EX-99.3 4 d131028dex993.htm EX-99.3

EX-99.3

EXHIBIT 99.3

BIRKS GROUP INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share amounts)

		26 weeks ended September 27, 2025				26 weeks ended September 28, 2024
Net sales		$	93,117			$	80,118
Cost of sales			56,651				48,859
Gross profit			36,466				31,259
Selling, general and administrative expenses			32,958				27,827
Depreciation and amortization			3,690				3,701
Total operating expenses			36,648				31,528
Operating (loss) income			(182	)			(269	)
Interest and other financial costs			3,694				4,034
(Loss) income before taxes and equity in earnings of joint venture			(3,876	)			(4,303	)
Income taxes (benefits)			—				—
Equity in earnings of joint venture, net of taxes			1,318				1,222
Net (loss) income, net of taxes		$	(2,558	)		$	(3,081	)
Weighted average common shares outstanding:
Basic			19,595				19,226
Diluted			19,595				19,226
Net (loss) income per common share:
Basic		$	(0.13	)		$	(0.16	)
Diluted		$	(0.13	)		$	(0.16	)

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