Giving back all of the gains realized in the past two years, the public sporting goods stocks we track fell back to earth last year with a 33% weighted average decline in local currencies after an average gain of 10% in 2021 and an amazing 32% jump in the pandemic year. The decline in dollars was even worse, with the aggregate market cap falling 34% to $544,583 million from $822,196 million. Sporting goods stocks performed significantly below global markets overall, continuing a trend we observed a year ago. The largest companies ... Log in to view full article.