Earnings ·
Tootsie Roll Industries reported second quarter 2026 net sales of $151.9 million, a 1% decrease from $153.2 million in…
TROLBTootsie Roll Industries Inc
Tootsie Roll Industries reported second quarter 2026 net sales of $151.9 million, a 1% decrease from $153.2 million in the prior year. Second quarter net earnings fell to $13.3 million, with earnings per share of $0.18 compared to $0.23 in 2025. For the first half of 2026, net sales rose 1% to $301.4 million, while net earnings decreased to $31.0 million, resulting in earnings per share of $0.41 versus $0.47 in 2025. Management attributed the decline in earnings to higher cocoa and chocolate unit costs, increased trade promotions, elevated energy costs affecting freight and packaging, and unfavorable international results. The company expects lower cocoa and chocolate costs in the second half of 2026 and into 2027. The company operates in the confectionery industry and manufactures candy products.