From Financial Modeling Prep: 2024-12-19 09:20:00

MillerKnoll (NASDAQ:MLKN) exceeded Q2 earnings expectations with adjusted EPS of $0.55 and revenue of $970.4 million, up 2.2% YoY. Despite this, shares dropped over 9% pre-market as the company offered a cautious outlook. Segment performance varied, with Americas Contract leading in sales growth while Global Retail faced challenges. Gross margins narrowed to 38.8%.

For the upcoming fiscal Q3, MillerKnoll anticipates adjusted EPS of $0.41 to $0.47, below the Street estimate of $0.56. Revenue is projected between $903 million and $943 million. Full-year adjusted EPS guidance was tightened to $2.11 to $2.17, near the analyst forecast of $2.16.



Read more at Financial Modeling Prep:: MillerKnoll Delivers Solid Q2 Results but Signals …