Tootsie Roll Q2 net sales surge 44% to $114.6M; EPS rises to $0.14 from $0.11

TOOTSIE ROLL INDUSTRIES INC

Q2 2021 net sales $114.6M (+44% YoY); net earnings $9.8M, EPS $0.14 (+27%).
First half 2021 net sales $216.4M (+18% YoY); EPS $0.30 vs $0.28.
Q2 2021 sales exceeded pre-pandemic Q2 2019 by 8%.
Rising costs for ingredients, packaging, freight pressuring margins; price increases being phased in during H2 2021.
After-tax foreign exchange losses of $176k in H1 2021 vs prior-year gains of $1.22M.

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