---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-016791"
form_type: "8-K"
ticker: "TR"
cik: "0000098677"
company_name: "TOOTSIE ROLL INDUSTRIES INC"
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T09:34:11.707965+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Tootsie Roll Q3 net sales up 17% to $248.3M; EPS rises to $0.49 from $0.37

## Summary
- Q3 net sales $248.3M (+17% YoY); net earnings $34.4M (+29%); EPS $0.49 vs $0.37.
- Nine-month net sales $567.9M (+15%); net earnings $62.5M (+23.6%); EPS $0.89 vs $0.71.
- Higher input costs for ingredients/packaging partially offset sales gains; price increases phased in.
- Earlier pre-Halloween timing expected to adversely affect Q4 2023 sales and earnings vs Q4 2022.
- Share repurchases reduced shares outstanding, providing EPS benefit.

## SEC filing metadata
- accession: 0001558370-23-016791
- form_type: 8-K
- ticker: TR
- cik: 0000098677
- company_name: TOOTSIE ROLL INDUSTRIES INC
- filed_at: 2023-10-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/98677/000155837023016791/0001558370-23-016791-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/98677/000155837023016791/tr-20231025x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-016791
- JSON: https://secwatch.observer/filing/0001558370-23-016791.json
- Plain text: https://secwatch.observer/filing/0001558370-23-016791.txt

## Key facts
- Earnings Releases
  TOOTSIE ROLL INDUSTRIES INC reported nine months ended September 30, 2023 results: revenue $567,884,000, net income $62,509,000, EPS $0.89.
  - Period: nine months ended September 30, 2023
  - Revenue: $567,884,000
  - Net income: $62,509,000
  - EPS: $0.89
  - Result: reported results
  source text: Nine months 2023 net sales were $567,884,000 compared to $493,260,000 in nine months 2022, an increase of $74,624,000 or 15%. Nine months 2023 net earnings were $62,509,000 compared to $50,593,000 in nine months 2022, and net earnings per share were $0.89 and $0.71 in nine months 2023 and 2022, respectively, an increase of $0.18 per share or 25%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/98677/000155837023016791/0001558370-23-016791-index.htm
- Earnings Releases
  TOOTSIE ROLL INDUSTRIES INC reported the third quarter ended September 30, 2023 results: revenue $248,336,000, net income $34,382,000, EPS $0.49.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $248,336,000
  - Net income: $34,382,000
  - EPS: $0.49
  - Result: reported results
  source text: Third quarter 2023 net sales were $248,336,000 compared to $211,888,000 in third quarter 2022, an increase of $36,448,000 or 17%. Third quarter 2023 net earnings were $34,382,000 compared to $26,577,000 in third quarter 2022, and net earnings per share were $0.49 and $0.37 in third quarter 2023 and 2022, respectively, an increase of $0.12 per share or 32%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/98677/000155837023016791/0001558370-23-016791-index.htm

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