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MillerKnoll expects fiscal 2027 revenues between $3.88 billion and $4.03 billion, a reduction from its prior estimate of $3.93 billion to $4.13 billion.
The Zeeland, Mich.-based company lowered its guidance amid a challenging macroeconomic environment and rising energy prices.
The revision accompanied the release of fiscal first-quarter results for the three-month period ended Aug. During that quarter, MillerKnoll reported sales of $923.4 million, a 3.4 percent decline year-over-year.
Net sales from the contract business fell 6.4 percent to $156.8 million, though the firm noted that forecasts remained positive in the early months of the second quarter.
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