WEBULL

Is MillerKnoll’s (MLKN) Mixed Quarterly vs Year‑to‑Date Profits Revealing a New Earnings Mix?

Simply Wall St · 2d ago
  • MillerKnoll, Inc. has reported past results for the quarter ended November 29, 2025, with quarterly sales of US$955.2 million and net income of US$24.2 million, down from the prior year, while six‑month sales rose to US$1.91 billion and net income to US$44.4 million.
  • The contrast between weaker quarterly profit metrics and improved performance over the six‑month period highlights how timing effects and business mix are influencing MillerKnoll’s earnings profile.
  • We’ll now examine how this mix of lower quarterly EPS but stronger year‑to‑date income may reshape MillerKnoll’s investment narrative.

AI is about to change healthcare. These 29 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early.

MillerKnoll Investment Narrative Recap

To own MillerKnoll, you need to believe that its design brands, global retail expansion, and Knoll integration can translate into steadier earnings despite cyclical office and consumer demand. The latest quarter’s softer profit, alongside stronger first half results, does not appear to materially change the near term focus on improving margins, but it does keep the key risk of pressured net income and cash generation firmly in view.

The most relevant recent announcement is MillerKnoll’s Q2 and first half earnings release, which showed modestly lower quarterly sales but higher six month revenue and earnings year on year. That mix matters because the current catalysts, such as new store openings and international growth, rely on the company turning that broader revenue base into more consistent profitability across segments, not just isolated quarters.

Yet beneath the improving first half headline numbers, investors still need to watch the pressure on net income and cash flows, especially if...

Read the full narrative on MillerKnoll (it's free!)

MillerKnoll's narrative projects $4.0 billion revenue and $293.0 million earnings by 2028. This requires 3.2% yearly revenue growth and about a $330 million earnings increase from -$36.9 million today.

Uncover how MillerKnoll's forecasts yield a $32.00 fair value, a 83% upside to its current price.

Exploring Other Perspectives

MLKN 1-Year Stock Price Chart
MLKN 1-Year Stock Price Chart

One Simply Wall St Community member values MillerKnoll at US$32 per share, underscoring how a single viewpoint can differ from market pricing. You should weigh that against the risk that weaker margins, particularly in challenged segments, could keep returns under pressure and explore other investors’ assumptions before forming your own view.

Explore another fair value estimate on MillerKnoll - why the stock might be worth as much as 83% more than the current price!

Build Your Own MillerKnoll Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

Want Some Alternatives?

Early movers are already taking notice. See the stocks they're targeting before they've flown the coop:

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.