) are surging, trading above $1,000 after the company projected 10% revenue growth for the year ahead. The success of the stock, which is up over 50% year to date, is driven by the popularity of its Uggs and Hoka brands. These comprise the largest component of the company's business by revenue.It's touching record highs, and it comes after the company projected 10% revenue growth for the year ahead.
This all has to do with the popularity of a couple of it sh brands in particular, which saw a big increase quarter in the numbers 15% increase in those net sales. Deckers had a master class in beating expectations at Reed Strong, another beat across EPS revenue growth margin, and EBI, we viewed the fourth quarter, uh, guidance, uh, guide as conservative, but are surprised that the magnitude of the upside, especially for Ugg, which had lean inventories, raised the price tag target to 1100 from 925 and, uh, Cowan saying expectations were just crushed.
-- Canada’s banking watchdog warned that many homeowners who took out mortgages when rates were near zero during the pandemic will soon face a reckoning as those loans renew.