Tootsie Roll Q2 EPS falls 22% to $0.18; net sales down 1% on higher cocoa costs

TOOTSIE ROLL INDUSTRIES INC

Q2 net sales $151.9M (-1% YoY); net earnings $13.3M (-24%); EPS $0.18 vs $0.23.
First half net sales $301.4M (+1%); net earnings $31.0M (-13%); EPS $0.41 vs $0.47.
Management cites higher cocoa/chocolate costs, elevated energy costs, and increased trade promotions as headwinds.
Expects lower cocoa costs in second half 2026 and into 2027 as commodity markets retreat.
Effective tax rate decreased to 26.9% in Q2 from 33.1% in prior year.

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