earnings
confidence high
sentiment positive
materiality 0.60
Tootsie Roll Q2 EPS $0.24 vs $0.21; revenue up 3% to $153M; warns of higher cocoa costs
TOOTSIE ROLL INDUSTRIES INC
- Q2 net sales $153.19M (+3% YoY); net earnings $17.54M, EPS $0.24 (+14% vs $0.21).
- First half net sales $299.71M (-0.2% YoY); net earnings $35.60M, EPS $0.49 (+14% vs $0.43).
- Management expects higher cocoa/chocolate costs in H2 2025 and 2026 as supply contracts expire.
- Effective tax rate rose to 33.1% in Q2 (vs 23.1%) due to non-deductible deferred compensation.
- Stock buybacks over prior 12 months reduced shares outstanding, boosting EPS.
item 2.02item 9.01