MillerKnoll reported Q4 revenue of $1.00B, a 4.4% year-over-year gain, and adjusted EPS of $0.55, topping guidance. The company plans to open 9 to 11 new Herman Miller stores in fiscal 2027 and is consolidating plants to boost efficiency while orders fell 6.3%.
The company posted fourth-quarter revenue of $1.00B, up 4.4% year-over-year, and achieved adjusted EPS of $0.55, exceeding guidance. GAAP net income was $23.6M, or $0.34 per share, reflecting strong retail and North America contract segment performance.
MillerKnoll will open 9 to 11 new Herman Miller stores in fiscal 2027, focusing on smaller formats with lower upfront capital and faster payback. This expansion targets broader demographic reach and is expected to drive incremental retail segment growth.
The company is consolidating manufacturing plants and evaluating capacity utilization to improve margins while reported orders fell 6.3% and organic orders declined 6.9%, driven by prior-year pull-forward. International contract sales slumped on macroeconomic uncertainties in Europe and Asia, and net debt/EBITDA rose to 2.8x.
