10 Best Furniture Stocks to Buy Right Now

8. MillerKnoll, Inc. (NASDAQ:MLKN)

Number of Hedge Fund Holders: 16

MillerKnoll, Inc. (NASDAQ:MLKN) designs, manufactures, and sells furniture systems, seating products, and other freestanding furniture elements. It operates through the Americas Contract, International Contract & Specialty, and Global Retail segments. In fiscal Q2 2025, the company reported a 2.2% year-over-year growth in consolidated net sales, primarily due to strength in its Americas Contract and International Contract & Specialty segments.

MillerKnoll, Inc. (NASDAQ:MLKN) also maintained gross margin strength in the quarter, with consolidated gross margins of 38.8% in fiscal Q2 2025. The company returned around $93.1 million to shareholders through dividends and share repurchases through the first half of fiscal 2025.

Almost all of the company’s product categories are performing better than the previous year, positioning it to continue strategic investments in improving its core business. MillerKnoll, Inc. (NASDAQ:MLKN) is focusing on continuing investments in innovative product assortment and new stores and has plans to introduce an expanded product assortment in spring 2025, with new product launches up over 100% compared to spring 2024.

Vulcan Value Partners made the following comment about MillerKnoll, Inc. (NASDAQ:MLKN) in its Q3 2023 investor letter:

“MillerKnoll, Inc. (NASDAQ:MLKN) is a designer and manufacturer of premium furniture for the office and home. While there continues to be a fair amount of uncertainty as it relates to the future of office, the company performed well during the quarter due to strong execution, cost containment, and an indication from management that a positive inflection point in demand is in its sights. We continue to favor the quality of MillerKnoll’s collection of brands, its multi-channel distribution model, and its experienced management team.”