Every material Form 8-K Tootsie Roll Industries has filed with the SEC since October 26, 2023, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Tootsie Roll reported third-quarter 2026 net sales of $227.2 million, down 1% from a year earlier, and net earnings of $23.2 million, down 35%. The company cited the timing of sales between the third and fourth quarters, higher trade promotion and advertising spending, higher ingredient, packaging and freight costs, and about $1.3 million of acquisition-related expenses, which weigh on per-share earnings for shareholders.
Q3 2026 net sales were $227,163,000 versus $230,614,000 in Q3 2025, a decrease of 1%.
Q3 2026 net earnings per share were $0.31 versus $0.48 in Q3 2025, a decrease of 35%.
Nine-month 2026 net earnings were $54,224,000 ($0.72 per share) versus $71,261,000 ($0.95 per share) in 2025.
On September 1, 2026, the company acquired a confectionery business principally comprising the Winis brand in Mexico; acquisition expenses were about $1,300,000 in Q3 2026.
Tootsie Roll reported second quarter 2026 net sales of $151.9 million, down 1% from $153.2 million a year earlier, and net earnings of $13.3 million, or $0.18 per share, versus $17.5 million, or $0.23 per share, in the second quarter of 2025. The company attributed the decline to the timing of sales between the second and third quarters, higher cocoa and chocolate costs, higher trade promotion and advertising spending, and other cost increases, and said it expects lower cocoa costs in the second half of 2026 and into 2027.
Q2 2026 net sales $151.9 million vs. $153.2 million in Q2 2025; net earnings $13.3 million vs. $17.5 million
First half 2026 net sales rose 1% to $301.4 million, while first half net earnings fell to $31.0 million from $35.6 million
First half EPS was $0.41 vs. $0.47 a year earlier; effective tax rate for Q2 2026 was 26.9% vs. 33.1%
Management expects lower cocoa and chocolate costs to begin flowing through in the second half of 2026 and into 2027
Tootsie Roll Industries reported first quarter 2026 net sales of $149.5 million, up 2% from $146.5 million a year earlier, while net earnings fell to $17.7 million from $18.1 million. Earnings per share were $0.24 in both periods, and the company said higher cocoa and chocolate costs weighed on gross profit margins.
Net sales rose $3.0 million, or 2%, to $149.5 million in the quarter ended March 31, 2026.
Net earnings were $17.7 million versus $18.1 million; earnings per share held at $0.24 in both years.
The effective income tax rate was 25.1% compared with 21.6% a year earlier, reflecting non-deductible deferred compensation.
Management expects lower cocoa and chocolate costs to appear in late 2026 and into 2027.
Tootsie Roll reported fourth-quarter 2025 net sales of $194,350,000, up 2% from $191,356,000, and net earnings of $28,791,000, up from $22,509,000. Earnings per share rose to $0.40 from $0.31, but the company said higher cocoa and chocolate costs and a prior-year LIFO liquidation benefit weighed on adjusted net earnings, which fell to $29,116,000 from $33,519,000.
Q4 2025 net sales were $194,350,000 versus $191,356,000 in Q4 2024, an increase of $2,994,000 or 2%.
Q4 2025 net earnings were $28,791,000, or $0.40 per share, versus $22,509,000, or $0.31 per share, in Q4 2024.
Full-year 2025 net sales were $724,675,000 and net earnings were $100,052,000, or $1.37 per share, versus $1.18 per share in 2024.
The company estimated its 2025 incremental cost of tariffs at approximately $3.7 million and said lower cocoa and chocolate costs should begin in late 2026.
Tootsie Roll reported third quarter 2025 net sales of $230.6 million, up 3% from a year earlier, and net earnings of $35.7 million, up from $32.8 million. Earnings per share rose 9% to $0.49, helped by higher price realization, plant efficiencies, and a $3.4 million after-tax bond accretion adjustment, while the company said cocoa costs and tariffs continue to pressure its margins.
Third quarter net sales were $230,614,000, up $6,723,000 or 3% from $223,891,000 in third quarter 2024.
Third quarter net earnings were $35,659,000 and EPS was $0.49, compared with $32,844,000 and $0.45 a year earlier.
Nine-month net earnings were $71,261,000 and EPS was $0.98, compared with $64,318,000 and $0.87 in nine months 2024.
The company expects higher cocoa and chocolate costs to continue in fourth quarter 2025 and into 2026.
Tootsie Roll reported second-quarter 2025 net sales of $153.2 million, up 3% from a year earlier, and net earnings of $17.5 million, or $0.24 per share, compared with $0.21 in the prior-year quarter. Management said cocoa and chocolate costs are expected to stay higher through the balance of 2025 and into 2026, and that these costs will weigh more heavily on second-half gross margins.
Q2 2025 net sales were $153,190,000, up $4,371,000 (3%) from $148,819,000 in Q2 2024.
Q2 2025 net earnings were $17,544,000 ($0.24 per share), up from $15,640,000 ($0.21 per share) in Q2 2024.
First-half 2025 net sales were $299,711,000, down $572,000 from $300,283,000; first-half EPS was $0.49 versus $0.43.
Management expects higher cocoa and chocolate costs in the rest of 2025 and into 2026 as older supply contracts expire, and the LIFO accounting method will increase their adverse effect on second-half margins.
Tootsie Roll Industries appointed Karen Gordon Mills as President and a director on June 2, 2025, with a base salary of $999,000. The Board also adopted amended and restated Bylaws that took effect immediately, changing shareholder nomination notice rules, meeting procedures, and the choice of forum for certain legal actions.
Mills, age 71, is a former U.S. Small Business Administration Administrator (2008 to 2013) and a Senior Fellow at Harvard Business School, and serves on the board for a term ending at the 2026 Annual Meeting
Mills is the daughter of Chairman and CEO Ellen Gordon, who remains in those roles, and the mother of COO Henry Gordon Mills
Shareholder notice window for proposals and director nominations is now 90 to 120 days before the anniversary of the prior year's meeting, and the forum for certain legal actions is set in Virginia
Tootsie Roll Industries reported first quarter 2025 net sales of $146.5 million, down 3% from $151.5 million a year earlier, while net earnings rose to $18.1 million and earnings per share rose to $0.25 from $0.22. Management said customers are more resistant to higher prices and expects higher cocoa and chocolate costs for the rest of 2025 and into 2026, which will increasingly weigh on gross margins because of the company's LIFO inventory accounting.
Net sales were $146.5 million ($146,521,000) versus $151.5 million ($151,464,000), down $4.9 million or 3%.
Net earnings were $18.1 million ($18,058,000) versus $15.8 million ($15,834,000); EPS was $0.25 versus $0.22, up 14%.
Earnings benefited from higher investment income and an insurance recovery; the effective tax rate was 21.6% versus 21.4%.
Management expects even higher cocoa and chocolate costs during the balance of 2025 and into 2026 as older supply contracts expire.
Tootsie Roll reported fourth-quarter 2024 net sales of $191.4 million, down 2% from a year earlier, and net earnings of $22.5 million, or $0.32 per share, down 22%. The results include an $11.0 million non-cash write-off of deferred tax assets after the Board revoked a prior tax deductibility action, and excluding that charge, net earnings rose 14% to $33.5 million.
Q4 2024 net sales were $191.4 million versus $195.4 million in Q4 2023, a decrease of 2%.
Q4 2024 net earnings were $22.5 million, or $0.32 per share, versus $29.4 million, or $0.41 per share, a decline of 22% per share.
The $11.0 million non-cash deferred tax asset write-off reduced Q4 2024 net earnings; excluding it, net earnings would have been $33.5 million, up 14%.
Full-year 2024 net sales were $715.5 million versus $763.3 million, and net earnings were $86.8 million, or $1.22 per share, versus $1.28 per share in 2023.
Tootsie Roll appointed Michael Adam Chodos, age 66, to its Board of Directors on January 27, placing him on the Audit and Compensation Committees. On January 26, director Barre A. Seibert resigned from the board after 20 years of service. The filing describes routine board changes and does not report any financial results or guidance.
Michael Adam Chodos, age 66, joined the board on January 27 and was appointed to the Audit and Compensation Committees
Chodos previously served as Chief Legal Officer and Corporate Secretary of Medsphere Systems Corporation from June 2020 to September 2023
Barre A. Seibert resigned from the board on January 26 following 20 years of service
Tootsie Roll said its Board revoked a 2018 authorization on December 3, 2024, that had aimed to preserve tax deductions on certain nonqualified deferred compensation plans. As a result, the company expects to write off related deferred tax assets, creating a non-cash tax charge of approximately $11 million to $12 million in fourth quarter 2024. The company does not expect future cash expenditures from the write-off, though it will be unable to deduct certain deferred compensation payments against future taxable income.
Non-cash tax charge expected at approximately $11 million to $12 million in fourth quarter 2024
Board revoked its December 28, 2018 authorization on December 3, 2024
Charge will be reflected in the 2024 annual report on Form 10-K
No future cash expenditures expected from the write-off, other than inability to deduct certain deferred compensation payments
Tootsie Roll reported third-quarter 2024 net sales of $223.9 million, down 10% from a year earlier, and net earnings of $32.8 million, down from $34.4 million. Management blamed customer resistance to higher prices and the timing of sales between the third and fourth quarters, and said rising cocoa and chocolate costs are expected to keep pressuring input costs and margins in the fourth quarter of 2024 and in 2025.
Q3 2024 net sales were $223,891,000 versus $248,336,000 in Q3 2023, a decrease of 10%.
Q3 2024 net earnings per share were $0.46 versus $0.48, a decrease of $0.02 or 4%.
Nine-month 2024 net sales fell 8% to $524,174,000, while nine-month EPS rose 3% to $0.90 from $0.87.
Management expects higher cocoa and chocolate costs to continue weighing on input costs and margins in Q4 2024 and 2025.
Tootsie Roll reported second quarter 2024 net sales of $148.8 million, down 6% from a year earlier, while net earnings rose to $15.6 million and earnings per share rose 10% to $0.22. The company cited customers' resistance to higher prices and customer inventory adjustments for lower sales, and said higher cocoa and chocolate costs are expected to weigh on margins in the second half of 2024 and in 2025.
Q2 2024 net sales were $148,819,000, down $10,018,000 or 6% from $158,837,000 in Q2 2023.
Q2 2024 net earnings were $15,640,000 versus $14,726,000; EPS was $0.22 versus $0.20.
First half 2024 net sales were $300,283,000, down 6%, while first half EPS rose to $0.44 from $0.39.
The company expects higher cocoa and chocolate costs to have adverse effects on input costs and margins in the second half of 2024 and in 2025.
Tootsie Roll reported first quarter 2024 net sales of $151.5 million, down $9.2 million or 6% from a year earlier, while net earnings rose to $15.8 million and earnings per share rose to $0.22 from $0.19. The company said customers resisted higher prices, seasonal sales timing and customer inventory adjustments hurt sales, and it expects rising cocoa and chocolate costs to weigh on input costs and margins in 2024 and 2025.
Net sales were $151,464,000 versus $160,711,000 in Q1 2023, a decrease of $9,247,000 or 6%.
Net earnings were $15,834,000 versus $13,401,000, and EPS was $0.22 versus $0.19, an increase of 16%.
Effective income tax rate was 21.4% versus 23.8% a year earlier, with lower state income taxes a contributing factor.
Management expects cocoa and chocolate cost increases to have adverse effects on input costs and margins in 2024 and 2025.
Tootsie Roll reported fourth-quarter 2023 net sales of $195.4 million, up 4% from a year earlier, and net earnings of $29.4 million, with earnings per share of $0.42 versus $0.36. For the full year, net sales rose 12% to $763.3 million and earnings per share were $1.32 versus $1.07. Management said significantly higher input costs offset much of the benefit of the higher sales, and that margins have not yet returned to historical levels.
Q4 2023 net sales were $195,368,000 versus $188,180,000 in Q4 2022, an increase of 4%.
Q4 2023 net earnings were $29,403,000 versus $25,344,000; EPS was $0.42 versus $0.36, up 17%.
Full-year 2023 net sales were $763,252,000, up 12%; net earnings were $91,912,000 and EPS was $1.32 versus $1.07.
Management said higher ingredient, packaging and labor costs offset much of the sales benefit, and gross profit margins have not yet been restored to historical levels.
Tootsie Roll reported third quarter 2023 net sales of $248.3 million, up 17% from $211.9 million a year earlier, and net earnings of $34.4 million, or $0.49 per share, versus $0.37 per share in 2022. Higher sales price realization was the main driver, but management said higher input costs offset much of the benefit and expects timing of pre-Halloween sales to weigh on fourth-quarter 2023 sales and earnings.
Third quarter net sales were $248,336,000 versus $211,888,000 in 2022, an increase of 17%
Third quarter net earnings were $34,382,000, or $0.49 per share, versus $26,577,000, or $0.37 per share, in 2022
Nine-month 2023 net sales were $567,884,000, up 15%, and nine-month net earnings per share were $0.89 versus $0.71
Management expects fourth-quarter 2023 sales and earnings to be adversely affected by sales timing versus fourth quarter 2022, and expects 2024 ingredient and packaging unit costs to be even higher than in 2023
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