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HOKA and UGG drive record revenue despite promotional headwinds and logistics disruptions.
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Implemented in March as an emergency step, the policy was designed to protect businesses and households from skyrocketing oil prices triggered by the US-Israeli war with Iran.
Mainland stocks extended losses on Friday, tracking broad weakness across global markets, as a selloff in tech shares on Wall Street weighed on investor sentiment.
Production ramps create near-term cost pressure, but management sees a clear path to 18% operating margins by decade's end.
