MillerKnoll Reports Q1 Fiscal 2027 Earnings
MillerKnoll reported first-quarter fiscal year 2027 earnings with revenue of $923 million, a decline of 3.4% compared to the same period last year due primarily to weaker performance in North America Contract and Global Retail segments. Adjusted EPS was $0.53, exceeding guidance at $0.42 when excluding tariff refunds from IEPA. The company highlighted disciplined cost management as key contributors to strong margin performance despite revenue challenges. Jeffrey Stutz, Interim CEO, noted varied demand across business units with stronger orders in International Contract and Global Retail segments offsetting weaker North America Contract results. He emphasized ongoing efforts to improve operational discipline and focus on initiatives that drive top-line growth and profitability. The company remains optimistic about progress made by its teams amid these challenges. Kevin J. Veltman, CFO, will provide further financial details in the full earnings call transcript available online.
Tickers: $MLKN