Tootsie Roll Q3 net earnings rise to $34.4 million as sales climb 17%
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.
Key points
- 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
The filing
Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing 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 October 26, 2023.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.