Birks Group Inc. reported holiday period sales results for the nine weeks ended December 25, 2021. Sales results for the 9 week interim sales period ending December 25, 2021 including a 16.3% net sales increase as compared to the comparable period in Fiscal 20201 and a 17.2% net sales increase as compared to the comparable period in Fiscal 2020. For the fiscal year 2022 Holiday Period, net sales were 16.3% greater than last year, driven by a comparable store sales increase of 18.4%, primarily as a result of strong sales performances in the Bijoux Birks brand product sales and in the third-party watches and jewelry categories.

The 16.3% sales growth achieved in the fiscal 2022 Holiday Period was also a result of the Company's retail network being fully opened, as compared to the comparable period in FY2021 in which seven of the Company's 29 retail locations were temporarily closed for in-person shopping due to government mandated COVID-19 closures. Net sales during the fiscal year 2022 Holiday Period represent a 17.2% increase over the comparable period in Fiscal 2020, a period unencumbered by COVID-19 restrictions. This increase was driven by sales growth in all categories and selling channels, and demonstrates the on-going success of the continued implementation of the Company's strategic plan including an improved merchandising strategy and tailored marketing campaigns.