Tootsie Roll Q3 net earnings fall 35% to $23.2M, EPS $0.31; sales dip 1% to $227.2M

TOOTSIE ROLL INDUSTRIES INC

Q3 2026 net sales $227.2M vs $230.6M a year ago, down $3.5M or 1%; net earnings $23.2M vs $35.7M and EPS $0.31 vs $0.48, down $0.17 or 35%.
Nine months 2026 net sales $528.6M vs $530.3M; net earnings $54.2M vs $71.3M, EPS $0.72 vs $0.95, down $0.23 or 24%.
Chairman Ellen R. Gordon cites timing of sales including Halloween seasonal sales shifting between Q3 and Q4, plus higher trade promotions that reduce reported net sales.
Margins hurt by higher ingredient costs (mainly cocoa and chocolate), resin-based packaging tied to energy costs, and elevated freight expected to persist through Q4 2026 into 2027.
Acquired Mexico-based Winis confectionery brand on Sept 1, 2026 to complement Tutsi; immaterial to results but added ~$1.3M Q3 and $2.5M nine-month acquisition expense.

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