MillerKnoll (NASDAQ: MLKN) shares surged 6.11% in pre-market trading, following the company's Q3 2025 earnings call which highlighted strong retail performance and ambitious expansion plans. The furniture maker's stock price movement reflects investor optimism about the company's future prospects despite some challenges in its contract business.

According to the earnings call highlights, MillerKnoll reported a significant 15% increase in global retail orders, with North America showing particularly robust demand. This strong retail performance seems to have overshadowed the reported quarterly loss of $0.19 per share. The company also announced plans to expand its retail footprint, aiming to open 10 to 15 new locations in fiscal 2026, signaling confidence in its growth strategy.

Further bolstering investor sentiment, MillerKnoll reported a 65% increase in new product launches compared to the previous year, demonstrating a strong pipeline for future growth. However, the company faces some headwinds, including lower-than-expected North American contract orders and potential tariff-related uncertainties. Despite these challenges, MillerKnoll's management expressed optimism about the start of Q4, although they remain cautious in their guidance due to macroeconomic uncertainties. The pre-market stock surge suggests that investors are focusing on the company's strong retail performance and growth initiatives rather than its short-term challenges.