Division And dg Beauty
Permanent · Hong Kong
AESOP
Assistant Marketing Manager, Brand Partnership
Permanent · Hong Kong
AESOP
Retail Consultant | Hong Kong And Macau
Permanent · Central
SHISEIDO
Contract Accounting Officer, Finance And Accounts
Permanent · Hong Kong
SHISEIDO
Manager - Business Planning, Ipsa
Permanent · Hong Kong
PUMA
Intern, Sales Executive (12-Month Full Time Progra…
Internship · Hong Kong
SHISEIDO
Senior Officer - Marketing, Nars And Bare Minerals
Permanent · Hong Kong
AESOP
Architectural Designer, Asia
Permanent · Hong Kong
SHISEIDO
Senior Officer - Marketing, Nars And Bare Minerals
Permanent · Hong Kong
SHISEIDO
Part Time Assistant - Sales & Operations, Shiseido And Drunk Elephant
Permanent · Hong Kong
GUSTO LUXE (FORMERLY REUTER COMMUNICATIONS)
PR Intern
Internship · 香港
SHISEIDO
Manager - Education, Shiseido Fragrance Division
Permanent · Hong Kong
PUMA
Senior Developer Fabric Apparel
Permanent · Hong Kong
PUMA
Developer Digital Development Apparel (6-Month Con…
Permanent · Hong Kong
PUMA
Senior Developer Apparel
Permanent · Hong Kong
Published
Jun 24, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

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 © 2022 FashionNetwork.com All rights reserved.