Tootsie Roll Q3 sales fall 10% to $223.9 million; EPS $0.46 vs. $0.48 a year earlier
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.
Key points
- 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.
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 October 24, 2024.
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.