MillerKnoll Q1 FY2024 sales $917.7M (-14.9% YoY); raises FY adjusted EPS guidance to $1.85-2.15

MILLERKNOLL, INC.

2024-Q1 EPS reported $0.22 revenue$917,700,000

Diluted EPS $0.22 (GAAP); adjusted EPS $0.37 vs $0.44 prior year.
Gross margin improved 450 bps to 39.0% with expansion in all three segments.
Americas Contract segment organic orders grew 2.1% YoY; operating margin expanded 460 bps reported, 570 bps adjusted.
Full-year adjusted EPS guidance raised to $1.85-$2.15 per share.
Net sales declined 14.9% YoY, partly due to a 14-week prior-year period vs 13 weeks this quarter.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MILLERKNOLL, INC. reported the quarter ended September 2, 2023 results: revenue $917.7, EPS $0.22. Guidance raised.

Period: the quarter ended September 2, 2023
Revenue: $917.7
EPS: $0.22
Guidance: raised
Result: reported results

Exact text from the filing

Financial Results (Unaudited) Three Months Ended (Dollars in millions, except per share data) (1) September 2, 2023 September 3, 2022 % Chg. (13 weeks) (14 weeks) Net sales $ 917.7 $ 1,078.8 (14.9) % Gross margin % 39.0 % 34.5 % N/A Operating expenses $ 317.8 $ 321.3 (1.1) % Adjusted operating expenses * $ 302.7 $ 309.7 (2.3) % Effective tax rate 24.4 % 18.8

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Source: SEC EDGAR

accession 0000066382-23-000076

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