---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-010134"
form_type: "8-K"
ticker: "TR"
cik: "0000098677"
company_name: "TOOTSIE ROLL INDUSTRIES INC"
filed_at: "2024-07-25T23:59:59+00:00"
generated_at: "2026-05-31T16:35:58.289014+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Tootsie Roll Q2 net sales fall 6% to $148.8M; EPS up 10% to $0.22

## Summary
- Q2 2024 net sales $148.8M, down 6% YoY; net earnings $15.6M, EPS $0.22 vs $0.20.
- First half 2024 net sales $300.3M, down 6%; net earnings $31.5M, EPS $0.44 vs $0.39.
- Management cites customer resistance to higher prices and inventory adjustments as sales headwinds.
- Gross margins improved from price realization and manufacturing efficiencies; lower volume hurt.
- Cocoa/chocolate costs rising; expected to pressure margins in H2 2024 and 2025.

## SEC filing metadata
- accession: 0001558370-24-010134
- form_type: 8-K
- ticker: TR
- cik: 0000098677
- company_name: TOOTSIE ROLL INDUSTRIES INC
- filed_at: 2024-07-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/98677/000155837024010134/0001558370-24-010134-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/98677/000155837024010134/tr-20240724x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-010134
- JSON: https://secwatch.observer/filing/0001558370-24-010134.json
- Plain text: https://secwatch.observer/filing/0001558370-24-010134.txt

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