# Wolverine raises its outlook on Saucony and $35M in tariff refunds; Leatt posts a four-year sales high

Canonical URL: https://jeffbrines.com/newswire/2026-11-13-daily/
Author: Outdoor Pulse
Published: 2026-11-13T00:00:00.000Z
Source: Outdoor Pulse Newswire

**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](https://investors.wolverineworldwide.com/news/news-details/2026/Wolverine-Worldwide-Reports-Third-Quarter-2026-Results/default.aspx))

## 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](https://leatt-corp.com/blogs/investor-news/leatt-corporation-announces-results-for-the-third-quarter-2026))
-   **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](https://www.bicycleretailer.com/recalls/2026/11/12/huffy-recalls-buzz-trike-over-axle-assembly-concerns))
-   **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](https://www.bicycleretailer.com/announcements))
-   **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](https://www.bikeradar.com/news/2026-winspace-c6))

## 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](https://www.aol.com/articles/another-colorado-ski-resort-confirms-200032000.html))
-   **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](https://www.saminfo.com/indy-pass-adds-15-full-partners-whiteface-gore-and-belleayre-join-allied-program/))

## 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](https://www.notebookcheck.net/Made-in-China-Suunto-reportedly-plans-to-lay-off-over-70-of-Finland-staff.1448923.0.html))

## 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.

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