Profile
Sector:
Consumer CyclicalIndustry:
Furnishings, Fixtures & AppliancesCountry:
United StatesIPO:
17 March 1980Website:
http://www.millerknoll.comNext earnings report:
26 September 2024Last dividends:
31 May 2024Next dividends:
N/APrice
after hours | Fri, 28 Jun 2024 20:07:31 GMTAnalysts recommendations
Institutional Ownership
MLKN Latest News
MillerKnoll's (MLKN) third-quarter fiscal 2024 results benefit from strategic inventory management, improved gross margins and pricing initiatives.
MillerKnoll (MLKN) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.54 per share a year ago.
Shares of MillerKnoll Inc. dropped more than 14% in the extended session Wednesday after the furniture maker said that a “lagging” housing market, rising interest rates and other headwinds contributed to lower sales.
MillerKnoll's (MLKN) fiscal third-quarter results are likely to ail from geopolitical concerns, persistent inflationary impacts, and elevated market interest rates.
Furniture and lifestyle retail companies have experienced pain from economic uncertainty, but their shares have still performed well. MillerKnoll's recent financial results show a decline in revenue due to economic factors, but its bottom line has improved. The company's profitability metrics and cash flows have shown improvement, indicating a positive trend for the future.
MillerKnoll, Inc. (MLKN) Q2 2024 Earnings Call Transcript
MillerKnoll (MLKN) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.46 per share a year ago.
MillerKnoll's (MLKN) second-quarter fiscal 2024 results are likely to reflect declining sales volume and the impact of the challenging macro-environment. Yet, favorable pricing is likely to have benefited to some extent.
The office furniture business keeps improving in North America.
Does MillerKnoll (MLKN) have what it takes to be a top stock pick for momentum investors? Let's find out.
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What type of business is MillerKnoll?
MillerKnoll, Inc. researches, designs, manufactures, and distributes interior furnishings worldwide. The company operates in four segments: Americas Contract, International Contract, Global Retail, and Knoll. It offers office furniture products under the Aeron, Mirra, Sayl, Embody, Layout Studio, Imagine Desking System, Ratio, Cosm, Tone, and Generation by Knoll names; and other seating and storage products and ergonomic accessories under the About A Chair, Palissade, Eero Saarinen designs, Barcelona, and the Flo monitor arm names. The company also offers office seating, office furniture systems, other freestanding furniture elements, textiles, leather, felt, home furnishings and related services, casegoods, storage products, as well as residential, education, and healthcare furniture solutions. As of May 28, 2022, the company operated 70 retail studios including 35 operates under the DWR brand, 7 under the HAY brand, 22 Herman Miller stores, 2 Muuto stores, 3 Knoll stores, and a multi-brand Chicago store. Its products are used in institutional, health/science, and residential and other environments; transportation terminals; and industrial and educational settings. The company markets its products through its sales staff, and independent dealers and retailers, as well as e-commerce websites. The company was formerly known as Herman Miller, Inc. and changed its name to MillerKnoll, Inc. in November 2021. MillerKnoll, Inc. was incorporated in 1905 and is headquartered in Zeeland, Michigan.
What sector is MillerKnoll in?
MillerKnoll is in the Consumer Cyclical sector
What industry is MillerKnoll in?
MillerKnoll is in the Furnishings, Fixtures & Appliances industry
What country is MillerKnoll from?
MillerKnoll is headquartered in United States
When did MillerKnoll go public?
MillerKnoll initial public offering (IPO) was on 17 March 1980
What is MillerKnoll website?
https://www.millerknoll.com
Is MillerKnoll in the S&P 500?
No, MillerKnoll is not included in the S&P 500 index
Is MillerKnoll in the NASDAQ 100?
No, MillerKnoll is not included in the NASDAQ 100 index
Is MillerKnoll in the Dow Jones?
No, MillerKnoll is not included in the Dow Jones index
When does MillerKnoll report earnings?
The next expected earnings date for MillerKnoll is 26 September 2024