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Birks Group reports Q3 revenue $94.5M vs. $101.4M a year ago

Birks Group reports Q3 total revenues decreased 6.8% to $94.5M, as compared to $101.4M in the prior year's third quarter. The decrease in total revenues is primarily attributable to five fewer store locations, lower revenues related to precious metal refining services offered to customers in Canada and $3.1M of lower reported sales due to currency translation. Comparable store sales for Q3 remained level with the previous year as a 2% increase in comparable store sales in the U.S. was offset by a 2% decline in comparable store sales in Canada.