{"id":100188,"date":"2021-08-23T11:30:00","date_gmt":"2021-08-23T15:30:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=100188"},"modified":"2022-11-21T09:47:56","modified_gmt":"2022-11-21T14:47:56","slug":"huntin-fishin-and-lovin-every-day","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/huntin-fishin-and-lovin-every-day\/","title":{"rendered":"Huntin’, Fishin’ and Lovin’ Every Day!"},"content":{"rendered":"\n

“How long will the shift to the outdoors last?”<\/h3>\n\n\n\n

Overview<\/strong><\/h2>\n\n\n\n

On July 2, 2020, in our \u201cGreat Outdoors Whitepaper<\/a>\u201d we laid out the thesis that outdoor leisure companies would benefit greatly from the COVID-19 pandemic and related social distancing measures. It has now been a year since our report and we think it is a good time to reflect on the outperformance of our \u201cGreat Outdoors Index\u201d as investors have increasingly become aware of the long-term ramifications of the consumer shift to the outdoors. In this whitepaper, we lay out various highlights that have occurred over the past year in the industry and offer further insights into what we believe the future of the spaces holds, especially with widespread vaccine availability pushing consumers back to normalcy. Additionally, we review how our identified short-term beneficiaries have tracked since our original report and re-highlight our thoughts on the potential long-term winners in the industry (short-term winners denoted by * next to company name in Table 1). It is important to note that this update serves as an overview of the industry itself and does provide deep dives into specific companies. The majority of the companies mentioned in this report have enjoyed record earnings over the past year and are also seeing record order backlogs that in many cases extend out to the 2022\/2023 selling season. We provide some commentary from various management teams to highlight what industry participants are discussing to offer a glimpse into the health of the industry and the various companies in our index.<\/p>\n\n\n\n

Table 1<\/strong><\/h2>\n\n\n\n
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US Outdoor Recreation Industry Highlights 2020<\/strong><\/h2>\n\n\n\n

Total outdoor participation in the US grew to 53% of the population, up from 50.7% in 2019 and 50.5% in 2018. Major categories of outdoor activities include: boating, hiking, camping, fishing, hunting and running.<\/p>\n\n\n\n