Birks Group Inc. (BGI) reported quarterly revenue of $40.5 million, up 25.8% from a year earlier, as the luxury jewelry retailer delivered stronger sales and a higher gross profit of $15.4 million, a gain of 33.9% year over year.
The company, however, remained under pressure further down the income statement. Operating profit came in at $1.2 million, while net loss attributable to common shareholders was $304,000, or $(0.02) per diluted share.
Cash generation also weakened, with cash from operating activities at $2.2 million, and capital spending remained modest at $168,000. Birks ended the quarter with $1.1 million in cash and cash equivalents, while total liabilities rose to $169.6 million.
- Revenue: $40.5 million, up 25.8%
- Gross profit: $15.4 million, up 33.9%
- Net loss: $304,000
- Cash and cash equivalents: $1.1 million
- Stock moved lower by 9.14% after the report
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Birks Group Inc. Hedge Fund Activity
We have seen 1 institutional investors add shares of Birks Group Inc. stock to their portfolio, and 6 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CITADEL ADVISORS LLC removed 26,292 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $18,049
- SCOTIA CAPITAL INC. removed 18,000 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $12,357
- UBS GROUP AG removed 14,846 shares (-35.3%) from their portfolio in Q1 2026, for an estimated $10,191
- DRW SECURITIES, LLC removed 13,960 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $9,583
- XTX TOPCO LTD added 12,907 shares (+inf%) to their portfolio in Q1 2026, for an estimated $8,860
- JANE STREET GROUP, LLC removed 10,174 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $6,984
- MORGAN STANLEY removed 1,562 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $1,072
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
