Tootsie Roll Q3 sales up 17% to $183M, cost pressures limit EPS gain to 3%

TOOTSIE ROLL INDUSTRIES INC

Q3 net sales $183.1M, up 17% YoY; net earnings $24.7M, EPS $0.37 vs $0.36 (up 3%).
Nine-month sales $399.4M (+18%), net earnings $45.3M, EPS $0.67 vs $0.64 (+5%).
Higher ingredient, packaging, and freight costs offset sales gains; gross margins declined.
Company implementing price increases in Q4 2021/early 2022; expects cost headwinds to continue through 2022.
LIFO accounting accelerates cost recognition; stock buybacks helped EPS despite margin pressure.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.