Top line: Wolverine Worldwide's Q3 revenue rose 7.5% to $505.4M, its eighth straight quarter of growth, led by Saucony (up 19.4% to $158.9M) and Merrell (up 6.5% to $178.2M), while Sweaty Betty fell 7% and DTC grew just 2.2%. The bigger number for the industry is the $35.3M in refunds of IEEPA tariffs it received in the quarter: they added about 640 basis points to gross margin (54.6% vs. 47.5%) and about $0.31 to EPS ($0.78 diluted). Wolverine raised its 2026 outlook to $2.000–$2.010B in revenue and $1.95–$1.99 in adjusted EPS, from $1.55–$1.65, with about $0.32 of that coming from the refunds. It's the clearest example yet of how one-time tariff refunds are flattering outdoor and footwear margins this earnings season. (Wolverine Worldwide)

Bike

  • Leatt's Q3 revenue rose 43% to $20.46M, its highest quarter in four years, with sales to distributors up 52%, dealer direct up 24% and consumer direct up 25%; net income rose to $2.20M from $0.54M, and nine-month revenue is up 23% to $56.36M. The moto and MTB protection maker is another sign that sell-through at dealers is improving after the destocking cycle. (Leatt)
  • Huffy is recalling 286 Buzz Cerana T2 e-trikes because the rear wheels can loosen, after 12 reports of wheels detaching and resulting injuries; the trikes sold through independent shops and online from November 2024 through July 2026 for $1,400–$2,500. (Bicycle Retailer)
  • The Life Time Grand Prix raised its 2027 prize purse to a record $800,000, a sign the U.S. off-road and gravel race series is still investing despite a tight market. (Bicycle Retailer)
  • Chinese brand Winspace unveiled its C6 endurance road bike at Rouleur Live, with pricing due Nov. 18, as Chinese direct-to-consumer brands keep pushing into Western markets. (BikeRadar)

Ski & Snow

  • Vail Mountain opens today, Nov. 13, on schedule but on snowmaking alone, with only the intermediate Ramshorn run off Mountaintop Express and Gondola One and no beginner terrain; forecasters see a pattern shift that could bring snow to the West next week. (POWDER via AOL)
  • Indy Pass added 15 full partners (10 alpine areas, including Utah's Cherry Peak, Washington's Stoke Mountain and four Norwegian resorts, plus five Nordic centers), and New York's Whiteface, Gore and Belleayre joined its discount-only Allied Program. The added capacity lets Indy reopen a limited pass sale today for early waitlist members. (SAM Magazine)

Outdoor

  • Suunto plans to cut about 118 of its roughly 160 jobs in Finland, about 74%, mainly in R&D and production, as Chinese owner Liesheng keeps moving work to China, according to Helsingin Sanomat. (Notebookcheck)

Upcoming

Youngone (Scott Sports' parent) is expected to report Q3 around Nov. 13–14 Korea time; Daishin Securities models Scott's Q3 operating loss narrowing to about ₩12B on about ₩346B in revenue, from a ₩20B loss a year ago. Epic Pass prices rise after Nov. 15; Merida reports Q3 Nov. 16; Amer Sports reports Nov. 17; the Bicycle Industry Summit runs Nov. 18–20 in Tucson; Utah's first resort openings are targeted for Nov. 20. Pon hasn't announced a date for any 2026 interim figures.

The Outdoor Pulse is published weekday mornings. Weekly deep dives on Mondays.