MillerKnoll (NASDAQ:MLKN) Announces Earnings Results, Beats Expectations By $0.03 EPS

MillerKnoll (NASDAQ:MLKN) posted its earnings results on Wednesday. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.03, FiscalAI reports. MillerKnoll had a net margin of 2.38% and a return on equity of 9.83%. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $973.87 million. During the same period in the prior year, the company posted $0.60 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. MillerKnoll updated its FY 2027 guidance to 1.850-2.150 EPS and its Q1 2027 guidance to 0.330-0.390 EPS.

Here are the key takeaways from MillerKnoll’s conference call:

• MillerKnoll reported fourth-quarter revenue of just over $1 billion, up 4.4% year over year and above guidance, with adjusted EPS of $0.55 at the top end of expectations.
• For fiscal 2026, the company generated $3.8 billion in net sales and adjusted EPS of $1.86, while also producing $200 million of operating cash flow and reducing debt by $41 million.
• North America Contract delivered solid sales growth and margin expansion in the quarter, and management said demand indicators such as funnel activity, project wins, showroom traffic, and leasing trends remain encouraging.
• Global Retail continued to gain share, with comparable sales up 3.6% in the quarter and management expecting operating margin expansion in each quarter of fiscal 2027 as new stores mature.
• Management is shifting its retail strategy toward more smaller Herman Miller stores and is addressing Holly Hunt underperformance through restructuring, cost alignment, and leadership changes.

MillerKnoll Stock Performance

NASDAQ:MLKN opened at $19.31 on Friday. The firm has a market cap of $1.32 billion, a PE ratio of 14.63, a price-to-earnings-growth ratio of 0.72 and a beta of 1.41. MillerKnoll has a fifty-two week low of $13.77 and a fifty-two week high of $23.18. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.92 and a current ratio of 1.64. The business has a 50 day moving average price of $15.94 and a 200-day moving average price of $17.75.

MillerKnoll Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Saturday, May 30th will be given a $0.1875 dividend. The ex-dividend date is Friday, May 29th. This represents a $0.75 annualized dividend and a yield of 3.9%. MillerKnoll’s payout ratio is presently 535.71%.

Hedge Funds Weigh In On MillerKnoll

Hedge funds have recently modified their holdings of the company. Alliancebernstein L.P. grew its stake in shares of MillerKnoll by 7.1% in the third quarter. Alliancebernstein L.P. now owns 5,166,059 shares of the company’s stock worth $91,646,000 after purchasing an additional 340,917 shares during the last quarter. Invesco Ltd. lifted its holdings in MillerKnoll by 8.0% in the 4th quarter. Invesco Ltd. now owns 1,956,425 shares of the company’s stock worth $35,763,000 after buying an additional 145,544 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in MillerKnoll by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,552,213 shares of the company’s stock worth $28,374,000 after buying an additional 50,843 shares during the period. Wellington Management Group LLP grew its position in shares of MillerKnoll by 46.4% in the 4th quarter. Wellington Management Group LLP now owns 1,305,280 shares of the company’s stock worth $23,861,000 after buying an additional 413,531 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of MillerKnoll by 12.7% in the 2nd quarter. Bank of America Corp DE now owns 1,040,492 shares of the company’s stock worth $20,206,000 after buying an additional 117,000 shares during the last quarter. Hedge funds and other institutional investors own 87.50% of the company’s stock.

More MillerKnoll News

Here are the key news stories impacting MillerKnoll this week:

• Positive Sentiment: MillerKnoll’s fiscal Q4 earnings and revenue both topped expectations, with EPS of $0.55 versus $0.52 expected and revenue of about $1.0 billion versus $973.9 million expected, reinforcing the view that demand remains resilient. Article Title
• Positive Sentiment: The company also issued FY2027 guidance of $1.85-$2.15 EPS and Q1 2027 guidance of $0.33-$0.39 EPS, which gave investors a clearer roadmap for the next year. Article Title
• Positive Sentiment: Sidoti raised several out-year estimates, including FY2027 EPS to $2.01 from $1.99 and FY2028 EPS to $2.46 from $2.38, suggesting analysts see improving profitability ahead. Article Title
• Positive Sentiment: Sidoti also lifted its Q4 2027 EPS estimate to $0.74 from $0.64 and Q4 2028 EPS to $0.85 from $0.72, signaling confidence in longer-term earnings momentum. Article Title
• Positive Sentiment: Investors may also be encouraged that the stock has been trading above its recent moving averages following the earnings release, reflecting improving sentiment around the name.
• Neutral Sentiment: Sidoti trimmed some near-term estimates for MillerKnoll’s Q1-Q3 2027 and Q1-Q2 2028, indicating some quarter-to-quarter volatility in the outlook. Article Title
• Neutral Sentiment: The earnings release and commentary suggest management is prioritizing cost control, cash flow, debt reduction, and smaller-format retail growth, which may help over time but does not change the near-term picture by itself. Article Title
• Negative Sentiment: Some analyst revisions were modestly lower, including cuts to Q1 2028, Q2 2028, and Q3 2027 EPS estimates, which may temper enthusiasm for the pace of earnings growth. Article Title

Analyst Ratings Changes

Several equities analysts recently commented on the company. Zacks Research upgraded MillerKnoll from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 26th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of MillerKnoll in a research note on Friday, April 24th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, MillerKnoll has an average rating of “Hold”.

MillerKnoll Company Profile

MillerKnoll, Inc (NASDAQ: MLKN) is a global design and manufacturing company specializing in furniture, lighting, textiles, rugs and accessories for residential and commercial environments. The company’s portfolio features well-known brands such as Herman Miller, Knoll, Maharam, Geiger and Tuyama, offering solutions for office, healthcare, education, hospitality and home settings. Products span seating, workstations, tables, storage systems and outdoor furnishings, complemented by a range of services including space planning, ergonomic consulting and installation support.

Formed in July 2021 through the merger of Herman Miller and Knoll, MillerKnoll combines more than a century of design heritage with a modern portfolio of sustainable products and materials.