MillerKnoll stock gets earnings lift after fiscal outlook cut

Published on 10/04/2026 at 21:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

MillerKnoll stock delivered adjusted EPS of USD 0.53 for Q1 FY2027 on September 22, 2026. Revenue fell 3.4 percent to USD 923.4 million as sales guidance was cut.

MLKN, US6005441000, Illustration mit AI erstellt.

MillerKnoll (ISIN US6005441000) delivered adjusted diluted EPS of USD 0.53 in fiscal Q1 2027, while revenue fell 3.4 percent to USD 923.4 million. The results released on September 22, 2026, paired stronger earnings with a lower full-year sales outlook, putting margin gains against softer demand.

Profit rises as sales weaken

According to StockTitan on September 22, 2026, GAAP diluted EPS increased to USD 0.38 from USD 0.29 in the prior-year quarter, while adjusted diluted EPS rose to USD 0.53 from USD 0.45. The adjusted figure therefore increased 17.8 percent year over year, but the company said the quarter included a USD 0.11 per-share benefit from tariff refunds.

Gross margin advanced to 41.7 percent from 38.5 percent, a 3.2 percentage-point improvement, and adjusted gross margin reached 41.8 percent. Operating cash flow also rose to USD 49.1 million from USD 9.4 million, giving the earnings improvement a cash-flow counterpart.

Sales outlook moves lower

The pressure sits on the top line. MillerKnoll reduced fiscal 2027 net sales guidance to USD 3.88 billion to USD 4.03 billion from USD 3.93 billion to USD 4.13 billion, while maintaining adjusted EPS guidance at USD 1.85 to USD 2.15, according to StockTitan.

The segment mix explains the tension. North America Contract sales declined 5.3 percent to USD 505.6 million, while International Contract sales fell 6.4 percent to USD 156.8 million. Global Retail provided a counterweight, with sales up 2.6 percent to USD 261.0 million and adjusted operating margin at 7.0 percent.

Consensus target stays above Nasdaq price

MarketScreener listed an Outperform consensus from 2 analysts, with an average target price of USD 35.00 and a last close of USD 20.32 in its September 22, 2026 data. Against MillerKnoll stock's USD 20.24 Nasdaq price on October 2, 2026, that target is 72.9 percent above the stock, although the consensus figure and the market quote carry different dates.

MillerKnoll stock was last at USD 20.24 on Nasdaq on October 2, 2026 at 4:00 p.m. ET, up 0.45 percent from the prior close. The session volume was 584,387 shares, the market capitalization was USD 1.4 billion, and the 52-week range was USD 13.77 to USD 24.71, leaving the price 18.1 percent below the yearly high.