MillerKnoll, Inc. reported a net sales increase of 4.7% for the fiscal year ending May 30, 2026, totaling $3.84 billion, compared to $3.67 billion in the previous year. The growth was attributed to higher sales volumes across all segments, pricing actions, and favorable foreign currency translation. The company's gross margin remained stable at 38.8%, while operating earnings surged to $198.3 million from $50.5 million in the prior year. Diluted earnings per share improved significantly to $1.32, recovering from a loss of $0.54 in fiscal 2025.
In terms of segment performance, the North America Contract segment saw a 4.9% increase in net sales, reaching $2.06 billion, while the International Contract segment reported a modest 2.1% increase to $674 million. The Global Retail segment experienced the highest growth at 5.9%, totaling $1.11 billion. Notably, the North America Contract segment's operating margin improved by 280 basis points year-over-year, reflecting enhanced operational efficiency and effective pricing strategies.
Strategically, MillerKnoll has focused on expanding its retail footprint, particularly through its Herman Miller and Design Within Reach brands. The company operated 93 retail stores as of May 30, 2026, and plans to enhance customer experiences through showroom expansions in key markets. Additionally, the company has invested in technology and digital capabilities to improve customer engagement and streamline operations.
Operationally, MillerKnoll's employee headcount stood at approximately 10,544 as of the end of the fiscal year, with a slight increase in fixed and variable compensation costs. The company reported a backlog of unfilled orders amounting to $678.8 million, down from $761.3 million the previous year, indicating a potential decrease in future sales. The company continues to navigate challenges related to raw material costs and market conditions, which could impact profitability.
Looking ahead, MillerKnoll remains optimistic about its growth strategy, emphasizing the importance of innovation and sustainability in its product offerings. The company plans to continue investing in research and development, with a focus on adapting to changing consumer preferences and market dynamics. However, it acknowledges potential risks, including economic fluctuations and competitive pressures, which may affect its operational performance in the coming fiscal year.
About MILLERKNOLL, INC.
MillerKnoll designs, manufactures, and distributes interior furnishings for residential, office, healthcare, and educational environments. Its brands include Herman Miller, Knoll, and others, offering seating, furniture systems, textiles, and related services globally. The company serves institutional and retail markets through dealer networks, direct sales, and eCommerce, emphasizing innovative design, sustainability, and customer-centric solutions in a competitive industry.
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