MillerKnoll (MLKN) reported first-quarter fiscal 2027 net sales of $923.4 million, down 3.4% from a year earlier, while GAAP net earnings rose to $27.6 million from $21.1 million. Diluted earnings per share were $0.38, compared with $0.29 in the prior-year quarter.
The quarter ended August 29, 2026. The company reported $10 million of operating-income benefit from U.S. government refunds of previously paid IEEPA tariffs, equating to a $0.11 per-share benefit to diluted EPS.
- Orders totaled $913.9 million, up 3.2% year over year.
- Gross margin increased to 41.7% from 38.5%.
- Cash flow from operations was $49.1 million, versus $9.4 million a year earlier.
- Liquidity was $580.4 million as of August 29, 2026.
- Q2 fiscal 2027 net sales guidance is $972 million to $1.012 billion.
- Full-year fiscal 2027 net sales guidance is $3.88 billion to $4.03 billion.
$MLKN Hedge Fund Activity
We have seen 115 institutional investors add shares of $MLKN stock to their portfolio, and 130 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC removed 1,547,753 shares (-42.5%) from their portfolio in Q2 2026, for an estimated $31,667,026
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 1,263,574 shares (+inf%) to their portfolio in Q2 2026, for an estimated $25,852,724
- PZENA INVESTMENT MANAGEMENT LLC added 1,036,963 shares (+52.0%) to their portfolio in Q2 2026, for an estimated $21,216,262
- GENDELL JEFFREY L added 801,445 shares (+inf%) to their portfolio in Q2 2026, for an estimated $16,397,564
- RENAISSANCE TECHNOLOGIES LLC added 508,200 shares (+273.0%) to their portfolio in Q2 2026, for an estimated $10,397,772
- DISCIPLINED GROWTH INVESTORS INC /MN removed 498,550 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $10,200,333
- VULCAN VALUE PARTNERS, LLC removed 486,458 shares (-36.7%) from their portfolio in Q2 2026, for an estimated $9,952,930
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
