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Herman Miller Inc   (MLHR)
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Herman Miller Inc 's

Competitiveness


 

MLHR Sales vs. its Competitors Q1 2021



Comparing the results to its competitors, Herman Miller Inc reported Total Revenue decrease in the 1 quarter 2021 year on year by -11.3 %, despite revenue increase by most of its competitors of 9.06 %, recorded in the same quarter.

List of MLHR Competitors

With net margin of 7.33 % company reported lower profitability than its competitors.

More on MLHR Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


Herman Miller Inc Net Income in the 1 quarter 2021 grew year on year by 16.09 %, faster than average growth of Herman Miller Inc 's competitiors .

<<  More on MLHR Income Comparisons


Herman Miller Inc 's Comment on Competitors and Industry Peers


All aspects of the company's business are highly competitive. From an office furniture perspective, the company competes largely on design, product and service quality, speed of delivery, and product pricing. Although the company is one of the largest office furniture manufacturers in the world, it competes with manufacturers that have significant resources and sales as well as many smaller companies. In the United States, the company's most significant competitors are Haworth, HNI Corporation, Kimball International, Knoll, and Steelcase.

The company also competes in the home furnishings industry, primarily against regional and national independent home furnishings retailers who market high-craft furniture to the interior design community. Similar to our office furniture product offerings, the company competes primarily on design, product and service quality, speed of delivery, and product pricing in this consumer market.





  

Overall company Market Share Q1 2021

Overall company, revenue fell by -11.3 % and company lost market share, to approximate 0.51 %.





<<  More on MLHR Market Share.
 

*Market share calculated with total revenue.


MLHR's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Herman Miller Inc 2,319 2,590 -9 7,607
Best buy Co Inc 43,638 35,014 1,541 125,000
Big Lots Inc 6,199 2,611 629 36,100
Berkshire Hathaway Inc 245,728 521,415 18,963 0
Bassett Furniture Industries Inc 387 360 -8 2,237
Costco Wholesale Corp 178,626 170,828 4,408 205,000
Ethan Allen Interiors Inc 598 813 30 5,200
Hni Corporation 1,971 1,936 81 10,400
Hooker Furniture Corporation 611 461 17 645
Kimball International Inc 579 471 9 3,081
Knoll Inc 1,295 1,211 19 3,386
Leggett and Platt Inc 4,386 7,841 290 19,000
Limited Brands Inc 0 0 0 0
La z boy Incorporated 1,582 2,086 73 8,700
Nova Lifestyle Inc 11 16 -26 726
Plum Creek Timber Co Inc 1,340 0 214 1,308
Steelcase Inc 2,596 1,954 26 11,000
Hg Holdings Inc 97 27 -1 71
WHOLE FOODS MARKET, INC. 0 0 0 0
Weyerhaeuser Company 8,310 30,001 1,328 12,800
SUBTOTAL 500,274 779,634 27,584 452,261


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