v3.26.1
Segmented information
 12 Months Ended
Mar. 28, 2026
Segment Reporting [Abstract]  
Segmented information
16.
Segmented information:
Birks’ Interim Chief Executive Officer is the Company’s chief operating decision maker (“CODM”). The CODM regularly reviews segment sales, segment cost of sales and segment unadjusted gross profit, after the elimination of any inter-segment transactions, to determine resource allocations and to assess profitability between segments. Birks’ sales are primarily derived from the retailing of jewelry, timepieces, services and other products as generated through the management of its segments. Segment unadjusted gross profit is used by the CODM to monitor and assess segment results compared to prior periods, forecasted results, and our annual profit plan. The Company aggregates operating segments with similar economic, operating and other characteristics.
The Company has two reportable segments, Retail and Other. As of March 28, 2026, Retail operated 17 stores across Canada 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, one retail location in Vancouver under the Patek Philippe brand, four retail locations in Laval, Ottawa and Toronto under the Breitling brand, one retail location in Toronto under the Omega brand, one retail location in Toronto under the Montblanc brand, and four retail locations in the Greater Toronto Area under the European Boutique brand. During fiscal 2026, the Company closed one store (one store in fiscal 2025 and three stores in fiscal 2024), and acquired four European Boutique multi-brand stores and three mono-brand boutiques through the European Acquisition (five new retail stores in fiscal 2025 and none in 2024). Other consists primarily of our e-commerce business, wholesale business (in fiscal 2025 and 2024) and gold exchange program. The two reportable segments are managed and evaluated by the CODM separately based on unadjusted gross profit. Sales and long-lived assets (other than financial instruments and deferred taxes) attributed to other foreign countries are not material and have not been disclosed separately. The significant segment expenses used by the CODM are Cost of sales Jewelry and other and Cost of sales timepieces. The accounting policies used for each of the segments are the same as those used for the consolidated financial statements. Inter-segment sales are made at amounts of consideration agreed upon between the two segments and intercompany profit is eliminated if not yet earned on a consolidated basis. Inter-segment sales for fiscal 2026, 2025 and 2024 are not material and, therefore, such information is not presented. The Company does not evaluate the performance of the Company’s assets on a segment basis for internal management reporting and, therefore, such information is not presented.
Certain information relating to the Company’s segments
for
the years ended March 28, 2026, March 29, 2025, and March 30, 2024, respectively, is set forth below:
 
    
Retail
     
Other
     
Total
  
    
2026
     
2025
     
2024
     
2026
     
2025
     
2024
     
2026
    
2025
    
2024
  
    
 
(In thousands)		  
Sales by classes of similar products and by channel:
                         
Jewelry and other
   
$
69,240
 
   
$
59,632
 
   
$
76,405
 
   
$
8,886
 
   
$
9,295
 
   
$
9,851
 
   
$
78,126
 
  
$
68,927
 
  
$
86,256
 
Timepieces
   
 
124,564
 
   
 
106,932
 
   
 
97,441
 
   
 
2,734
 
   
 
1,948
 
   
 
1,578
 
   
 
127,298
 
  
 
108,880
 
  
 
99,019
 
  
 
 
     
 
 
     
 
 
     
 
 
     
 
 
     
 
 
     
 
 
    
 
 
    
 
 
  
Sales to external customers
   
 
193,804
 
   
 
166,564
 
   
 
173,846
 
   
 
11,620
 
   
 
11,243
 
   
 
11,429
 
   
 
205,424
 
  
 
177,807
 
  
 
185,275
 
Cost of sales:
                         
Jewelry and other
   
 
37,833
 
   
 
32,955
 
   
 
41,735
 
   
 
4,722
 
   
 
4,947
 
   
 
4,985
 
   
 
42,555
 
  
 
37,902
 
  
 
46,720
 
Timepieces
   
 
78,534
 
   
 
67,913
 
   
 
61,150
 
   
 
1,654
 
   
 
1,173
 
   
 
936
 
   
 
80,188
 
  
 
69,086
 
  
 
62,086
 
  
 
 
     
 
 
     
 
 
     
 
 
     
 
 
     
 
 
     
 
 
    
 
 
    
 
 
  
Total cost of sales
(1)
   
 
116,367
 
   
 
100,868
 
   
 
102,885
 
   
 
6,376
 
   
 
6,120
 
   
 
5,921
 
   
 
122,743
 
  
 
106,988
 
  
 
108,806
 
Unadjusted gross profit
(2)
   
 
77,437
 
   
 
65,696
 
   
 
70,961
 
   
 
5,244
 
   
 
5,123
 
   
 
5,508
 
   
 
82,681
 
  
 
70,819
 
  
 
76,469
 
Inventory provisions
                     
 
(994
) 
  
 
(753
) 
  
 
(1,207
) 
Foreign exchange gains (losses)
                     
 
618
 
  
 
(2,428
) 
  
 
(224
) 
Other unallocated costs
                     
 
(3,150
) 
  
 
(1,330
) 
  
 
(1,506
) 
Adjustment of intercompany profit
                     
 
— 
 
  
 
— 
 
 
  
 
23
 
                    
 
 
    
 
 
    
 
 
  
Gross profit
                     
$
79,155
 
  
$
66,308
 
  
$
73,555
 
                    
 
 
    
 
 
    
 
 
  
 
(1)
See Note 2 for information about the nature of expenses included within the cost of sales.
 
(2)
 
This is a reconciliation of the segment’s gross profits and certain unallocated costs to the Company’s consolidated gross profits.