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Despite a travel ban and social distancing restrictions, the sporting goods industry was resilient during the pandemic because people focused on playing individual sports and home workouts. However, increasing vaccination rates and the lifting of travel restrictions have resulted in the rescheduling of big sports tournaments and other outdoor activities this year. As a result, brick-and-mortar store sales and e-commerce sales witnessed huge growth in the first half of this year. The global sporting goods market is expected to grow at a 3.2% CAGR and reach $62.84 billion by 2027. So, both DKS and SPWH should benefit.
But while SPWH’s stock has lost 28.5% in price over the past six months, DKS has surged 11.8%. DKS is a clear winner with 93.6% gains versus SPWH’s negative returns in terms of their year-to-date performance. But which of these stocks is a better pick now? Let us find out.
