Candymaker Tootsie Roll's Q2 EPS falls, impacted by higher input costs
Candymaker Tootsie Roll's Q2 EPS falls, impacted by higher input costs
Overview
U.S. confectionery maker's Q2 net sales declined 1% yr/yr
Q2 net earnings per share fell 22% yr/yr
Company cites timing of seasonal sales, higher input costs, and increased trade promotions for declines
Outlook
Company expects lower cocoa and chocolate costs in second half 2026 and into 2027
Result Drivers
SALES TIMING - Co said timing of seasonal sales between Q2 and Q3 negatively affected Q2 results
HIGHER INPUT COSTS - Gross profit margins were hurt by higher cocoa, chocolate, energy, and packaging costs
INCREASED TRADE PROMOTIONS - Higher trade promotions and advertising reduced reported net sales
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 EPS |
| $0.18 |
|
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)