MillerKnoll Inc (MLKN)

The gross profit margin of MillerKnoll Inc. demonstrates fluctuating trends over the defined periods, indicating variations in the company's core profitability from a manufacturing perspective. As of May 31, 2022, the gross profit margin stood at 34.28%, reflecting a conservative level of profitability on sales relative to cost of goods sold. This margin increased modestly to 34.99% by May 31, 2023, suggesting some improvement in either sales pricing or cost efficiencies.

However, a notable decline is observed by June 3, 2023, where the gross profit margin sharply decreased to 17.65%. This significant drop could indicate increased costs, pricing pressures, or a shift in sales mix impacting margins adversely within this short period.

Subsequently, the gross profit margin experienced a substantial recovery, reaching 39.12% as of May 31, 2024. This indicates an improvement in the company’s efficiency or pricing strategies, coupled perhaps with a favorable sales mix or cost management. The margin remains relatively stable at 38.76% as of May 31, 2025, maintaining a healthy level well above the earlier lows, which suggests sustained improvements in the company's core profitability metrics.

Overall, while the gross profit margin has shown volatility—most notably with the sharp decline in June 2023—the recent figures indicate a trend towards stabilization and a strong gross profit position. Such fluctuations may have been driven by temporary factors or industry-specific challenges, and the recent sustained margins suggest an improved operational or strategic footing.