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Sporting goods prices head in the right direction

  • Consumer Edge Research analyzes the read-through on the sporting good sector from today's consumer price report from the Bureau of Labor Statistics.
  • "Sporting goods CPI ticked up slightly in June, now up +0.1% y/y, after flat y/y over the last six months and -1.3% deflation over the past five years," notes analyst David Schick.
  • "Pricing remains subdued but the trajectory has improved meaningfully since mid-2017. We think healthier inventory at sporting goods retailers (as DKS and HIBB have noted) is driving less of a headwind to pricing," he adds.
  • Related stocks: DKS, SPWH, JOUT, HIBB, DKS, BGFV.

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