Why Herman Miller Is Enjoying Another Post-Earnings Bounce
As we begin to contemplate year-end 2019, professional-environments manufacturer and design-house Herman Miller (NASDAQ: MLHR) is one of my candidates for small-cap sleeper stock of the year. The Zeeland, Michigan-based enterprise has quietly strung together several quarters of appealing growth, and shares have ascended accordingly, rising 50% year to date.
Of course, that number doesn't include today's 5% leap in early trading, following the company's release of first-quarter fiscal 2020 results after markets concluded business Wednesday evening. Below, we'll review headline numbers and isolate the drivers of this latest quarter of outperformance.
Note that all comparative numbers that follow are presented against the prior-year quarter.
Source Fool.com
