Outdoor industry stocks suffer setbacks in Q3
October 5, 2021
Snarled supply chains have done more than slow the movement of outdoor goods around the globe. They’ve also stalled public companies’ stock growth.
In the third quarter, congested ports stymied the skyrocketing demand for outdoor products and caused the share prices of outdoor-focused publicly traded corporations to suffer as well.
Companies with one or more outdoor assets in their portfolios saw shares decline an average of 6.1 percent in the July to September timeframe, down significantly from Q2’s 14.9 percent growth and Q1’s 15.8 percent growth, according to the latest OBJ Outdoor Index. Outside Business Journal