Tootsie Roll Q1 net sales rise

Tootsie Roll Industries

23/04/2026 16:09

Overview

U.S. candy maker's Q1 net sales rose 2% yr/yr, while net earnings declined slightly

Q1 EPS remained flat at $0.24 compared to prior year

Tootsie Roll Industries Inc cited higher cocoa costs and increased trade promotions as factors impacting margins

Outlook

Company expects lower cocoa and chocolate costs in late 2026 and into 2027

Tootsie Roll says it is investing in manufacturing operations to meet new product demands

Result Drivers

MARKETING AND SALES PROGRAMS - Co said higher sales were driven by successful marketing and sales programs, including trade promotions and brand support

HIGHER COCOA COSTS - Gross profit margins were hurt by significantly higher cocoa and chocolate unit costs compared to Q1 2025

HIGHER TAX RATE - Net earnings were negatively affected by a higher effective income tax rate in Q1 2026

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.24


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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.)