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MillerKnoll Misses Earnings, Guides Higher

Published 2 days, 1 hour ago
Description

MillerKnoll, the Michigan-based furniture company, reported a net income of $23.5 million, or $0.34 per share, in its fiscal third-quarter earnings. However, this fell short of analysts expectations of $0.45 per share. Revenue also missed the mark at $926.6 million, compared to forecasts of $941.6 million. The company faces challenges in a competitive market and potential supply chain issues. For the quarter ending in May, MillerKnoll projects earnings per share between $0.49 and $0.55, with revenue projected from $955 million to $995 million. Investors will closely watch the companys performance in the coming months.

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