MillerKnoll has reported third-quarter fiscal 2026 results showing sales and order growth across all three business segments, underscoring the resilience of its diversified portfolio despite ongoing macroeconomic and geopolitical uncertainty.
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For the three months ended 28 February 2026, net sales rose 5.8% to $926.6 million, while orders increased 9.2% to $931.6 million. Gross margin improved by 20 basis points to 38.1%. Operating margin reached 4.8%, compared with a negative operating margin of 9.4% in the same period last year. Adjusted diluted earnings per share came in at $0.43, slightly below the $0.44 recorded a year earlier.
President and Chief Executive Officer Andi Owen said: "We delivered solid fiscal 2026 third quarter results, with sales growth across all three segments and strong order growth led by North America Contract and Global Retail. These results underscore the strength and resilience of our diversified portfolio.
"Despite ongoing macroeconomic and geopolitical uncertainty, as well as weather-related impacts during the quarter, our team remained focused on disciplined execution and operational priorities within our control.
"We remain well positioned to drive profitable growth and create long-term value across our collective of brands through sustained revenue growth, margin expansion, cash generation and shareholder returns."
North America Contract delivered net sales of $488.6 million, up 4.4% year-on-year, with orders rising 13.1%. International Contract posted net sales of $156.9 million, up 7.8%, while Global Retail sales increased 7.1% to $281.1 million. The retail division also opened three new stores during the quarter, including two Design Within Reach locations and one Herman Miller store.
As of 28 February 2026, MillerKnoll reported liquidity of $594.0 million, including cash on hand and revolving credit facility availability. Cash flow from operations was $61.1 million, compared with $62.1 million in the prior-year quarter, while the company's net debt-to-EBITDA ratio stood at 2.75x.
Looking ahead, the company expects fourth-quarter net sales to range between $955 million and $995 million, with adjusted diluted earnings per share projected at $0.49 to $0.55. Guidance includes the expected impact of higher logistics costs and limited shipments related to the Middle East conflict, as well as costs tied to new store openings.
MillerKnoll said it remains focused on profitable growth, while continuing to navigate tariff risks, geopolitical instability and broader market volatility.
More information:
Miller Knoll
www.millerknoll.com
