MillerKnoll revenue slips 3.4% year over year to $923.4 million

• MillerKnoll (NASDAQ:MLKN) reported fiscal 2027 first-quarter net sales of $923.4 million, down 3.4% year over year.
• Orders increased 3.2% year over year, while gross margin expanded due to tariff refunds and pricing actions.
• Adjusted EPS rose to $0.53, supported by improved margins and operational discipline.

MillerKnoll (NASDAQ:MLKN) reported financial results for the first quarter of fiscal year 2027, showing improved profitability and order growth despite a decline in revenue.

Net sales for the quarter ended August 29, 2026 totaled $923.4 million, down 3.4% on a reported basis and down 3.3% organically compared with the prior-year period.

Orders increased to $913.9 million, representing growth of 3.2% year over year on a reported basis and 3.5% organically.

Gross margin improved by 320 basis points, while adjusted gross margin increased 330 basis points.

The improvement was primarily driven by tariff refunds and pricing realization, partially offset by inflation-related cost pressures.

Elsewhere, operating expenses increased to $333.5 million, while adjusted operating expenses reached $320.1 million.

Additionally, MillerKnoll recorded $13.4 million in operating expense during the period under review.

Meanwhile, MillerKnoll’s Board of Directors declared a quarterly cash dividend of $0.1875 per share.

The dividend is payable on October 15, 2026, to shareholders of record as of August 29, 2026.