Stock Track | MillerKnoll Plunges 16.12% in Post-Market on Earnings Miss and Weak Outlook Tied to Middle East Conflict

Stock Track

03/26

MillerKnoll's stock plummeted 16.12% in post-market trading on Wednesday, following the release of its fiscal third-quarter 2026 results.

The office-furniture company reported adjusted earnings per share of $0.43, missing the consensus estimate of $0.45. Revenue for the quarter came in at $926.6 million, also falling short of analyst expectations. Furthermore, the company issued a disappointing outlook for the current quarter, forecasting adjusted EPS in the range of $0.49 to $0.55 and revenue of $955 million to $995 million, both below Wall Street's estimates.

The company attributed the softer guidance to the ongoing conflict in the Middle East, which it expects will result in minimal shipments to the region and drive up logistics costs. MillerKnoll stated this would create an incremental operating expense headwind of approximately $8 million to $9 million for its fiscal fourth quarter.

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