MillerKnoll Falls 10%+ After Hours on Weaker-Than-Expected Forward Guidance

MLKN fell 10.3% to trade at $21.83 shortly before 4:30 p.m. ET after guiding fiscal Q3 adjusted earnings per share to $0.41-$0.47 – worse than the $0.53 that analysts' consensus had reportedly been calling for.

The company also guided earnings per share for fiscal-year 2025 as a whole to $2.11-$2.17 – more or less below the $2.16 consensus that analysts had reportedly forecast.

The downbeat forecast overshadowed MillerKnoll's fiscal Q2 results, which showed that the company earned an adjusted $0.55 per share on $970.4 million in the three months ended Nov. 30. That beat the $0.56 adjusted EPS and $927.2 million in sales that published reports said analysts had expected.

Management said in a statement releasing the results that "we are pleased with our second-quarter performance, which was in-line with our expectations and demonstrates the advantage of our collective of brands, diverse business channels and global footprint. Although most of our market segments continue to experience broad-based macroeconomic pressures, we are encouraged by signs of growth in several of our businesses."