MillerKnoll Inc
NASDAQ:MLKN
MillerKnoll Inc
MillerKnoll Inc., born from the merger of two iconic companies—Herman Miller and Knoll—represents a powerhouse in the world of design and furniture manufacturing. Rooted in a shared legacy of innovation, the company has cleverly positioned itself at the intersection of timeless design and cutting-edge technology. With a focus on creating high-quality office and home furnishings, MillerKnoll meets the evolving demands of a hybrid work environment, integrating ergonomics and sustainability into its product offerings. Driven by a design ethos that combines aesthetics with functionality, the company collaborates with top-tier designers and leverages a vast portfolio of modern classics and contemporary pieces to capture a diverse customer base.
Financially, MillerKnoll operates through a multi-channel distribution strategy that encompasses both direct-to-consumer sales and a robust network of dealers and retail partners. The company's revenue streams flourish from not only individual consumers but also large-scale commercial clients, including corporations, hotels, and educational institutions. By integrating advanced digital platforms, MillerKnoll facilitates custom design consultations and furnishes an e-commerce experience that extends its global reach. In addition, its commitment to sustainability and innovative design propels it to maintain competitive advantages in the fast-paced furniture industry, ultimately fostering steady financial growth and reinforcing its reputation as a leader in the furniture market.
MillerKnoll Inc., born from the merger of two iconic companies—Herman Miller and Knoll—represents a powerhouse in the world of design and furniture manufacturing. Rooted in a shared legacy of innovation, the company has cleverly positioned itself at the intersection of timeless design and cutting-edge technology. With a focus on creating high-quality office and home furnishings, MillerKnoll meets the evolving demands of a hybrid work environment, integrating ergonomics and sustainability into its product offerings. Driven by a design ethos that combines aesthetics with functionality, the company collaborates with top-tier designers and leverages a vast portfolio of modern classics and contemporary pieces to capture a diverse customer base.
Financially, MillerKnoll operates through a multi-channel distribution strategy that encompasses both direct-to-consumer sales and a robust network of dealers and retail partners. The company's revenue streams flourish from not only individual consumers but also large-scale commercial clients, including corporations, hotels, and educational institutions. By integrating advanced digital platforms, MillerKnoll facilitates custom design consultations and furnishes an e-commerce experience that extends its global reach. In addition, its commitment to sustainability and innovative design propels it to maintain competitive advantages in the fast-paced furniture industry, ultimately fostering steady financial growth and reinforcing its reputation as a leader in the furniture market.
EPS Beat: Adjusted earnings per share of $0.43 exceeded expectations, driven by stronger-than-expected sales and gross margin.
Order Growth: Consolidated orders grew 5.5% year-over-year, with momentum across all three segments, signaling an improving demand environment.
Retail Strength: Global Retail orders rose 6% and North America retail saw 8% order and comp sales growth, with record holiday period performance and strong new store openings.
Contract Recovery: North America Contract orders up 4.8%, with key regions like the Bay Area and Southern California picking up and healthcare orders up 5% year-to-date.
Margin Performance: Gross margin was a strong 39%, above expectations, helped by pricing, product mix, and tariff mitigation actions.
Store Expansion: Company plans to open 14 to 16 new retail stores in the US this fiscal year, supporting its strategy to double its retail footprint.
Positive Outlook: Q3 guidance calls for net sales of $923–963 million (up 7.6% YoY at midpoint) and adjusted EPS of $0.42–0.48, with proactive actions expected to offset tariff impacts.
