February 17, 2020
After moving to Utah a number of years ago, my family and I have found time each year to enjoy the local ski resorts. The memories we’ve made each season keep us coming back again and again. Despite being a seasonally driven industry, public companies in the winter sports space have broad customer appeal.
Below are a few public companies that provide investors an opportunity to invest in winter sports.
Vail Resorts is the largest and most recognizable publicly traded operator of mountain resorts and urban ski areas in the United States. They recently bought a public competitor, Peak Resorts, in a deal valued at $264 million. With resorts sprinkled across the U.S., Vail offers various winter and summer recreational activities, including skiing, snowboarding, snowshoeing, snow tubing, sightseeing, mountain biking, guided hiking, zip lines, challenge ropes courses, alpine slides and mountain coasters, to name a few.
Dick's is a sporting goods retailer and a great place to start when looking to up your winter sports game. With more than 700 stores in 47 states, there is a good chance you live near one of their locations. Headquartered in Pittsburgh, PA, Dick’s also owns and operates Golf Galaxy, Field & Stream and True Runner specialty stores.
Wolverine Worldwide is one of the world’s leading marketers and licencors of branded casual, active lifestyle, work, outdoor sport, athletic, children’s and uniform footwear and apparel. The Company’s portfolio of highly recognized brands includes Merrell, Sperry, Hush Puppies and Saucony. Merrell has been one of my favorite outdoor brands over the years, and has kept my feet warm and comfortable on those long winter hikes and snowshoe treks.
While there are many other publicly traded companies related to cycling not mentioned, the above companies and their products have been my personal favorites over the years. What have been your favorite products you can’t go without while on the slopes?