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AI brief of an SEC Form 8-K · Tootsie Roll Industries (TR)

Tootsie Roll Q2 sales fall 6% to $148.8 million, but EPS rises to $0.22

Mixed Impact 3 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanyTootsie Roll Industries (TR)
Form8-K, current report
Filed with the SECJul 25, 2024, 11:00 AM ET
Accession number0001558370-24-010134

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

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 July 25, 2024.

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.