MillerKnoll Shares Fall 9% After 2Q Orders, Sales Weaker Than Expected

Dow Jones2024-12-19

By Katherine Hamilton

Shares of MillerKnoll fell late Wednesday after the company lowered its guidance for adjusted per-share earnings in 2025.

Shares fell about 9% to $22.22 after market close. Through Wednesday's close, the stock is down about 14% this month.

The furniture company said the outlook for the second half of the year may be weighed down due to lower orders and sales. It trimmed adjusted earnings per share for the full year to between $2.11 and $2.17, down from $2.20 a share.

MillerKnoll said in a letter to shareholders it lowered its outlook "given the slower-than-expected macroeconomic improvements and lower-than-expected orders in the first half of the year."

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

December 18, 2024 17:43 ET (22:43 GMT)

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