MillerKnoll reported mixed first-quarter fiscal 2027 results and lowered its full-year sales outlook, even as consolidated orders rose 3.2% to $914 million. For the quarter ended Aug. 29, 2026, net sales fell 3.4% year over year to $923 million, while adjusted diluted earnings per share came in at $0.53, or $0.42 excluding an approximately $0.11-per-share net benefit from refunds of previously expensed IEPA tariffs, according to Interim Chief Executive Officer Jeff Stutz. The company now expects fiscal 2027 sales of $3.88 billion to $4.03 billion, down from its prior view and representing roughly 3% growth at the midpoint, while maintaining adjusted EPS guidance of $1.85 to $2.15; for the second quarter it forecast sales of $972 million to $1.012 billion and adjusted EPS of $0.43 to $0.49. By segment, North America Contract sales fell 5.3% to $506 million and orders declined 1.7% to $484 million, International Contract revenue declined 6.4% to $157 million though orders surged 17.3% to $181 million, and Global Retail sales rose 2.6% to $261 million with orders up 4.3% to $249 million. The board declared a quarterly cash dividend of $0.1875 per share, payable Oct. 15 to shareholders of record as of Aug. 29, and the company ended the quarter with $580 million in available liquidity and net debt to EBITDA of 2.75 times.
MillerKnoll IncMillerKnoll cut its fiscal 2027 sales outlook and reported Q1 net sales down 3.4% year over year, with adjusted EPS guidance maintained but top-line guidance lowered.
