BGI (Birks Group) Operating Income: $-0.6 Mil (TTM As of Sep. 2025)

What is Birks Group Operating Income?

Birks Group BGI -1.61% 34 Operating Income is $-0.6 Mil as of Sep. 2025. GuruFocus rates BGI with a GF Score™ of 34/100 and a GF Value™ of $2.59 (Possible Value Trap). The stock has 6 warning signs investors should review.

Birks Group's Operating Income for the six months ended in Sep. 2025 was $-0.1 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2025 was $-0.6 Mil.

Warning Sign:

Birks Group Inc had lost money in 67% of the time over the past 3quarters.

Operating Margin % is calculated as Operating Income divided by its Revenue. Birks Group's Operating Income for the six months ended in Sep. 2025 was $-0.1 Mil. Birks Group's Revenue for the six months ended in Sep. 2025 was $67.3 Mil. Therefore, Birks Group's Operating Margin % for the quarter that ended in Sep. 2025 was -0.20%.

Birks Group's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Birks Group's annualized ROC % for the quarter that ended in Sep. 2025 was -0.23%. Birks Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was -0.29%.

Birks Group (AMEX:BGI) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Birks Group's annualized ROC % for the quarter that ended in Sep. 2025 is calculated as:

	ROC % (Q: Sep. 2025 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2025 )	+	Invested Capital (Q: Sep. 2025 ))	/ count )
=	-0.264 * ( 1 - 0% )	/	( (107.992	+	121.123)	/ 2 )
=	-0.264	/	114.5575
=	-0.23 %

where

	Invested Capital		(Q: Mar. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	136.584	-	44.697	-	( 1.051	-	max(0, 104.198	-	88.093	+	1.051	))
=	107.992

	Invested Capital		(Q: Sep. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	154.109	-	46.579	-	( 1.57	-	max(0, 109.964	-	96.371	+	1.57	))
=	121.123

Note: The Operating Income data used here is two times the semi-annual (Sep. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Birks Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2025 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2025		Q: Sep. 2025
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.264	/	( ( (42.034 + max(40.449, 0))	+	(49.597 + max(48.222, 0)) )	/	2 )
=	-0.264	/	( ( 82.483	+	97.819 )	/	2 )
=	-0.264	/	90.151
=	-0.29 %

where Working Capital is:

	Working Capital		(Q: Mar. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.707	+	80.995	+	1.444)	-	(44.697	+	0	+	-1.4210854715202E-14)
=	40.449

	Working Capital		(Q: Sep. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4.174	+	89.245	+	1.382)	-	(46.579	+	0	+	0)
=	48.222

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2025) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Birks Group's Operating Margin % for the quarter that ended in Sep. 2025 is calculated as:

Operating Margin %	=	Operating Income (Q: Sep. 2025 )	/	Revenue (Q: Sep. 2025 )
	=	-0.132	/	67.31
	=	-0.20 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Birks Group Operating Income Related Terms

Birks Group Operating Income Historical Data

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The historical data trend for Birks Group's Operating Income can be seen below:

Birks Group Operating Income Chart

Birks Group Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Operating Income

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-2.24

3.53

-2.78

0.90

-0.66

Birks Group Semi-Annual Data
	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24	Mar25	Sep25
Operating Income	Get a 7-Day Free Trial															0.37	0.53	-0.20	-0.47	-0.13

34GF Score

Birks Group Inc BGI

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Birks Group Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Sep. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-0.6 Mil.

Frequently Asked Questions Learn more about Operating Income →

What does a Operating Income of $-0.6 Mil mean?

Birks Group (BGI) has a Operating Income of $-0.6 Mil as of Sep. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Birks Group and its competitors.

Is Birks Group's Operating Income too high?

Birks Group's current Operating Income is $-0.6 Mil. Overall, Birks Group has a GF Score™ of 34/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.

How does Birks Group's Operating Income compare to BRLT and SORA?

Birks Group's Operating Income of $-0.6 Mil can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Operating Income for a Retail - Cyclical company?

A good Operating Income depends on the Retail - Cyclical industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Operating Income mean?

A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Birks Group and its competitors. Birks Group's current Operating Income is $-0.6 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Birks Group stock overvalued right now?

Based on GuruFocus' analysis, Birks Group (BGI) is currently considered Possible Value Trap. The stock's GF Value™ is $2.59, compared to a current price of $0.55 — trading 78.8% below its estimated fair value. The current Operating Income is $-0.6 Mil. Birks Group's overall GF Score™ is 34/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Operating Income calculated?

Operating Income is calculated from a company's financial statements. For Birks Group (BGI), the current Operating Income is $-0.6 Mil as of Sep. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Birks Group (BGI) Overvalued in 2026?

Based on GuruFocus' analysis, Birks Group stock appears to be undervalued. The current stock price of $0.55 is trading 78.8% below its estimated GF Value™ of $2.59. GuruFocus considers Birks Group to be Possible Value Trap.

Key valuation signals for BGI:

Operating Income: $-0.6 Mil
GF Value™: $2.59 vs. price of $0.55 (78.8% below fair value)
GF Score™: 34/100 with 6 warning signs

No single metric tells the full story. See the BGI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Birks Group Business Description

Industry Consumer Cyclical Retail - Cyclical

Comparable Companies BRLT SORA XPAR:MC XPAR:RMS XSWX:CFR XPAR:CDI NSE:TITAN XPAR:KER TPR HKSE:01929 XSWX:UHR HKSE:01913 OCSE:PNDORA HKSE:06181 MIL:BC LSE:BRBY BOM:543278 SZSE:301071 SIG SHSE:600655

Other Exchanges 2BG:Germany

Address 2020 Robert-Bourassa Boulevard, Suite 200, Montreal, QC, CAN, H3A 2A5

Website https://www.birks.com

Birks Group Inc is a part of the leisure industry. The company designs, develops, produces, and retails fine jewelry, timepieces, and gifts. Its operating segments include Retail and Other. The company generates maximum revenue from the Retail segment. Its retail segment consists of retail operations whereby it operates stores in Canada under the Maison Birks, Brinkhaus, Graff, and Patek Phillippe brands. The other segment consists mainly of wholesale business, e-commerce business, and gold exchange business.

34GF Score

Get the complete analysis for BGI

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.55

Price

$2.59

GF Value

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