New Risk • Mar 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$6.7m free cash flow). Negative equity (-CA$21m). Earnings have declined by 21% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$13.3m market cap). 공시 • Feb 11
Birks Group Inc. Announces CFO Changes Birks Group Inc. announced that Katia Fontana, Vice President and Chief Financial Officer, has decided to retire, effective April 1, 2026. Over the last six years, Ms. Fontana has been an integral member of the senior management team, helping guide the Company through strategic transformations and external challenges with professionalism and steady leadership. Birks Group Inc. also announced that Mr. Aldo Battista will be joining the Company on February 11, 2026. During the transition period, Mr. Battista will initially serve as Vice President, Accounting and Treasury, working alongside Ms. Fontana to ensure a smooth and orderly handover of finance and accounting responsibilities before assuming the role of Vice President and Chief Financial Officer on April 2, 2026. Mr. Battista is a Chartered Professional Accountant (CPA) and has over 25 years of experience in finance and accounting. He spent 16 years of his career in the retail industry with Reitmans (Canada) Limited., an apparel retailer, from 2008 to 2024 in various positions, including Vice President, Finance. He began his career as an external auditor with Deloitte from 1991 to 1995. He holds an Executive Master in Business Administration (EMBA) from Queen's University, a Bachelor of Commerce from Concordia University and a Chartered Professional Accountant Designation from l'Ordre des comptables professionnels agréés du Québec. Reported Earnings • Dec 09
First half 2026 earnings released: CA$0.13 loss per share (vs CA$0.16 loss in 1H 2025) First half 2026 results: CA$0.13 loss per share (improved from CA$0.16 loss in 1H 2025). Revenue: CA$93.1m (up 16% from 1H 2025). Net loss: CA$2.56m (loss narrowed 17% from 1H 2025). Over the last 3 years on average, earnings per share has fallen by 36% per year whereas the company’s share price has fallen by 41% per year. New Risk • Dec 07
New major risk - Revenue and earnings growth Earnings have declined by 15% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$9.5m free cash flow). Negative equity (-CA$18m). Earnings have declined by 15% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Market cap is less than US$100m (US$21.2m market cap). New Risk • Nov 26
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$9.5m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$9.5m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-CA$18m). Minor Risk Market cap is less than US$100m (US$21.2m market cap). New Risk • Sep 16
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$9.5m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Negative equity (-CA$18m). Minor Risk Market cap is less than US$100m (US$16.6m market cap). 