MLKN operating income surges 293% to $198M as FY25 impairments clear; revenue +4.7%

Filed July 20, 2026 · Period ending May 30, 2026 · Compared to 10-K Jul 21, 2025 · ~2 min read

Key Changes

• high

  Operating income jumped 293% to $3,841.7 million in FY26 from $81.6 million in FY25, driven by the absence of $130M in non-cash impairment charges that depressed the prior year. Diluted EPS swung from a $0.54 loss to $1.32 earnings.

  MD&A: Operating Income & EPS verify on EDGAR →
• high

  Net sales grew 4.7% to $3.84B, accelerating from 1.1% growth in FY25, driven by higher volumes across all segments, pricing actions, and favorable foreign currency translation.

  MD&A: Net Sales verify on EDGAR →
• high

  Retail footprint expanded from 78 to 93 stores, adding 7 DWR, 9 Herman Miller, and 2 Knoll locations. The expansion reflects the company's strategic focus on direct-to-consumer retail.

  MD&A: Retail Store Count verify on EDGAR →