NASDAQ$MLKN
Millerknoll Inc · Q2 2025 earnings
Q2 2025 earnings · · Investor relations
Briefing
Reported a 2.2% increase in net sales, driven by International Contract & Specialty and Americas Contract, with a gross margin of 38.8%.
MillerKnoll reported a 2.2% increase in net sales to $970.4 million for the second quarter of fiscal year 2025. The company maintained a strong gross margin of 38.8% and returned approximately $93.1 million to shareholders through share repurchases and dividends in the first half of the fiscal year. Adjusted earnings per share were $0.55, compared to $0.59 in the same period last year.
- Consolidated net sales increased by 2.2% year-over-year, driven by International Contract & Specialty and Americas Contract segments.
- Gross margin remained strong at 38.8%.
- Approximately $93.1 million was returned to shareholders through share repurchases and dividends in the first half of fiscal 2025.
- Americas Contract sales and orders were up mid-single-digits year-over-year.
Headline financials
Revenue & EPS history
MillerKnoll · Revenue · Quarterly
$970M
Revenue by segment
MillerKnoll · $357M total across 2 segments · Q4 2022
- Global Retail$222M—62.0%
- International Contract$136M-25.2%38.0%
Forward guidance
The company provided its outlook for the third quarter and full year fiscal 2025, anticipating improving demand trends and reflecting the shift of approximately $12 million in Global Retail net sales from the second to the third quarter due to the timing of the holiday/cyber promotional period.
Tailwinds
- Improving demand trends in most markets are expected.
- Full year guidance reflects sales and EPS growth over fiscal 2024.
- New product launches in Spring 2025 are expected to be up over 100% compared to Spring 2024.
- Expect to open two new retail locations in the third quarter.
- Strength in the complementary concierge design services.
Headwinds
- Fiscal third quarter is expected to be impacted by typical seasonal softness in Americas and International Contracts businesses.
- Third quarter is expected to be impacted by the timing of the Chinese New Year holiday.
- Macroeconomic improvements are slower than expected.
- Orders were lower than expected in the first half of the year.
- New and existing home sales continue to be soft.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q2 2025
+0.6%
Avg return
Earnings day
-0.3%
Avg return
5 days after
+2.4%
Avg return
30 days after
45%
26 / 58 earnings
Positive
+38.9%
Q1 2021
Best reaction
-23.0%
Q3 2026
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | — | — | — | |
| Q3 2026 | -23.0% | -8.8% | — | |
| Q2 2026 | +7.7% | +3.0% | +10.1% | |
| Q1 2026 | -11.0% | -6.3% | -8.3% | |
| Q4 2025 | -0.3% | -2.1% | +7.7% | |
| Q3 2025 | +10.7% | +4.7% | -10.4% | |
| Q2 2025 | -9.1% | -12.7% | -13.6% | |
| Q1 2025 | -15.1% | -10.9% | -8.8% | |
| Q4 2024 | +3.0% | +3.2% | +16.4% | |
| Q3 2024 | -17.4% | -12.8% | -14.2% | |
| Q2 2024 | -2.9% | -3.3% | -12.1% | |
| Q1 2024 | +24.1% | +23.8% | +16.4% | |
| Q4 2023 | +9.8% | +6.1% | +26.2% | |
| Q3 2023 | -5.2% | -2.0% | -16.7% | |
| Q2 2023 | +14.8% | +16.4% | +24.1% | |
| Q1 2023 | -11.3% | -11.2% | +8.9% | |
| Q4 2022 | -7.5% | -7.0% | +6.0% | |
| Q3 2022 | +10.7% | +9.8% | +5.2% | |
| Q2 2022 | -5.3% | -10.3% | -6.2% | |
| Q1 2022 | -4.4% | -1.1% | -1.2% | |
| Q4 2021 | -7.6% | -3.5% | -11.3% | |
| Q3 2021 | -0.2% | -0.6% | +6.5% | |
| Q2 2021 | -12.7% | -16.1% | -11.6% | |
| Q1 2021 | +38.9% | +27.7% | +33.8% | |
| Q4 2020 | -4.8% | -10.0% | -4.3% | |
| Q3 2020 | +5.2% | +16.6% | +21.7% | |
| Q2 2020 | -9.5% | -10.1% | -13.3% | |
| Q1 2020 | +1.3% | +3.2% | +2.7% | |
| Q4 2019 | +18.8% | +18.5% | +23.1% | |
| Q3 2019 | -0.4% | -3.5% | +5.3% | |
| Q2 2019 | -0.9% | -5.1% | +12.1% | |
| Q1 2019 | +7.4% | +3.9% | -9.7% | |
| Q4 2018 | +12.4% | +13.0% | +11.9% | |
| Q3 2018 | -14.1% | -17.5% | -14.9% | |
| Q2 2018 | +7.2% | +5.7% | +13.0% | |
| Q1 2018 | -3.3% | -2.1% | +2.3% | |
| Q4 2017 | +9.3% | +10.0% | +10.6% | |
| Q3 2017 | +8.0% | +6.3% | +9.4% | |
| Q2 2017 | -4.2% | -5.4% | -13.5% | |
| Q1 2017 | -4.8% | -9.2% | -12.5% | |
| Q4 2016 | +3.2% | -10.7% | +3.3% | |
| Q3 2016 | +8.3% | — | — | |
| Q2 2016 | +1.9% | — | — | |
| Q1 2016 | +3.6% | — | — | |
| Q4 2015 | +1.8% | — | — | |
| Q3 2015 | +0.7% | — | — | |
| Q2 2015 | -0.5% | — | — | |
| Q1 2015 | +2.5% | — | — | |
| Q4 2014 | -5.0% | — | — | |
| Q3 2014 | +9.4% | — | — | |
| Q2 2014 | -1.4% | — | — | |
| Q1 2014 | +3.8% | — | — | |
| Q4 2013 | -2.0% | — | — | |
| Q4 2012 | +9.1% | — | — | |
| Q4 2009 | -6.1% | — | — | |
| Q3 2011 | -1.4% | — | — | |
| Q2 2011 | -3.4% | — | — | |
| Q4 2010 | -0.7% | — | — | |
| Q1 2011 | -0.7% | — | — |
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