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Segmented information
 12 Months Ended
Mar. 25, 2023
Segment Reporting [Abstract]  
Segmented information
13.
Segmented information:
The Company has two reportable segments Retail and Other. As of March 25, 2023, Retail operated 21 stores across Canada under the Maison Birks brand, one retail location in Calgary under the Brinkhaus brand, two retail locations in Vancouver under the Graff and Patek Philippe brands, and one retail location in Laval under the Breitling brand. During fiscal 2023, the Company closed two stores (three stores in fiscal 2022) operating under the Maison Birks banner and did not open any new stores. Other consists primarily of our e-commerce business, wholesale business and gold exchange program. The two reportable segments are managed and evaluated separately based on unadjusted gross profit. 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. 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 25, 2023, March 26, 2022, and March 27, 2021, respectively, is set forth below:
 
    
Retail
     
Other
     
Total
  
    
2023
     
2022
     
2021
     
2023
     
2022
     
2021
     
2023
     
2022
     
2021
  
     (In thousands)  
Sales to external customers
    $ 153,428      $ 167,819      $ 130,758      $ 9,522      $ 13,523      $ 12,310      $ 162,950      $ 181,342      $ 143,068  
Inter-segment sales
      —          —          —          493        574        681        493        574        681  
Unadjusted Gross profit
      67,184        72,061        51,029        6,961        6,961        5,989        71,924        79,022        57,018  
The following sets forth reconciliations of the segments’ gross profits and certain unallocated costs to the Company’s consolidated gross profits for the years ended March 25, 2023, March 26, 2022, and March 27, 2021:
 
    
Fiscal Year Ended
  
    
March 25, 2023
     
March 26, 2022
     
March 27, 2021
  
    
(In thousands)
  
Unadjusted gross profit
    $ 71,924      $ 79,022      $ 57,018  
Inventory provisions
      (849 )       (383 )       (736 ) 
Other unallocated costs
      (3,153 )       (2,445 )       38  
Adjustment of intercompany profit
      38        26        30  
  
 
 
     
 
 
     
 
 
  
Gross profit
    $ 67,960      $ 76,220      $ 56,350  
  
 
 
     
 
 
     
 
 
  
 
Sales by classes of similar products and by channel were as follows:
 
     Retail      Other      Total  
    
2023
     
2022
     
2021
     
2023
     
2022
     
2021
     
2023
     
2022
     
2021
  
                          (In thousands)                
Jewelry and other
    $ 77,611      $ 78,586      $ 55,743      $ 8,187      $ 11,936      $ 11,553      $ 85,798      $ 90,522      $ 67,296  
Timepieces
      75,817        89,233        75,015        1,135        1,587        757        77,152        90,820        75,772  
  
 
 
     
 
 
     
 
 
     
 
 
     
 
 
     
 
 
     
 
 
     
 
 
     
 
 
  
   $ 153,428      $ 167,819      $ 130,758      $ 9,522      $ 13,523      $ 12,310      $ 162,950      $ 181,342      $ 143,068