Tootsie Roll's Q3 EPS falls, hurt by Halloween sales timing and higher costs
Tootsie Roll's Q3 EPS falls, hurt by Halloween sales timing and higher costs
Overview
US candy maker's Q3 net sales fell 1% from prior year
Q3 EPS declined 35% yr/yr
Company says results impacted by timing of Halloween sales and higher costs
Outlook
Freight and delivery costs expected to stay elevated through fourth qtr 2026 and into 2027
Company to maintain higher advertising and trade promotion spending in 2026
Result Drivers
HALLOWEEN SALES TIMING - Co said Q3 results were hurt by timing of Halloween sales shifting to Q4 compared to prior year
HIGHER TRADE PROMOTIONS - Increased trade promotions reduced reported net sales in Q3
HIGHER INPUT COSTS - Increased costs for ingredients, packaging, labor and energy hurt margins in Q3
Company press release: Full Story
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 EPS |
| $0.31 |
|
Reuters Recommended Reads
Oct 22 - Indonesia's July-September cocoa grinding rises 2% to 112,628 metric tons
Oct 22 - Nestle beats sales forecasts as CEO's turnaround gains pace
Oct 22 - Switzerland's Nestlé maintains 2026 organic growth guidance at 3% to 4%
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)