MillerKnoll notched higher sales in its latest quarter, driven by growth in its global retail and North America contract segments.
The office-furniture company on Wednesday reported a fiscal fourth-quarter profit of $23.6 million, or 34 cents a share, compared with a loss of $57.1 million, or 84 cents a share, a year earlier.
Adjusted earnings per share were 55 cents, compared with estimates of 52 cents a share according to analysts polled by FactSet.
Revenue rose 4.4%, to $1 billion, compared with analyst estimates of $973.9 million.
Contract sales gained 6.9% in North America and fell 3.8% internationally. Global retail sales were up 5.5%.
Chief Operating Officer Jeff Stutz said the results were strong relative to the expectations MillerKnoll set heading into the quarter, reflecting the company's geographic and channel diversity.
In March, MillerKnoll said it expected adjusted earnings per share of 49 cents to 55 cents and sales of $955 million to $995 million for the quarter, warning that the Middle East conflict would weigh on sales and drive up logistics costs.
For the current quarter, MillerKnoll guided for adjusted earnings per share of 33 cents to 39 cents and sales of $928 million to $968 million. Analysts expect adjusted per-share earnings of 37 cents on sales of $948.3 million.
For the full year, the company expects adjusted earnings per share of $1.85 to $2.15 and sales of $3.93 billion to $4.13 billion. Analysts expect adjusted per-share earnings of $2.00 on sales of $3.96 billion.
The results and guidance come as Stutz is set to take on the role of chief executive officer on an interim basis on June 30, when Andi Owen is expected to retire from the role. MillerKnoll disclosed the upcoming leadership change earlier this month and said its board would consider internal and external candidates as it works with an executive search firm to identify a permanent successor
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
June 24, 2026 16:51 ET (20:51 GMT)
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