Stock Track | MillerKnoll Plunges Over 12% as Q1 Results Disappoint, Outlook Dims

Stock Track09-20

Shares of MillerKnoll Inc. (MLKN) plummeted over 12% in pre-market trading on Thursday, following the furniture maker's disappointing first-quarter results and lackluster guidance for the second quarter, citing challenges in the broader economic environment.

For the fiscal first quarter of 2025, MillerKnoll reported earnings of $0.36 per share, significantly missing analysts' consensus estimate of $0.42 per share by a margin of 14.29%. The company's revenue for the quarter also fell short, coming in at $861.5 million, compared to Wall Street's expectations of $889.3 million.

MillerKnoll's CEO Andrea Owen acknowledged the impact of a tepid housing market on the company's Retail segment, which saw orders decline by 4.7% year-over-year. Additionally, the company cited a shift in business and product mix as a factor weighing on its overall gross margin performance during the quarter.

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(MLKN) plummeted over 12% in pre-market trading on Thursday, following the furniture maker's disappointing first-quarter results and lackluster guidance for the second ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MLKN","symbol_name":"MillerKnoll","start_time":0,"source_url":"","article_id":"1120343393","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1120343393","pubTimestamp":1726839163,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of MillerKnoll Inc.  plummeted over 12% in pre-market trading on Thursday, following the furniture maker's disappointing first-quarter results and lackluster guidance for the second quarter, citing challenges in the broader economic environment.For the fiscal first quarter of 2025, MillerKnoll reported earnings of $0.36 per share, significantly missing analysts' consensus estimate of $0.42 per share by a margin of 14.29%. 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