MillerKnoll Inc Q3 2022 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Chen Yang - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst : So obviously, going forward, your expecting pricing actions to further benefit margins. But just curious how much of your backlog is now comprised of orders under new pricing versus old pricing? And then it sounds like supply chain constraints are getting better. So I guess just what tangible aspects can you talk to that just give you confidence we'll be able to see improvements in moving your backlog better going forward?

Question: Chen Yang - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst : Yes. No, I really appreciate the color there. That's super helpful. And I know we talked a lot on retail already, but orders were pretty strong year-over-year, especially given the tough comps, but I think retail orders declined sequentially from last quarter. So just curious on any thoughts you have on trends that may be permanently changing there if that's just the reduction in task seating or anything else that may have drove that? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. MARCH 29, 2022 / 9:30PM, MLKN.OQ - Q3 2022 MillerKnoll Inc Earnings Call

Question: Chen Yang - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst : Okay. Great. And then just last one for me. I know it's early, but are there any results you can share so far from your new MillerKnoll dealer group in Europe? I think you were also doing some testing with pilot groups in Texas and Arizona. So just curious if any results were different between each of them? And if there are any major differences to note when it comes to the integration of your domestic versus international dealers?