MillerKnoll (MLKN.US) experienced a sharp decline of more than 22% during early trading on Thursday, hitting a new low for the year, with its share price currently at $14.96. The drop follows the company's release of its fiscal 2026 third-quarter results on March 25. Adjusted earnings per share came in at $0.43, slightly below the analyst estimate of $0.45 and down modestly year-over-year. Net sales of $927 million also missed the consensus forecast of $942 million, failing to meet market expectations on profitability. Furthermore, MillerKnoll issued fourth-quarter net sales guidance in the range of $955 million to $995 million, which fell short of the market's projected $993 million. The weaker-than-expected revenue outlook has heightened investor concerns over the company's growth momentum.