Tootsie Roll Q4 net earnings rise to $29.4 million; sales up 4%
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.
Key points
- 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.
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 February 20, 2024.
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