Tootsie Roll Q1 net sales rise

Tootsie Roll Industries, Inc.

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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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