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MillerKnoll down after slashing annual profit forecast, tepid revenue outlook

ReutersMar 26, 2025 9:02 PM

Shares of office supplies maker MillerKnoll MLKN.O down 3.5% at $17.70 in aftermarket trading

Co forecasts annual revenue largely below expectations and lowers annual adjusted profit forecast

Says outlook includes estimated incremental costs related to tariffs expected in Q4

Co also misses Q3 net sales estimate, while adjusted profit was in line with estimate - data compiled by LSEG

Says overall demand in its contract business in most geographies was sluggish during the quarter, amid uncertainty related to tariff policy and other macroeconomic factors

MLKN has fallen 18.81% YTD, as of last close

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