Tootsie Roll Industries (TR) reported third-quarter 2026 net sales of $227.163 million, down $3.451 million (1%) from third-quarter 2025, and net earnings of $23.216 million versus $35.659 million. Net earnings per share were $0.31, down $0.17 (35%) from $0.48. For the first nine months of 2026, net sales were $528.594 million versus $530.325 million, net earnings were $54.224 million versus $71.261 million, and earnings per share were $0.72 versus $0.95, down $0.23 (24%).
Chairman Ellen R. Gordon cited timing of sales, including seasonal Halloween sales between the third and fourth quarters, and higher trade promotions, which reduce reported net sales. Gross margins were adversely affected by higher ingredient, packaging, plant labor, maintenance and supply costs; freight and delivery expenses rose with energy costs and fuel surcharges. Advertising expense was significantly higher. Acquisition-related expenses were approximately $1.3 million in the third quarter and $2.5 million for the nine months. On September 1, 2026, Tootsie Roll acquired a confectionery business principally comprising the Winis brand, manufactured and sold in Mexico; the acquisition’s sales and operating results were not material to consolidated results.
Tootsie Roll Industries, Inc. (TR) reported that its subsidiary, Tutsi, S.A. de C.V., completed the acquisition of the confectionery business of The Klass Company in Mexico on September 1, 2026, including the Winis brand. The company states that this acquisition is expected to complement its existing Mexico confectionery business, which features the Tutsi Pop brand.
Tootsie Roll Industries reported softer results for the quarter ended June 30, 2026. Total revenue was $154,219 versus $155,088 a year earlier, with net product sales at $151,943 (down 0.8%). Net earnings attributable to the company were $13,347 versus $17,544, and EPS was $0.18 compared with $0.23. First‑half 2026 net earnings were $31,008, down from $35,602, or $0.41 per share versus $0.47.
Management cites timing shifts of seasonal sales, higher cocoa and chocolate unit costs, elevated energy-driven packaging costs, and increased freight fuel surcharges as key pressures. Higher trade promotions, advertising, and professional fees also weighed on profitability. Adjusted operating income fell to $14,334 in Q2 2026 from $22,991, with adjusted operating margin at 9.4% versus 15.0%.
Liquidity remains strong: at June 30, 2026, aggregate cash, cash equivalents, and investments totaled $572,908, though first‑half operating cash flow was $(10,879) due to inventory build and tax timing. Capital expenditures reached $20,614 in the first half, including a U.S. plant expansion expected to cost $75,000–$85,000 over several years, funded from internal resources. The company again highlights exposure to a multi‑employer pension plan, where estimated withdrawal liability for 2025 was $102,800, and notes ongoing tariff and food‑dye regulatory uncertainties.
BlackRock, Inc. has filed an amended Schedule 13G reporting beneficial ownership of common stock of Tootsie Roll Industries Inc. BlackRock reports beneficial ownership of 1,926,072 shares of common stock, representing 4.5% of the outstanding class, as of the reporting date.
BlackRock reports sole voting power over 1,912,626 shares and sole dispositive power over 1,926,072 shares, with no shared voting or dispositive power. Various underlying clients or persons have rights to dividends or sale proceeds, but no single person is reported to hold more than five percent of Tootsie Roll’s outstanding common shares. This filing is identified as Amendment No. 2 and is signed by a Managing Director of BlackRock.
Tootsie Roll Industries, Inc. reported second quarter and first half 2026 results. Second quarter 2026 net sales were $151,943,000 compared to $153,190,000 in second quarter 2025. Net earnings were $13,347,000 versus $17,544,000, and net earnings per share were $0.18 compared to $0.23. First half 2026 net sales were $301,431,000 versus $299,711,000; net earnings were $31,008,000 versus $35,602,000, and earnings per share were $0.41 versus $0.47.
Management attributed performance to timing of sales, including seasonal sales between the second and third quarters, and higher trade promotions that reduce reported net sales. Gross profit margins were pressured by significantly higher cocoa and chocolate unit costs, elevated energy costs affecting freight and packaging, unfavorable international results, and increased marketing and professional fees. Effective income tax rates were 26.9% in second quarter 2026 and 33.1% in 2025, and 25.9% and 27.7% for the first half 2026 and 2025, respectively. The company expects lower cocoa and chocolate costs to benefit results in second half 2026 and into 2027 and continues to invest in manufacturing operations and brand support.
TOOTSIE ROLL INDUSTRIES INC chair and CEO Ellen R. Gordon reported a Form 4 showing an indirect bona fide gift of 23,000 shares of Common Stock by a Charitable Foundation associated with her. This is classified as a disposition for reporting purposes, not an open-market sale.
After the gift, the Charitable Foundation’s indirect holdings stood at 1,453,460 Common shares. The filing also lists additional direct and indirect Common Stock holdings for Gordon, reflecting a substantial continuing ownership position in the company.
Tootsie Roll Industries reported the results of its annual shareholder meeting held on May 6, 2026. Shareholders elected six directors to serve until the next annual meeting. Each nominee, including Ellen R. Gordon and Virginia L. Gordon, received a large majority of votes cast.
Shareholders also ratified Grant Thornton LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026. In addition, the advisory vote on executive compensation for fiscal 2025 was approved, indicating broad shareholder support for the company’s pay practices for named executive officers.
Tootsie Roll Industries reported Q1 2026 results with modest sales growth but margin pressure. Total revenue was $151,541, with net product sales up 2.0% to $149,488. Net earnings attributable to the company were $17,661, and earnings per share held steady at $0.24.
Higher cocoa and chocolate costs lifted adjusted product cost of goods sold to 66.9% of net product sales and reduced adjusted operating earnings by 8.6% to $17,778. Management highlighted continued losses at its Spanish subsidiary and ongoing multi-employer pension risks. Liquidity remains strong, with $595,844 in cash and investments and minimal debt, while the company is undertaking a U.S. plant expansion expected to cost $75,000–$85,000 over several years.
TOOTSIE ROLL INDUSTRIES INC executive Jeffrey S. Srulovitz, the company’s VP and General Counsel, submitted a Form 3, which is an initial insider ownership report. The data provided shows no reported transactions or derivative positions for this insider in the excerpted information.
Tootsie Roll Industries reported modest first quarter 2026 growth in sales but slightly lower profits. Net sales were $149,488,000, up from $146,521,000 in first quarter 2025, a 2% increase. Net earnings were $17,661,000 versus $18,058,000, while net earnings per share held steady at $0.24 in both periods.
Management cited successful marketing and trade promotions as sales drivers but noted gross profit margins were pressured by significantly higher cocoa and chocolate unit costs, unfavorable international results, and increased trade promotions. The company benefited from higher investment income, but its effective income tax rate rose to 25.1% from 21.6%, weighing on earnings. Tootsie Roll is continuing to invest in manufacturing capacity and efficiency and expects lower cocoa and chocolate costs to flow through its supply chain in late 2026 and into 2027.