Birks Group (FRA:2BG) Retained Earnings : €-84.7 Mil (As of Sep. 2023)

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What is Birks Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Birks Group's retained earnings for the quarter that ended in Sep. 2023 was €-84.7 Mil.

Birks Group's quarterly retained earnings increased from Sep. 2022 (€-87.4 Mil) to Mar. 2023 (€-82.5 Mil) but then declined from Mar. 2023 (€-82.5 Mil) to Sep. 2023 (€-84.7 Mil).

Birks Group's annual retained earnings declined from Mar. 2021 (€-76.7 Mil) to Mar. 2022 (€-81.3 Mil) and declined from Mar. 2022 (€-81.3 Mil) to Mar. 2023 (€-82.5 Mil).

Birks Group Retained Earnings Historical Data

The historical data trend for Birks Group's Retained Earnings can be seen below:

* 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.

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Birks Group Retained Earnings Chart

Birks Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Retained Earnings

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-65.18

-70.57

-76.66

-81.34

-82.49

Birks Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Retained Earnings	Get a 7-Day Free Trial															-76.28	-81.34	-87.39	-82.49	-84.71

Birks Group Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Birks Group (FRA:2BG) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Birks Group (FRA:2BG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Birks Group Inc (FRA:2BG) » Definitions » Retained Earnings

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Traded in Other Exchanges

BGI:USA 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 segment includes Retail and other. The company generates maximum revenue from the Retail segment. Its retail segment consists of retail operations whereby it operates approximately 21 stores in Canada under the Maison Birks brand, one store under the Brinkhaus brand, one store under the Graff brand, and one store under the Patek Phillippe brand. The other segment consists mainly of wholesale business, e-commerce business, and gold exchange business.

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