Despite Market Weakness, MillerKnoll Is Too Cheap To Pass Up

MillerKnoll remains attractively valued despite recent share price gains and some near-term operational headwinds.

MLKN's North America Contract segment drives consistent revenue and profit growth, supported by higher prices, volumes, and operational efficiency. Global Retail segment profitability has collapsed due to tariffs and rising costs, while backlog declined amid macroeconomic and geopolitical pressures.

I maintain a soft ‘buy’ rating, as shares are cheap versus peers and management guides for full-year revenue and earnings growth despite a weak Q1 outlook.

One company that I have been amazed by recently has been MillerKnoll (MLKN). For those who have not come across the company before, it essentially operates as an owner of brands that involve interior