earnings
confidence high
sentiment neutral
materiality 0.60
Tootsie Roll Q4 net sales +30% YoY to $166.6M; EPS $0.30 vs $0.22
TOOTSIE ROLL INDUSTRIES INC
- Q4 2021 net sales $166.6M (+30% YoY); net earnings $20.0M, EPS $0.30 (up 36%).
- FY 2021 net sales $566.0M (+21% YoY); net earnings $65.3M, EPS $0.97 (up 13%).
- Price increases started Q4 2021 and more announced for H1 2022 to offset higher input costs.
- Expect continued cost inflation in 2022; margins may not fully recover to historical norms.