MillerKnoll Shares Soar 28% in 2025 After Exceeding Earnings Expectations Amid Office Return
MillerKnoll experiences a significant stock surge in 2025 following strong quarterly earnings and raised forecasts, driven by increased demand as employees return to office environments post-pandemic.
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Key Highlights
- MillerKnoll reported fiscal Q1 2024 earnings surpassing analyst estimates, with EPS at $0.37 and revenue of $917.7 million despite a 14.9% decline.
- Gross margin improved impressively by 450 basis points to 39%, reflecting growth across all business segments.
- Strong performance in the Americas Contract division, with operating margins increasing by up to 570 basis points, fueled by rising office return trends in North America.
- Leadership maintains optimistic outlook amid economic uncertainties, raising full-year EPS guidance to $1.85-$2.15 from prior $1.70-$2.00.
- Following these positive results, MillerKnoll shares surged over 28%, reaching their highest levels since March 2024.
On Wednesday morning, MillerKnoll (MLKN) shares jumped more than 28% in early trading after the company reported better-than-expected Q1 2024 financial results and upgraded its earnings outlook. The furniture manufacturer is capitalizing on the resurgence of employees returning to physical offices after the widespread adoption of remote work during the COVID-19 pandemic.
MillerKnoll’s CEO Andi Owen and CFO Jeff Stutz highlighted that expanding presence in resilient market verticals and a growing shift among North American companies back to office-based work are driving strong demand. Despite ongoing economic challenges, the leadership team remains confident about future growth prospects.
The company’s robust earnings report and optimistic guidance have energized investors, pushing MillerKnoll’s stock price to levels not seen since early 2024.
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