The chart below shows how MLKN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MLKN sees a +1.85% change in stock price 10 days leading up to the earnings, and a +0.54% change 10 days following the report. On the earnings day itself, the stock moves by +0.35%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Strong Q2 Sales Growth: MillerKnoll delivered strong performance in the second quarter of fiscal year 2025, with consolidated net sales of $970 million, representing a 2.2% increase year-over-year on a reported basis and a 2.4% organic increase.
Americas Contract Segment Growth: The Americas Contract segment continues to be a key growth driver for MillerKnoll, with sales and orders up year-over-year in the second quarter, marking the third consecutive period of order growth.
International Order Growth: The International and Specialty segment saw strong order growth in the Middle East and parts of Asia, contributing positively to overall demand.
Cash Flow and Share Repurchase: The company generated $55 million in cash flow from operations during the quarter and repurchased approximately 1 million shares for a total investment of $23 million.
Gross Margin Performance: MillerKnoll's consolidated gross margin was 38.8%, reflecting effective cost management and operational efficiencies despite slight year-over-year decline.
Negative
Consolidated Orders Decline: Second quarter consolidated orders of $922 million were down 2.3% as reported and 1.9% lower on an organic basis.
Net Sales Increase Q2: Consolidated net sales for the second quarter were $970 million, representing a 2.2% increase year-over-year on a reported basis and a 2.4% organic increase.
Retail Segment Operating Margin Decline: Operating margin in the Retail segment was 4% in the second quarter compared to 6.3% a year ago, and on an adjusted basis, operating margin was 4.2%, which is 290 basis points lower than the prior year, driven by reduced leverage on seasonal marketing spend for the holiday promotional period.
Quarterly Orders Decline: Orders during the quarter were $246 million, a year-over-year decrease of 6.5% on a reported basis and down just over 7% organically.
Americas Operating Margin Increase: Second quarter operating margin in the Americas segment was 9.4% compared to 7.4% in the prior year.
MillerKnoll, Inc. (MLKN) Q2 2025 Earnings Call Transcript
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