After 2022’s bloodbath where public sporting goods companies’ valuations plunged by a third, their weighted average gain in local currencies was just over 2% last year, well below the double-digit increases in most global stock markets. In dollars, the aggregate market capitalization of the companies we track increased nearly 3% to $557,928 million from $542,680 million. Despite declines from Nike, Anta and Shenzhou Int’l., the 11 largest companies with a $10 billion or higher market cap outperformed smaller players, expanding in value by 7% while the rest slipped 8% last year. ... Log in to view full article.