Why This Recreation Company Can Keep Your Portfolio Above Water
Marine recreation company Brunswick Corporation (NYSE: BC) has been on an impressive run this year. Revenue has been growing more than 25% each quarter, and at the time of this writing, the share price is up 33% year to date compared to the S&P 500's 25%. The company reported its Q3 2021 earnings on Oct. 28. Even with slightly lower year-over-year revenue growth, it's clear the business fundamentals are strong, making Brunswick an under-the-radar stock that investors should be aware of.
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Brunswick's business benefited from tailwinds during the pandemic, when lockdowns made boating an attractive option for folks looking to get out of the house while remaining socially distant. Beginning with Q3 of 2020, Brunswick's revenue took off and the company posted year-over-year growth of 26%, a pace much higher than before the pandemic. In the quarters since, that growth rate accelerated until falling back to 16% in the most recent quarter. Even with that pullback, there's a lot to like with Brunswick's business.
Source Fool.com
