MillerKnoll Stock Climbs After Q2 Earnings

Core Viewpoint - MillerKnoll, Inc. reported strong second-quarter earnings, surpassing analyst expectations for both earnings per share and revenue, indicating effective execution of strategic priorities and brand strength [1][3]. Financial Performance - Adjusted earnings per share for the quarter were 43 cents, exceeding the analyst estimate of 41 cents [2]. - Quarterly sales reached $955.2 million, surpassing the Street estimate of $943.13 million [2]. - Net sales decreased by 1.6% year-over-year and 2.5% organically [5]. - Orders totaled $972.5 million, reflecting a 5.5% increase as reported and a 4.5% increase organically year-over-year, driven by growth across all segments [5]. - Gross margin improved by 20 basis points [5]. Future Outlook - For the third quarter, MillerKnoll anticipates adjusted EPS between 42 cents and 48 cents, compared to the 41 cents estimate [3]. - Revenue guidance for the third quarter is projected to be between $923 million and $963 million, exceeding the analyst estimate of $915.87 million [3]. Stock Performance - Following the earnings report, MillerKnoll's stock rose by 5.82% to $18.55 in extended trading [4].