MillerKnoll Inc. has released its financial results for fiscal 2025, reporting a 2.2% increase in net sales, reaching $660 million, compared to $645.6 million in fiscal 2024. The growth was driven by an increase in sales volume within the segment, which contributed approximately $28 million. However, this was partially offset by incremental discounting, net of price increases, which negatively impacted sales by about $11 million, and unfavorable foreign currency translation amounting to approximately $3 million. The company's operating earnings rose by $1.7 million, or 2.8%, to $63.3 million, up from $61.6 million in the previous fiscal year. This increase was attributed to a $7.7 million rise in gross margin, supported by the sales increase and a gross margin percentage improvement of 40 basis points. Despite the positive sales performance, MillerKnoll reported a decline in net earnings, moving from a profit of 2.3% of net sales in fiscal 2024 to a net loss of 0.9% in fiscal 2025. The net earnings attributable to MillerKnoll, Inc. also showed a negative shift from 2.3% to -1.0% of net sales during the same period. The increase in operating expenses, which rose from 34.5% to 37.4% of net sales, contributed to the reduced profitability.