MillerKnoll, Inc. (MLKN)
NASDAQIndustrialsFurnishings, Fixtures & AppliancesSnapshot 2026-09-04
$22.92+2.37%
Close 2026-09-04 · 1-day change
NASDAQIndustrialsFurnishings, Fixtures & AppliancesSnapshot 2026-09-04
QuarterlyIQ Insights · MLKN
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -27.6% |
| Our one-year growth estimate | diamond |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
| 5.0% |
Growth built into the price is above our model estimate.
The price assumes 32.5 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-09-04 · Compared with 16 industry peers
MLKN — CEO transition
Dated 2026-06-03
Chief Executive Officer — Andi R. Owen: Ms. Andi R. Owen is retiring as CEO with an interim successor in place.
Why it matters: The new CEO's leadership style will impact company strategy and performance. A smooth transition is crucial.
Watch forJeff Stutz is now interim CEO. The transition was smooth with no major issues.
Also watch forThere were leadership problems or disruptions after June 30, 2026.
Why it matters: High operating costs can show problems. They may lower profits.
Worry ifOperating expenses at or below $321.5 million for Q4 FY2026.
Less concerning ifOperating costs are over $321.5 million for Q4 FY2026.
Why it matters: This sales range is a key indicator of demand and growth for the company. It reflects market conditions.
Watch forNet sales fall within the range of $955 million to $995 million.
Also watch forNet sales fall below $955 million.
Why it matters: Opening new stores is key to growth. Fewer openings could signal slower expansion.
Supportive ifThree to four new retail stores opened in Q1 FY2027.
Worry ifFewer than three new retail stores opened in Q1 FY2027.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$186 on $10,000 · ±1.9% | How much price usually moves either way. |
| Bad day | $435 loss on $10,000 · 4.3% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $3,779 loss on $10,000 · 37.8% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: A new CEO could change the company's direction and how investors feel.
Watch forThey announced a new CEO who is respected in the industry.
Also watch forNo announcement of a new CEO by the end of Q3 2026.
Why it matters: If revenue growth picks up, it could signal a recovery for MillerKnoll and the sector.
Supportive ifSector revenue growth is speeding up again. It is now close to 10% year over year.
Worry ifSector revenue growth remains below 5% year over year.
Why it matters: The new CEO's approach could change company direction and affect performance.
Watch forNew CEO announces a strategic plan that aligns with revenue and margin goals.
Also watch forThe new CEO does not share a clear plan. This creates uncertainty in operations.
Why it matters: If net sales fall below guidance, it signals weaker demand and growth challenges.
Worry ifQ1 FY2027 net sales reported below $928 million.
Less concerning ifQ1 FY2027 net sales reported above $968 million.
Why it matters: A drop in margin may mean higher costs or problems in operations.
Worry ifAdjusted operating margin was below 6.2% for Q1 FY2027.
Less concerning ifAdjusted operating margin was above 6.9% for Q1 FY2027.
Why it matters: A decline in gross margin could signal pricing pressure or increased costs.
Worry ifGross margin reported below 38.7% for Q1 FY2027.
Less concerning ifGross margin reported above 39.7% for Q1 FY2027.