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Because team sports were widely suspended amid the worst of the COVID-19 pandemic, the company’s revenue was affected slightly as the demand for related products fell. However, this was more than offset by strength in its other product categories. BGFV reported impressive total revenue growth in its last-reported quarter.
As people have recognized the importance of staying fit while spending most of the time at home, the demand for BGFV’s athletic apparel has increased. This led to the stock’s 95.8% gain over the past six months. So, we think it is wise to bet on the stock now because this trend is expected to continue in the coming months.
