MillerKnoll: Hybrid
office growth slows

Prices hide -40% volume fall
v'19. Global retail improving

Miller Knoll the recently relegated #2 US furnituremaker, maintained its focus on hybrid offices, but with limited success. Can interim CEO Jeff Stutz be more transparent than his predecessor? He said "We delivered strong earnings, above expectations, reflecting solid execution" Really profits were down, yet GP was +3.2%/points from price hikes? Full report analysis here, first