The athletics and recreation industry is expected to bounce back to pre-pandemic levels this summer, buoyed by a strong COVID-19 vaccination drive and pent-up demand. Thus, we think established companies in the sector, Pool Corporation (NASDAQ:POOL), DICK'S Sporting Goods, Inc. (DKS), and Brunswick Corporation (NYSE:BC), should generate substantial returns in the near term. Do read on.With a robust vaccination drive and the easing of COVID-19 pandemic related restrictions, outdoor activities are regaining popularity. Fitness goals have been trending online over the past year and studies show 59.1% of active adults chose outdoor activities as the best way to stay fit in 2021, reflecting a 14.6% year-over-year increase.
And with 67.7% of the U.S. adult population now inoculated with at least one dose of vaccine, along with the easing of distancing restrictions, demand for outdoor recreational activities has increased significantly over the past couple of months.
Because outdoor recreation and sports activities are back on track, we believe athletics and recreation stocks Pool Corporation (POOL), DICK'S Sporting Goods, Inc. (DKS), and Brunswick Corporation (BC) should be major gainers in the near term.