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MillerKnoll (MLKN) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Sep 30, 2026

After Close (Confirmed)

Period Ending

2027 (Q1)

Consensus EPS Forecast

0.36

Last Year’s EPS

0.45

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 1 Analysts Ratings

Earnings Call Summary

Q4 2026

Earnings Call Date:Jun 24, 2026|

% Change Since:

Earnings Call Sentiment|Neutral

The call presented a mix of constructive operating progress and continuing challenges. Positives include steady top-line growth (Q4 +4.4% YoY), North America Contract revenue and margin expansion, Global Retail comparable sales growth, improving price-cost dynamics (e.g., retail price increases and reduced discounting), solid full-year operating cash flow ($200M), and constructive FY2027 guidance (midpoint sales growth ~5% and EPS +7.5%). Offsetting these are notable headwinds: a decline in quarterly adjusted EPS, weaker orders and backlog (though partially explained by a prior-year pull-forward), meaningful weakness and margin compression in International Contract (down double-digits in some order metrics and -470 bps margin), underperformance and restructuring at Holly Hunt, ongoing inflationary pressures and planned incremental investments that will pressure near-term profitability, and leverage (net debt/EBITDA 2.8x) still above target. Overall, the company communicated strategic priorities to improve operating and cost discipline and strengthen the balance sheet, but material international and brand-specific challenges temper the near-term outlook.

Company Guidance

The company guided Q1 FY2027 net sales of $928 million to $968 million, gross margin of 38.7%–39.7%, adjusted operating expense of $316 million–$326 million, and adjusted EPS of $0.33–$0.39; for the full year it expects net sales of $3.93 billion–$4.13 billion (about 5% growth at the midpoint) and adjusted EPS of $1.85–$2.15 (≈7.5% growth at the midpoint). Management expects roughly 40% of FY27 estimated EPS in the first half and 60% in the second half, assumes incremental new-store expense of about $6 million per quarter year‑over‑year, and ~ $25 million of incremental incentive compensation on a full‑year basis; it also plans to open ~9–11 Herman Miller stores and ~5–7 DWR stores and is layering pricing actions (April list increases and an inflation surcharge in June, with a potential international price increase in September) to help mitigate inflation.

Quarterly Revenue Growth

Consolidated net sales of $1.0 billion in Q4, up 4.4% year-over-year (3.7% organic), driven by North America Contract and Global Retail.

Full Year Sales and EPS

Full fiscal year net sales topped $3.8 billion with adjusted EPS of $1.86 for FY2026.

North America Contract Strength

North America Contract net sales of $530 million, up 6.9% reported (6.7% organic); adjusted operating margin expanded to 10.4%, up 40 basis points year-over-year, driven by volume leverage and price capture.

Global Retail Sales and Comparable Growth

Global Retail net sales of $295 million, up 5.5% reported (4.5% organic); comparable sales +3.6% overall and +4.2% in North America. Orders improved +2.8% reported (+2.0% organic) with North America orders up 8.7%.

Pricing and Margin Actions

Retail implemented a net ~8% list price increase in North America mid-Q4, with discount rate down ~50 basis points year-over-year; consolidated gross margin improved 20 basis points to 39.4% in Q4.

Cash Flow, Liquidity and Capital Returns

Generated $65 million of operating cash flow in Q4 and $200 million for the full year; finished Q4 with $572 million liquidity, reduced total debt by $41 million year-over-year, and returned ~$67 million to shareholders ($51M dividends, $16M buybacks).

Store Growth Strategy and Economics

Opened 8 Herman Miller stores and 7 DWR stores in FY2026; shifting to smaller ~1,800 sq ft Herman Miller format with lower capital and faster payback (payback under three years); plan to open 9-11 Herman Miller and 5-7 DWR stores in FY2027.

Positive FY2027 Guidance

Full year FY2027 guidance of $3.93B–$4.13B net sales (midpoint ~5% growth YoY) and adjusted EPS $1.85–$2.15 (midpoint +7.5% YoY). Q1 FY2027 guide: sales $928M–$968M, adjusted EPS $0.33–$0.39.

MillerKnoll (MLKN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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MLKN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 30, 2026	2027 (Q1)	0.35 / -	0.45	―	―	―
Jun 24, 2026	2026 (Q4)	0.52 / 0.55	0.6	-8.33% (-0.05)
Mar 25, 2026	2026 (Q3)	0.45 / 0.43	0.44	-2.27% (-0.01)
Dec 17, 2025	2026 (Q2)	0.41 / 0.43	0.55	-21.82% (-0.12)
Sep 23, 2025	2026 (Q1)	0.34 / 0.45	0.36	25.00% (+0.09)
Jun 25, 2025	2025 (Q4)	0.44 / 0.60	0.67	-10.45% (-0.07)
Mar 26, 2025	2025 (Q3)	0.43 / 0.44	0.45	-2.22% (-0.01)
Dec 18, 2024	2025 (Q2)	0.53 / 0.55	0.59	-6.78% (-0.04)
Sep 19, 2024	2025 (Q1)	0.40 / 0.36	0.37	-2.70% (-0.01)
Jun 26, 2024	2024 (Q4)	0.54 / 0.67	0.41	63.41% (+0.26)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MLKN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jun 24, 2026	$17.24	$19.31	+12.01%
Mar 25, 2026	$19.14	$14.86	-22.37%
Dec 17, 2025	$17.17	$18.54	+7.93%
Sep 23, 2025	$18.41	$16.42	-10.83%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.