Tootsie Roll Q1 sales up 2% to $149.5M; EPS flat at $0.24 as cocoa costs weigh

TOOTSIE ROLL INDUSTRIES INC

Q1 net sales $149.5M, +2% YoY; net earnings $17.7M, down from $18.1M in Q1 2025.
EPS unchanged at $0.24 in both quarters.
Gross margin pressured by significantly higher cocoa and chocolate unit costs vs prior year.
Effective tax rate rose to 25.1% from 21.6%, reducing net earnings.
International results and increased trade promotions also hurt Q1 profitability.

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