{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-23-012250","form_type":"8-K","ticker":"TR","cik":"0000098677","company_name":"TOOTSIE ROLL INDUSTRIES INC","filed_at":"2023-07-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.126311+00:00","generated_at":"2026-06-13T02:41:58.073173+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Tootsie Roll Q2 net sales up 12% to $158.8M; EPS $0.21 vs $0.17, +24% YoY","bullets":["Q2 net sales $158.8M (+12% YoY); net earnings $14.7M; EPS $0.21 (+24% vs $0.17).","First half net sales $319.5M (+14%); EPS $0.40 vs $0.34 (+18% YoY).","Higher input costs (ingredients, packaging, labor) significantly offset sales gains; margins not restored to historical levels.","Price increases implemented since late 2021 continue; costs expected to rise further in 2024.","Supply chain improved in H1; labor challenges persist; share buybacks reduced share count aiding EPS."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-23-012250","json":"https://secwatch.observer/filing/0001558370-23-012250.json","markdown":"https://secwatch.observer/filing/0001558370-23-012250.md","text":"https://secwatch.observer/filing/0001558370-23-012250.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/98677/000155837023012250/0001558370-23-012250-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/98677/000155837023012250/tr-20230725x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T02:41:58.073173+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0987a50d0a2306a9f7a6c7a3734c43cfbad6e6ed","claim":"TOOTSIE ROLL INDUSTRIES INC reported second quarter ended June 30, 2023 results: revenue $158,837,000, net income $14,726,000, EPS $0.21.","evidence_excerpt":"Second quarter 2023 net sales were $158,837,000 compared to $142,081,000 in second quarter 2022, an increase of $16,756,000 or 12%. Second quarter 2023 net earnings were $14,726,000 compared to $11,989,000 in second quarter 2022, and net earnings per share were $0.21 and $0.17 in second quarter 2023 and 2022, respectively, an increase of $0.04 per share or 24%.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/98677/000155837023012250/0001558370-23-012250-index.htm","confidence":0.98,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter ended June 30, 2023"},{"label":"Revenue","value":"$158,837,000"},{"label":"Net income","value":"$14,726,000"},{"label":"EPS","value":"$0.21"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"b49f208949dbfc352ad7a099c29465eae1ad06e9","claim":"TOOTSIE ROLL INDUSTRIES INC reported first half of 2023 results: revenue $319,548,000, net income $28,127,000, EPS $0.40.","evidence_excerpt":"First half 2023 net sales were $319,548,000 compared to $281,372,000 in first half 2022, an increase of $38,176,000 or 14%. First half 2023 net earnings were $28,127,000 compared to $24,016,000 in first half 2022, and net earnings per share were $0.40 and $0.34 in first half 2023 and 2022, respectively, an increase of $0.06 per share or 18%.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/98677/000155837023012250/0001558370-23-012250-index.htm","confidence":0.98,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first half of 2023"},{"label":"Revenue","value":"$319,548,000"},{"label":"Net income","value":"$28,127,000"},{"label":"EPS","value":"$0.40"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}