MillerKnoll, Inc. Provides Earnings Guidance for the First Quarter and Full Year of 2025
June 26, 2024 at 04:05 pm
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MillerKnoll, Inc. provided earnings guidance for the first quarter and full year of 2025. For the first quarter of fiscal year 2025, the company expects net sales of $872.0 million to $912.0 million. The midpoint of this guidance would suggest a year-over-year revenue decrease of approximately 2.8%.
For the fiscal year 2025, the company expects net sales to be above fiscal year 2024.
MillerKnoll, Inc. is engaged in the research, design, manufacture, selling and distribution of seating products, furniture systems, other freestanding furniture elements, textiles, leather, felt, home furnishings and related services. The Company's segments include Americas Contract, International Contract & Specialty, and Global Retail. The Americas Contract segment includes the operations associated with the design, manufacture and sale of furniture products directly or indirectly through an independent dealership network for office, healthcare, and educational environments throughout North and South America. The International Contract & Specialty segment includes the operations associated with the design, manufacture and sale of furniture products, directly or indirectly through an independent dealership network. The Global Retail segment includes operations associated with the sale of modern design furnishings and accessories to third party retailers.