Tootsie Roll Q1 sales rise 2% to $149.5 million; net earnings dip to $17.7 million
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.
Key points
- 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.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:07 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 23, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.