Tootsie Roll Q3 sales up 16% to $211.9M; EPS $0.39 vs $0.36

TOOTSIE ROLL INDUSTRIES INC

Q3 net sales $211.9M (+16% YoY), net earnings $26.6M (+8%), EPS $0.39 vs $0.36.
Nine-month net sales $493.3M (+23%), EPS $0.73 vs $0.65 (+12%).
Higher input costs (ingredients, packaging, freight) and supply chain challenges offset sales gains, compressing margins.
Supply chain delays and labor shortages risk temporary production shutdowns; tight ingredient markets drive spot purchases at higher costs.
Price increases phased in from H2 2021 into 2023; management expects margin restoration in 2023 but cautions on persistent inflation.

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