The sports equipment industry shrunk during the year due to the world pandemic. This was the first time in a decade that market capitalization fell during a year. This sector of the sports apparel industry saw an increase in sales. The company reported an 82% growth in digital sales during the financial crisis. DICK’s stock significantly outperformed Wall Street expectations in the summer of 2020. The sports market was down everywhere except China, with double-digit growth. Callaway Golf reported record net sales in the few months of 2020. Bicycles are among the biggest sellers in the U.S. Inventory was reduced by a third due to supply chain issues and increased demand for sports equipment. They’re predicting that increased individual outdoor sports activities, e.g. hiking, yoga, and e-sports, will be popular by 2021.
Insider Monkey highlights the list of 10 best sporting goods stocks to buy. Vista Outdoor, Inc. manufactures and sells sporting goods and recreational goods. 10th on our list of 10 great sporting goods companies More than 40 brands and labels make agreements with the company for commercial purposes. Johnson is a Wisconsin-based company that produces and distributes sporting goods. They make water equipment, such as fishing, diving, and watercraft equipment. MarineMax, which makes and sells ocean vessels is located in Florida. It ranks eighth on our list of ten best sports stocks to buy. The company manufactures boats, such as sailboats, powerboats, fishing boats, and jets. Fairhaven-based company, Acushnet is a maker of golf equipment The business also operates in Europe, Asia, Africa, and other countries. Its products include golf clubs, balls, and golf balls. Clarus Corporation is an Utah-based manufacturer of equipment and lifestyle products It ranks sixth among the top ten best consumer-oriented investments and operates under the Black Diamond and PEPs brands. For more details, click 10 Best Sporting Goods Stocks to Buy.
