MillerKnoll, Inc. ( (MLKN) ) has released its Q3 earnings. Here is a breakdown of the information MillerKnoll, Inc. presented to its investors.
MillerKnoll, Inc. is a prominent company in the furniture industry, known for its diverse portfolio of brands that design and manufacture modern furnishings for various environments, including office, retail, and residential spaces.
In its third quarter fiscal 2025 earnings report, MillerKnoll, Inc. announced a slight increase in consolidated net sales, driven primarily by strong performance in its Global Retail segment, particularly in North America. The company also highlighted a new reporting segment structure to better align with its long-term strategies.
Key financial metrics revealed a 0.4% year-over-year increase in net sales to $876.2 million, with a notable 14.7% rise in Global Retail orders. However, the company faced challenges with a reported diluted loss per share of $0.19, impacted by special charges, including a significant impairment of goodwill and trade names. Despite these setbacks, adjusted earnings per share remained relatively stable at $0.44.
Looking ahead, MillerKnoll remains cautiously optimistic, focusing on cost management and strategic investments in growth areas such as store expansion and product diversification. The company anticipates continued demand in its Global Retail segment, while navigating economic uncertainties related to tariffs and supply chain dynamics.