Wolverine World Wide's Q3 beat, revised guidance gets a tariff boost
Published . Updated .
Key takeaways
- Wolverine World Wide NYSE:WWW beat third-quarter sales and earnings expectations and raised their guidance for the year as more than $35M in tariff refunds bolstered the company’s bottom line and led to a 700 basis point expansion to its gross margin.The results help to drive
- Exposed: XLI, XRT, CAT, DE, WMT
- Market reaction: XRT −1.7% on the day; XLI −0.6% on the day; DE −1.8% on the day
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Wolverine World Wide NYSE:WWW beat third-quarter sales and earnings expectations and raised their guidance for the year as more than $35M in tariff refunds bolstered the company’s bottom line and led to a 700 basis point expansion to its gross margin.The results help to drive
Directly affected
- WWW Wolverine World Wide
Named in this report.
Indirectly affected
- XLI Industrial Select Sector SPDR
Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story.
- XRT SPDR S&P Retail ETF
SPDR S&P Retail ETF: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story.
- CAT Caterpillar
Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
- DE Deere
Deere (farm machinery and equipment): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
- WMT Walmart
Walmart (variety stores): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
- NKE Nike
Nike (rubber and plastics footwear): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| WWW | -1.14% | +0.05% | base | +4.33% | after close | after close | after close |
| XLI | -4.94% | -1.22% | base | -0.56% | after close | after close | after close |
| XRT | -1.37% | +0.47% | base | -1.72% | after close | after close | after close |
| CAT | -8.01% | -0.49% | base | +0.72% | after close | after close | after close |
| DE | -4.00% | -0.02% | base | -1.79% | after close | after close | after close |
| WMT | +1.59% | -0.08% | base | +0.18% | after close | after close | after close |
| NKE | +3.21% | +4.04% | base | -1.59% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Wolverine World Wide's Q3 beat, revised guidance gets a tariff boost TradingView
Source: TradingView
The price since 12 Nov 2026: Select Sector Spdr Tr (XLI) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| Caterpillar (CAT) | that day | +0.72% | final price |
| Caterpillar (CAT) | three days earlier | -0.49% | final price |
| Caterpillar (CAT) | five days earlier | -8.01% | final price |
| Deere (DE) | that day | -1.79% | final price |
| Deere (DE) | three days earlier | -0.02% | final price |
| Deere (DE) | five days earlier | -4.00% | final price |
| Nike (NKE) | that day | -1.59% | final price |
| Nike (NKE) | three days earlier | +4.04% | final price |
| Nike (NKE) | five days earlier | +3.21% | final price |
| Walmart (WMT) | that day | +0.18% | final price |
| Walmart (WMT) | three days earlier | -0.08% | final price |
| Walmart (WMT) | five days earlier | +1.59% | final price |
| WWW | that day | +4.33% | final price |
| WWW | three days earlier | +0.05% | final price |
| WWW | five days earlier | -1.14% | final price |
| Select Sector Spdr Tr (XLI) | that day | -0.56% | final price |
| Select Sector Spdr Tr (XLI) | three days earlier | -1.22% | final price |
| Select Sector Spdr Tr (XLI) | five days earlier | -4.94% | final price |
| Spdr Series Trust (XRT) | that day | -1.72% | final price |
| Spdr Series Trust (XRT) | three days earlier | +0.47% | final price |
| Spdr Series Trust (XRT) | five days earlier | -1.37% | final price |
Trades by members of Congress and officials in the stocks in this story
- Donald J Trump, an executive branch official, bought Wolverine World Wide (WWW), worth $1,001 - $15,000 on 31 Aug 2026. That is 73 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Lisa McClain bought Caterpillar (CAT) (held by a spouse), worth $1,001 - $15,000 on 28 Sep 2026. That is 45 days before publication. Filed 12 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Walmart (WMT) (held by a dependent child), worth $15,001 - $50,000 on 13 Oct 2026. That is 30 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna sold Walmart (WMT) (held by a spouse), worth $1,001 - $15,000 on 7 Oct 2026. That is 36 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Pete Sessions sold Walmart (WMT) (held by a spouse), worth $50,001 - $100,000 on 2 Oct 2026. That is 41 days before publication. Filed 27 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Nike (NKE), worth $15,001 - $50,000 on 28 Aug 2026. That is 76 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Gilbert Cisneros sold Nike (NKE), worth $15,001 - $50,000 on 27 Aug 2026. That is 77 days before publication. Filed 10 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, sold Nike (NKE), worth $100,001 - $250,000 on 21 Aug 2026. That is 83 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Select Sector Spdr Tr (XLI)
Companies tied to this story
- XLI Select Sector Spdr Tr
For “Wolverine World Wide's Q3 beat, revised guidance gets a tariff boost,” Select Sector Spdr Tr (XLI) is linked, with no stored direction, medium confidence. Reason on file: Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story
- XRT Spdr Series Trust
For “Wolverine World Wide's Q3 beat, revised guidance gets a tariff boost,” Spdr Series Trust (XRT) is linked, with no stored direction, medium confidence. Reason on file: SPDR S&P Retail ETF: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story
- CAT Caterpillar
Caterpillar (CAT) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Wolverine World Wide's Q3 beat, revised guidance gets a tariff boost.” Reason on file: Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story
- DE Deere
For “Wolverine World Wide's Q3 beat, revised guidance gets a tariff boost,” Deere (DE) is linked, with no stored direction, medium confidence. Reason on file: Deere (farm machinery and equipment): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story
- WMT Walmart
Walmart (WMT) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Wolverine World Wide's Q3 beat, revised guidance gets a tariff boost.” Reason on file: Walmart (variety stores): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story
- NKE Nike
Nike (NKE) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Wolverine World Wide's Q3 beat, revised guidance gets a tariff boost.” Reason on file: Nike (rubber and plastics footwear): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story
Select Sector Spdr Tr (XLI)
“Wolverine World Wide's Q3 beat, revised guidance gets a tariff boost” (12 Nov 2026) reaches Select Sector Spdr Tr (XLI) through this story.
The link for Select Sector Spdr Tr (XLI) is this: Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story
Also listed, Spdr Series Trust (XRT): SPDR S&P Retail ETF: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story
The price range for Select Sector Spdr Tr (XLI), and the dates in the story
CAT traded between 550.88 and 742.69 across 20 sessions. The latest close on file is 601.69. XLI traded between 163.00 and 172.33 across 20 sessions. The latest close on file is 169.73.
A simple score for Select Sector Spdr Tr (XLI)
46 out of 100
“Wolverine World Wide's Q3 beat, revised guidance gets a tariff boost” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.