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Is MillerKnoll, Inc. (MLKN) The Best Furniture Stock To Invest In According To Analysts? [Yahoo! Finance]

MillerKnoll, Inc. (MLKN) 
Company Research Source: Yahoo! Finance
MillerKnoll, Inc. (NASDAQ:MLKN) stands against other best furniture stocks to invest in according to analysts. The furniture industry has faced some serious headwinds over the past years. Last time the industry was thriving at substantial growth rates was in 2021, when a surge in consumer spending after the pandemic uplifted the industry. According to a report by Home Furnishing Business, the furniture and bedding industry sales grew by around 21.9% during 2021. However, the growth trend couldn't sustain for long due to the rise in inflation, which resulted in the growth falling to only 5.2% in 2022 and negative 0.4% in 2023. Fastforwarding to 2024, it seems that the furniture industry is yet to rebound from its post pandemic lows. Most of the major players in the furniture retail industry of the United States posted declining sales and falling share values during the first quarter of fiscal 2024. According to a report by Forbes, the sales of furniture and home furnishings were do Show less Read more
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