MillerKnoll Inc. (NASDAQ: MLKN) reported its financial results for the second quarter of fiscal 2026.
Net sales slightly declined by 1.6% to $955.2 million year-over-year.
Orders increased by 5.5% to $972.5 million, driven by growth in every segment.
Gross Margin Improvement
Gross margin increased by 20 basis points, reaching 39.0%.
Operating Expenses
Consolidated operating expenses rose to $323.7 million, primarily due to higher compensation and store-related costs.
Liquidity and Debt
As of November 29, 2025, liquidity stood at $548.3 million with a net debt-to-EBITDA ratio of 2.87x.
Segment Performance
North America Contract segment saw a 3.1% sales decline while Global Retail reported a 4.7% sales increase.
CEO Statement
Andi Owen, President and CEO, highlighted the company's strong performance and strategic execution contributing to sales and earnings growth.
- MillerKnoll Inc. demonstrated resilience in a challenging market with a strategic focus on operational excellence and innovation.
- The company's sales performance, although impacted by declines in some segments, reflects a promising outlook for future growth initiatives.
Despite some segment sales declines, MillerKnoll Inc. showed strength in key areas and remains optimistic about long-term value creation through innovation and operational efficiency.