Candymaker Tootsie Roll's Q2 EPS falls, impacted by higher input costs

Tootsie Roll Industries, Inc.

Tootsie Roll Industries, Inc.

TR

0.00


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


Reuters Recommended Reads

  • July 21 - Chocolate maker Lindt may cut prices in some countries to stimulate growth

  • July 21 - Snacks maker Utz Brands to be taken private in $2.9 billion deal

  • July 23 - Indonesia's Q2 cocoa grinding up 30% q/q, industry ministry says


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