MillerKnoll Sees Q2 EPS $0.51-$0.57 Vs $0.61 Est.; Revenue $950M-$990M Vs $948.12M Est.
Portfolio Pulse from Benzinga Newsdesk
MillerKnoll has adjusted its Q2 EPS guidance to $0.51-$0.57, below the $0.61 estimate, with revenue expected between $950M-$990M, slightly above the $948.12M estimate. The company maintains its full-year EPS guidance of $2.20, supported by positive global demand trends and a strong backlog. A shift in the holiday promotional period will impact quarterly sales comparisons.
September 19, 2024 | 8:07 pm
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MillerKnoll's Q2 EPS guidance is below estimates, but revenue is slightly above. The company maintains its full-year EPS guidance, supported by positive demand trends and a strong backlog. A shift in the holiday promotional period will affect quarterly sales comparisons.
The lower-than-expected Q2 EPS guidance suggests potential short-term pressure on the stock price. However, the slightly higher revenue guidance and maintained full-year EPS guidance provide some support. The shift in the holiday promotional period could lead to misinterpretation of quarterly results, adding to short-term volatility.
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