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MillerKnoll, Inc. (MLKN)
NASDAQ:MLKN
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Earnings Data
Report Date
Mar 19, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
$0.5Last Year’s EPS
$0.45Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 18, 2024
|% Change Since: -5.47%
|Next Earnings Date:Mar 19, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a mixed outlook with strong performance in specific segments like Americas Contract and Retail during promotional periods, alongside international expansion and sustainability achievements. However, challenges such as slower-than-expected order recovery, declines in international orders, and potential tariff impacts tempered the optimism.Company Guidance
During the MillerKnoll Q2 2025 earnings call, management provided guidance that reflects cautious optimism for the remainder of the fiscal year despite a challenging demand environment. Consolidated net sales for the second quarter were reported at $970 million, a 2.2% increase year-over-year, while orders stood at $922 million, down 2.3% from the previous year. The company maintained a gross margin of 38.8%, with the Americas Contract segment showing promising growth, with net sales up 6.2% organically. However, the International Contract and Specialty segment faced a 6.5% decrease in orders. Looking ahead, MillerKnoll expects net sales for Q3 to range between $903 million and $943 million, with adjusted diluted earnings per share projected between $0.41 and $0.47. The full-year adjusted earnings per share guidance has been narrowed to $2.11 to $2.17, reflecting a tempered outlook due to slower-than-anticipated order rates in Q2. Despite these challenges, the company remains encouraged by positive leading indicators, particularly in its Americas Contract business and retail segment, which saw a mid-single-digit increase in orders during the Black Friday period.Strong Performance in Americas Contract Segment
The Americas contract segment showed a 6.2% organic increase in net sales year-over-year, marking the third consecutive period of order growth, with an operating margin increase to 10.2%.
Retail Segment Success During Promotional Period
The retail segment experienced a mid-single-digit year-over-year increase in orders during the Black Friday holiday cyber promotional period, showing strong performance across all product categories.
International Expansion Efforts
MillerKnoll opened a flagship in London, doubling client appointments compared to last year, and a new fulfillment center in Belgium to enhance efficiency in Europe.
Sustainability Initiatives
Announced elimination of added PFAS from North American product portfolio by May 2025 and globally by May 2027, along with launching more sustainable product options.
Improved Marketing Economics and Initiatives
Retail marketing showed a 5% improvement in return on ad spend, with selling initiatives driving average order values 10% above last year.
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MLKN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MLKN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 18, 2024 | $24.33 | $23.00 | -5.47% |
| Sep 19, 2024 | $27.27 | $23.32 | -14.48% |
| Jun 26, 2024 | $25.79 | $26.06 | +1.05% |
| Mar 27, 2024 | $29.90 | $24.25 | -18.90% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does MillerKnoll, Inc. (MLKN) report earnings?
MillerKnoll, Inc. (MLKN) is schdueled to report earning on Mar 19, 2025, TBA Not Confirmed.
What is MillerKnoll, Inc. (MLKN) earnings time?
MillerKnoll, Inc. (MLKN) earnings time is at Mar 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MLKN EPS forecast?
MLKN EPS forecast for the fiscal quarter 2025 (Q3) is $0.5.
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