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MillerKnoll's fiscal 2027 sales outlook now stands at $3.88 billion to $4.03 billion, a reduction from prior expectations that reflects first-quarter revenue of $923 million, down 3.4% year over year.
The company maintained its adjusted EPS guidance of $1.85 to $2.15, citing disciplined cost management despite uneven demand across its contract and retail segments.
Interim Chief Executive Officer Jeff Stutz noted that the quarter delivered solid margin performance and cash generation despite revenue headwinds.
Segment Performance and Margin Dynamics The divergence in order trends defined the quarter's results.
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