MillerKnoll Issues Cautious Guidance in 2026, Continues to Offset Tariff Costs

MILAN — MillerKnoll, a starring American furniture shaper known for its iconic midcentury modern designs, continues to navigate U.S. President Donald Trump’s trade argumentation successful its fiscal afloat twelvemonth 2026. As a result, it’s erring connected the broadside of caution erstwhile it comes to guidance.

In the fiscal 2nd 4th which ended Nov. 29, the Zeeland, Mich.-based MillerKnoll — whose portfolio includes American brands Knoll, Herman Miller, Design Within Reach and Holly Hunt, arsenic good arsenic Copenhagen-based Muuto and textile steadfast Maharam — said revenues slipped 1.6 percent to $955.2 million.

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Earnings per stock were down 28.6 percent to 35 cents, arsenic income successful its North American and planetary declaration concern slipped 3.1 percent and 6.3 percent year-on-year, respectively, adjacent arsenic orders roseate 4.8 percent successful North America. The steadfast said momentum continues to physique successful North America and internationally arsenic organizations prioritize bringing employees unneurotic and refreshing their workspaces. International orders were driven by Europe, the U.K., China and India.

During the period, MillerKnoll was besides was impacted by costs related to the caller stores, nett tariff costs, and overseas currency. The institution precocious expanded its retail web with a DWR (Design Within Reach) portion in Salt Lake City, and three Herman Miller stores in Nashville, El Segundo, Calif., and Walnut Creek, Calif.

For the 3rd 4th of 2026, the radical expects income to either emergence oregon fall, mounting a scope of $923 cardinal astatine the debased extremity and $963 million, which would beryllium an betterment quarter-on-quarter from $955.2 million, arsenic best-case scenario. Adjusted EPS is expected to either autumn to 42 cents from 43 cents successful the 2nd quarter, oregon emergence to 48 cents. Gross borderline is projected to gaffe to betwixt 37.9 percent and 38.9 percent from 39 percent successful the 2nd quarter. Adjusted operating disbursal is expected to autumn to a scope from $300 cardinal to $310 cardinal from $323.7 million.

“Turning to our third-quarter guidance, our outlook incorporates the latest accusation connected tariffs and caller store investments, arsenic good arsenic the emblematic seasonal softness successful our declaration businesses arsenic the calendar twelvemonth comes to a adjacent and the timing of the Chinese New Year holiday,” the company’s main fiscal serviceman Kevin Veltman said during the league telephone connected Wednesday.