MillerKnoll, Inc. ( (MLKN) ) just unveiled an announcement.
MillerKnoll, Inc. announced changes to its organizational structure and reporting segments effective March 1, 2025, aligning with long-term strategies to enhance visibility into performance in key markets. The new segments are North America Contract, International Contract, and Global Retail. For the third quarter of fiscal year 2025, the company reported a 0.4% increase in consolidated net sales, driven by strong performance in North America and Global Retail. Despite challenges such as unfavorable channel and product mix, the company maintained its earnings expectations, taking proactive steps to improve profitability amidst economic uncertainties. Special charges of $140.2 million were recorded, including restructuring actions and impairment of goodwill.
More about MillerKnoll, Inc.
MillerKnoll, Inc. operates in the furniture industry, focusing on the design, sourcing, manufacture, and sale of furniture products. Its market focus includes office, healthcare, and educational environments in North America, as well as international markets such as Europe, the Middle East, Africa, Asia-Pacific, and Latin America. The company also engages in global retail operations, selling modern design furnishings and accessories through various channels.
YTD Price Performance: -16.88%
Average Trading Volume: 538,016
Technical Sentiment Signal: Buy
Current Market Cap: $1.27B
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