---
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"
generated_at: "2026-06-13T02:41:58.073173+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Tootsie Roll Q2 net sales up 12% to $158.8M; EPS $0.21 vs $0.17, +24% YoY

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-012250
- JSON: https://secwatch.observer/filing/0001558370-23-012250.json
- Plain text: https://secwatch.observer/filing/0001558370-23-012250.txt

## Key facts
- Earnings Releases
  TOOTSIE ROLL INDUSTRIES INC reported second quarter ended June 30, 2023 results: revenue $158,837,000, net income $14,726,000, EPS $0.21.
  - Period: second quarter ended June 30, 2023
  - Revenue: $158,837,000
  - Net income: $14,726,000
  - EPS: $0.21
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/98677/000155837023012250/0001558370-23-012250-index.htm
- Earnings Releases
  TOOTSIE ROLL INDUSTRIES INC reported first half of 2023 results: revenue $319,548,000, net income $28,127,000, EPS $0.40.
  - Period: first half of 2023
  - Revenue: $319,548,000
  - Net income: $28,127,000
  - EPS: $0.40
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/98677/000155837023012250/0001558370-23-012250-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.