MillerKnoll Inc. (NASDAQ:MLKN) shares traded sharply lower in Thursday’s premarket session after the company reported third-quarter fiscal 2026 results that missed expectations and issued a softer-than-expected outlook.

Earnings Miss Expectations

Net sales rose 5.8% year over year to $926.6 million, falling short of the $942.0 million consensus estimate.

Segment performance was mixed. North America Contract revenue increased 4.4% to $488.6 million, while International Contract revenue grew 7.8% to $156.9 million. Global Retail sales climbed 7.1% to $281.1 million.

Orders rose 9.2% year over year, or 7.2% on an organic basis, reaching $931.6 million, supported by strength in North America Contract and Global Retail.

Adjusted operating margin declined to 5.7% from 6.6% a year ...