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MillerKnoll, Inc. (MLKN)
NASDAQ:MLKN
Earnings Data
Report Date
Jun 25, 2025TBA Not Confirmed
Period Ending
2025 (Q4)Consensus EPS Forecast
0.49Last Year’s EPS
0.67Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 26, 2025
|% Change Since: 4.80%
|Next Earnings Date:Jun 25, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong retail order growth and international market performance, but was weighed down by significant net loss due to impairment charges and uncertainty from tariffs. The expansion in retail locations and increased product assortment are positive signs, yet challenges remain in the contract segments and macroeconomic uncertainties.Company Guidance
During the third quarter of fiscal year 2025, MillerKnoll, Inc. reported consolidated net sales of $876 million, a year-over-year increase, with a gross margin of 37.9%. Adjusted earnings per share were $0.44, aligning with the midpoint of their guidance, despite a consolidated backlog of $686 million being up 7.4% from the previous year. The company noted impressive order growth, particularly in Global Retail, where orders increased by nearly 15% on a reported basis and 17% organically. The North America Contract segment experienced a 1.8% decrease in new orders, while the International Contract segment saw a 1.4% organic increase in new orders. The company also announced a 4.5% list price increase effective June 2nd to navigate tariff-related uncertainties, with an expected tariff-related cost impact of $5 million to $7 million in the fourth quarter. Despite challenges, the company remains committed to growth investments and maintaining balance sheet strength.Impressive Retail Order Growth
Global Retail orders were up nearly 15%, with organic orders up 17% and organic orders adjusted for the year-over-year timing differences in the Black Friday, Cyber Monday period up over 4%. North America retail demand showed cyber-adjusted orders up 14%.
Expansion in Retail Locations
Opened new Design Within Reach studio in Palm Springs and Herman Miller store in Fairfax. Plans to open two more stores in Q4 and 10-15 new locations in fiscal 2026.
Order Growth in International Markets
Positive signs in less mature international markets with strong orders in APMEA, especially in the Middle East, India, and Japan, along with Mexico, Brazil, and parts of mainland Europe.
Increased Product Assortment
New product launches for spring-summer 2025 are up over 65% compared to spring-summer 2024.
Solid Cash Flow and Debt Reduction
Generated $62 million in cash flow from operations, repurchased approximately 786,000 shares, and reduced long-term debt by $61 million.
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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 |
|---|---|---|---|
| Mar 26, 2025 | $18.34 | $20.30 | +10.69% |
| Dec 18, 2024 | $24.12 | $22.80 | -5.47% |
| Sep 19, 2024 | $27.03 | $23.12 | -14.47% |
| Jun 26, 2024 | $25.56 | $25.83 | +1.06% |
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 Jun 25, 2025, TBA Not Confirmed.
What is MillerKnoll, Inc. (MLKN) earnings time?
MillerKnoll, Inc. (MLKN) earnings time is at Jun 25, 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 (Q4) is 0.49.
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