MillerKnoll cut its full-year sales forecast after its top line fell in the latest quarter, with the company pointing to softer-than-expected demand.

The office-furniture company said Tuesday it now expects sales of $3.88 billion to $4.03 billion this fiscal year, down from its prior forecast of $3.93 billion to $4.13 billion. The company backed its full-year profit guidance, continuing to project adjusted earnings per share of $1.85 to $2.15.

For the second quarter, MillerKnoll forecast adjusted earnings per share of 43 cents to 49 cents and sales of $972 million to $1.01 billion. Analysts polled by FactSet expect adjusted earnings of 46 cents a share on sales of $1.01 billion.

The outlooks came as the company reported lower sales in the fiscal first quarter. Interim Chief Executive Jeff Stutz said demand was softer than the company expected, but MillerKnoll is confident in its earnings forecasts and is focusing on setting its priorities, keeping a lid on costs and strengthening its balance sheet.

"Our results this quarter reflect the early impact of this work, and we expect this progress to continue," Stutz said.

First-quarter profit came in at $26.6 million, or 38 cents a share, up from $20.2 million, or 29 cents a share, a year earlier.

Adjusted earnings per share were 53 cents, compared with analyst estimates of 35 cents, according to FactSet.

Sales fell 3.4% to $923.4 million, compared with analyst estimates of $940.9 million.