MillerKnoll reported a robust start to fiscal 2026 (QQ1 2026), delivering consolidated net sales of $955.7 million and adjusted earnings per share (EPS) of $0.45, with net sales up 10.9% year-over-year and organic growth of 10%. Management attributed the outperformance to a combination of stronger demand across contract and retail segments, favorable fixed-cost leverage, and the contribution of geographic and channel expansion initiatives. The quarter benefited from a favorable product mix and price actions intended to offset tariff headwinds, while tariffs imparted a modest drag on margins in the near term. Management highlighted ongoing ramp in the North America Contract (NAC) business, a disciplined store expansion program in Global Retail, and a markedly accelerated product pipeline (50% more new product introductions in the year). The company reaffirmed 2026 guidance, signaling a mid-single-digit revenue trajectory with a gross margin in the high-37% to low-38% range, and adjusted EPS of $0.38–$0.44, while noting net tariff-related gross margin headwinds of $2–$4 million in Q2 and incremental pre-opening costs related to new stores. With liquidity of ~$481 million and a net debt-to-EBITDA ratio of ~2.92x, MillerKnoll remains financially flexible to fund store openings, product innovation, and potential bolt-on opportunities amid industry consolidation.