MillerKnoll Guides Q2 Sales to $972M-$1.01B, Above Prior Quarter
MLKN sits 44% above its 52-week low of $13.773.
Summary
MillerKnoll issued Q2 FY2027 revenue guidance of $972 million to $1.01 billion, a step up from the $928-$968 million guided for Q1. The company also provided Q2 adjusted EPS guidance of $0.43 to $0.49. MillerKnoll cut its full-year FY2027 sales outlook to $3.88 billion to $4.03 billion, citing soft demand in Q1, while backing its FY27 adjusted EPS guidance of $1.85 to $2.14. The company reported Q1 adjusted EPS of $0.53, beating expectations, with orders up 3.2% despite a 3.4% sales decline. The higher Q2 range suggests management expects sequential improvement, likely reflecting order momentum. The stock may react positively to the stronger outlook, though the range still implies a year-over-year decline at the midpoint.
At the time of this announcement, MLKN was trading at $19.80 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $1.4B. The 52-week trading range was $13.77 to $24.71. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.