EX-99.2

EXHIBIT 99.2

BIRKS GROUP INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)


	September 27, 2025			March 29, 2025
Assets
Current assets:
Cash and cash equivalents	$	2,172		$	1,509
Accounts receivable and other receivables		5,774			6,608
Inventories		123,461			116,277
Prepaids and other current assets		1,913			2,072

Total current assets		133,320			126,466
Long-term receivables		1,372			1,084
Equity investment in joint venture		6,487			5,169
Property and equipment		24,936			25,380
Operating lease right-of-use assets		43,677			34,964
Intangible assets and other assets		2,725			3,017
Goodwill		677			—

Total non-current assets		79,874			69,614

Total assets	$	213,194		$	196,080

Liabilities and Stockholders’ Equity (Deficiency)
Current liabilities:
Bank indebtedness	$	73,513		$	73,630
Accounts payable		56,947			58,114
Accrued liabilities		7,490			6,053
Current portion of long-term debt		4,959			4,860
Current portion of operating lease liabilities		9,215			6,929

Total current liabilities		152,124			149,586
Long-term debt		35,514			21,374
Long-term portion of operating lease liabilities		43,772			38,629
Other long-term liabilities		2,319			4,502

Total long-term liabilities		81,605			64,505
Stockholders’ equity (deficiency):
Class A common stock – no par value, unlimited shares authorized, issued and outstanding 11,876,717		42,854			42,854
Class B common stock – no par value, unlimited shares authorized, issued and outstanding 7,717,970		57,755			57,755
Preferred stock – no par value, unlimited shares authorized, none issued		—			—
Additional paid-in capital		19,719			19,719
Accumulated deficit		(140,853	)		(138,295	)
Accumulated other comprehensive (loss) income		(10	)		(44	)

Total stockholders’ equity (deficiency)		(20,535	)		(18,011	)

Total liabilities and stockholders’ equity (deficiency)	$	213,194		$	196,080

See accompanying notes to Unaudited Condensed Consolidated Financial Statements.