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Tootsie Roll Industries, Inc.NYSE:TR Stock Report

Market Cap US$2.9b
Share Price
n/a
1Y5.4%
7D1.7%
1D2.5%
Portfolio Value
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Tootsie Roll Industries, Inc.

NYSE:TR Stock Report

Market Cap: US$2.9b

Tootsie Roll Industries (TR) Stock Overview

Manufactures and sells confectionery products in the United States, Canada, Mexico, and internationally. More details

TR fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends4/6

Rewards

Earnings grew by 5% over the past year

Risk Analysis

No risks detected for TR from our risk checks.

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Tootsie Roll Industries, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Tootsie Roll Industries
Historical stock prices
Current Share PriceUS$40.53
52 Week HighUS$45.06
52 Week LowUS$33.43
Beta0.41
1 Month Change6.60%
3 Month Change0.42%
1 Year Change5.45%
3 Year Change34.78%
5 Year Change41.01%
Change since IPO4,726.40%

Recent News & Updates

Analysis Article • Jun 17

Tootsie Roll Industries (TR) Stock Could Be 21% Undervalued After Mr. Owl Campaign Launch

Marketing refresh puts Mr. Owl and flavor variety in focus Tootsie Roll Industries (TR) has launched a new Mr. Owl TV and digital campaign featuring a color changing chameleon. The campaign spotlights the broader range of Tootsie Roll flavors and extends the character’s role across social platforms. See our latest analysis for Tootsie Roll Industries. The new Mr. Owl campaign arrives after a softer patch for the Tootsie Roll Industries share price, which is down 10.65% over the past 30 days...

Recent updates

Analysis Article • Jun 17

Tootsie Roll Industries (TR) Stock Could Be 21% Undervalued After Mr. Owl Campaign Launch

Marketing refresh puts Mr. Owl and flavor variety in focus Tootsie Roll Industries (TR) has launched a new Mr. Owl TV and digital campaign featuring a color changing chameleon. The campaign spotlights the broader range of Tootsie Roll flavors and extends the character’s role across social platforms. See our latest analysis for Tootsie Roll Industries. The new Mr. Owl campaign arrives after a softer patch for the Tootsie Roll Industries share price, which is down 10.65% over the past 30 days...
Seeking Alpha • May 03

Tootsie Roll Industries: Not Interesting At Lindt's Valuation

Summary Tootsie Roll Industries trades at a full valuation near 20x EV/EBITDA, lacking growth drivers or meaningful brand expansion. Falling cocoa prices could deliver a 12% net income boost by late 2026, but sales growth remains limited and volume trends are negative. TR's portfolio is narrow, with little R&D, no significant M&A, and minimal investor communication, relying almost entirely on legacy brands. Superior alternatives exist in confectionery, such as Lindt and Orkla, offering better growth, reinvestment, and Orkla offers a much better FCFY than TR. Read the full article on Seeking Alpha
Analysis Article • Jan 10

Calculating The Fair Value Of Tootsie Roll Industries, Inc. (NYSE:TR)

Key Insights Using the 2 Stage Free Cash Flow to Equity, Tootsie Roll Industries fair value estimate is US$37.26 With...
Analysis Article • Dec 13

Tootsie Roll Industries (NYSE:TR) Has Announced A Dividend Of $0.09

Tootsie Roll Industries, Inc.'s ( NYSE:TR ) investors are due to receive a payment of $0.09 per share on 8th of...
Analysis Article • Dec 02

Is Tootsie Roll Industries (NYSE:TR) A Risky Investment?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • Oct 06

A Look At The Intrinsic Value Of Tootsie Roll Industries, Inc. (NYSE:TR)

Key Insights Tootsie Roll Industries' estimated fair value is US$52.13 based on 2 Stage Free Cash Flow to Equity...
Analysis Article • Sep 21

Tootsie Roll Industries (NYSE:TR) Will Pay A Dividend Of $0.09

Tootsie Roll Industries, Inc. ( NYSE:TR ) will pay a dividend of $0.09 on the 16th of October. The dividend yield is...
Analysis Article • Sep 09

Tootsie Roll Industries, Inc.'s (NYSE:TR) Shares May Have Run Too Fast Too Soon

With a price-to-earnings (or "P/E") ratio of 33x Tootsie Roll Industries, Inc. ( NYSE:TR ) may be sending very bearish...
Analysis Article • Jul 10

Tootsie Roll Industries' (NYSE:TR) Returns Have Hit A Wall

There are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...
Analysis Article • Jun 24

Tootsie Roll Industries (NYSE:TR) Seems To Use Debt Quite Sensibly

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • May 20

Calculating The Intrinsic Value Of Tootsie Roll Industries, Inc. (NYSE:TR)

Key Insights Tootsie Roll Industries' estimated fair value is US$37.49 based on 2 Stage Free Cash Flow to Equity...
Analysis Article • Apr 07

Returns Are Gaining Momentum At Tootsie Roll Industries (NYSE:TR)

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...
Seeking Alpha • Mar 28

Tootsie Roll Industries: Sweet And Sour

Summary Tootsie Roll Industries has seen mixed financial performance, with revenue dropping but margins improving due to cost-cutting and higher pricing. Despite cheaper valuations, Tootsie Roll remains relatively pricey compared to peers, justifying a 'hold' rating. The company's net cash position and book value per share have grown, providing liquidity to weather current challenges. Long-term prospects are positive, but near-term uncertainty and relative valuation keep me from upgrading the stock to 'buy'. Read the full article on Seeking Alpha
Analysis Article • Mar 17

Tootsie Roll Industries, Inc. (NYSE:TR) Investors Are Less Pessimistic Than Expected

Tootsie Roll Industries, Inc.'s ( NYSE:TR ) price-to-earnings (or "P/E") ratio of 26.1x might make it look like a...
Analysis Article • Feb 23

Tootsie Roll Industries (NYSE:TR) Has Announced A Dividend Of $0.09

The board of Tootsie Roll Industries, Inc. ( NYSE:TR ) has announced that it will pay a dividend of $0.09 per share on...
Analysis Article • Jan 28

Tootsie Roll Industries (NYSE:TR) Seems To Use Debt Quite Sensibly

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Jan 07

Investors Will Want Tootsie Roll Industries' (NYSE:TR) Growth In ROCE To Persist

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article • Nov 25

Why We're Not Concerned About Tootsie Roll Industries, Inc.'s (NYSE:TR) Share Price

When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") below 19x, you may...
Seeking Alpha • Nov 23

Tootsie Roll: Cocoa Prices Continue Pressuring Earnings

Summary Tootsie Roll's revenue declines have sharpened, with consumers resisting higher pricing. The pricing changes have protected margins at the cost of sales. Cocoa prices remain elevated, weakening Tootsie Roll's short- to midterm outlook further. The TR stock remains overvalued, and I estimate 23% downside to a fair value of $25.09. Read the full article on Seeking Alpha
Analysis Article • Oct 15

We Ran A Stock Scan For Earnings Growth And Tootsie Roll Industries (NYSE:TR) Passed With Ease

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analysis Article • Sep 24

Does Tootsie Roll Industries (NYSE:TR) Have A Healthy Balance Sheet?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Analysis Article • Sep 05

There's Been No Shortage Of Growth Recently For Tootsie Roll Industries' (NYSE:TR) Returns On Capital

What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Seeking Alpha • Sep 01

Tootsie Roll: How Sweet It Is

Summary Tootsie Roll is undervalued with a current P/E ratio of 22.2X, significantly below its historical averages, and a fair value estimate of $40.80. The company has iconic brands, a solid balance sheet with no long-term debt, and performs well during economic downturns. Tootsie Roll offers a 1.21% cash dividend yield and a 3% annual stock dividend, making it attractive for income and dividend growth investors. Despite improved performance since 2020, including record revenue and EPS, the share price has remained flat, presenting a long-term buying opportunity. Read the full article on Seeking Alpha
Analysis Article • Jun 22

Tootsie Roll Industries, Inc. (NYSE:TR) Not Lagging Market On Growth Or Pricing

When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") below 16x, you may...
Seeking Alpha • May 23

Tootsie Roll's Q1 Revenues Turned Sour (Rating Downgrade)

Summary Tootsie Roll Industries reported a revenue decline in Q1 as higher pricing caused resistance from customers amid continued cost inflation. The company anticipates margin pressures to continue in 2024 and 2025 due to higher cocoa prices, causing financial turbulence. In light of a weak growth prior to high inflation, the valuation doesn't seem to provide a good enough cash flow yield as estimated by a DCF model. Read the full article on Seeking Alpha
Analysis Article • Apr 12

We Think Tootsie Roll Industries (NYSE:TR) Can Manage Its Debt With Ease

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Mar 18

Do Tootsie Roll Industries' (NYSE:TR) Earnings Warrant Your Attention?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article • Feb 23

Tootsie Roll Industries (NYSE:TR) Is Experiencing Growth In Returns On Capital

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...
Analysis Article • Dec 25

Tootsie Roll Industries (NYSE:TR) Has A Rock Solid Balance Sheet

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Seeking Alpha • Dec 14

Tootsie Roll: Solid Business But No See's Candy

Summary Tootsie Roll is one of the longest-operating confectionary manufacturers in the United States, having been listed since 1919. Although Tootsie Roll is a solid business in its own right, it is much more capital intensive than Berkshire Hathaway's See's Candy. Tootsie Roll is currently not attractively valued, and its dual-class structure means there's little in terms of catalysts for change. Read the full article on Seeking Alpha
Analysis Article • Dec 06

Do Tootsie Roll Industries' (NYSE:TR) Earnings Warrant Your Attention?

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Seeking Alpha • Dec 01

Tootsie Roll Industries: Cost Inflation Spices Up Growth

Summary Tootsie Roll Industries experienced substantial revenue growth after 2020 as the company increased pricing due to high cost inflation. Despite high cost inflation, TR has maintained a good EBIT margin level through great pricing power and cost control. The company has a very strong balance sheet along the demonstration of very stable operations, making the stock a low-risk option. The stock seems to be priced nearly fairly at the moment, as my DCF model estimates slight undervaluation. Read the full article on Seeking Alpha
Analysis Article • Oct 31

Tootsie Roll Industries' (NYSE:TR) Returns On Capital Are Heading Higher

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...
Analysis Article • Sep 23

Here's Why Tootsie Roll Industries (NYSE:TR) Can Manage Its Debt Responsibly

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Seeking Alpha • Sep 08

Tootsie Roll Industries: Strong Revenue Growth But Margin Pressure Remains

Summary The company's revenue increased by 11.6% YoY, while operating margin reached 9.2%. The ability to pass on higher inflation rates to the end consumer and effective cost control supported both revenue growth and profitability. I would like to change my recommendation to HOLD after the decline in shares and relatively strong financial results. Read the full article on Seeking Alpha
Analysis Article • Aug 30

With EPS Growth And More, Tootsie Roll Industries (NYSE:TR) Makes An Interesting Case

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Analysis Article • Jul 18

Here's What To Make Of Tootsie Roll Industries' (NYSE:TR) Decelerating Rates Of Return

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to...
Seeking Alpha • Jun 29

Tootsie Roll Industries: Don't Expect Rocket-Like Growth, Hold It For The Dividend

Summary Tootsie Roll Industries is a slow-growth company with a high earnings multiple, but it offers a regular cash and stock dividend. Despite operating in a mature industry with larger competitors, Tootsie Roll has a competitive advantage due to the brand strength of its primary offering and its niche market position. Tootsie Roll's strengths make it a potential long-term buy, but at the current price, it is a hold. Read the full article on Seeking Alpha
Analysis Article • Jun 12

These 4 Measures Indicate That Tootsie Roll Industries (NYSE:TR) Is Using Debt Reasonably Well

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Seeking Alpha • May 23

Tootsie Roll Industries: Still Expensive Despite Great Performance

Summary Tootsie Roll Industries has seen a significant upside in recent months due to favorable financial results. The company's shares appear to be lofty, so investors should tread cautiously moving forward. Despite strong financial performance and a solid long-term outlook, Tootsie Roll Industries stock's premium seems too high at the moment, causing me to maintain a "hold" rating. Read the full article on Seeking Alpha
Analysis Article • May 23

Is Now The Time To Put Tootsie Roll Industries (NYSE:TR) On Your Watchlist?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article • Apr 11

Returns Are Gaining Momentum At Tootsie Roll Industries (NYSE:TR)

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Ideally, a business will...
Analysis Article • Feb 22

Tootsie Roll Industries (NYSE:TR) Could Easily Take On More Debt

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Feb 04

Does Tootsie Roll Industries (NYSE:TR) Deserve A Spot On Your Watchlist?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Seeking Alpha • Jan 30

Tootsie Roll Industries: Still Strong Trends But No Upside Potential

Summary Tootsie Roll Industries, Inc. continues to show revenue growth. The business is able to effectively control costs and maintain profitability at a stable level. According to my DCF model, the market takes full account of future cash flows, and as a result, there is no fundamental upside potential for Tootsie Roll Industries, Inc. Introduction Stocks of Tootsie Roll Industries, Inc. (TR) have risen 1.5% YTD. While I like the company and its operational and financial performance, in my personal opinion, now is not the best time to buy stocks. Despite the fact that the company's shares are an excellent hedge against rising inflation and macro policy uncertainties, I believe that the shares continue to trade above their fair level, with all positive future cash flows already priced in. Projections In November, the company published financial results for the 3rd quarter of 2022. Revenue growth: I believe the company will continue its Q4 recovery at 25%, then I forecast double-digit revenue growth of 15% until 2026. Gross profit margin: in my forecasts, I predict a stable gross margin at 34.5% for the 4th quarter of 2022 and for 2023 due to continued inflation growth. Next, I predict a slight improvement to 34.5% through 2026. It should be understood that most of the costs are fixed, so continued growth in volumes will not improve the gross margin, where the main driver, of course, is the dynamics of inflation. SGA: I forecast SGA spending at 22% in Q4 2022 and at 19% through 2026. I think that the company is able to effectively control operating costs by operating in a stable and conservative market, where management has the ability to predict sales. I believe that the level will remain stable, because the company is able to increase sales and pass on the increase in inflation to the end consumer. Also, in my personal opinion, freight and delivery prices should normalize in the next periods. Quarterly projections: Company's information Yearly projections: Personal calculations Valuation To value a company, I prefer to use the discounted cash flow ("DCF") model and calculate multiples based on my personal sales and net income projections. I prefer the DCF model because: 1. The company operates in a stable and conservative segment, where it is easier to make forecasts and assumptions about future cash flows 2. The company has a long public history on which I can model future trends. 3. Management regularly publishes reporting, guidance and its own view of future periods, on the basis of which I can make more accurate assumptions. In my calculations, I use the following data: WACC: 8.7% Terminal growth rate: 3%. Personal calculations In addition, I calculated P/E and P/S multiples based on my Sales and Net income forecasts. You can see the calculation results in the table below. Personal calculations Drivers Macro: decrease in macro and geopolitical tensions may help reduce supply chain risks, which is a positive factor for the company's revenue dynamics and profitability. In addition, the recovery in real income and consumer confidence are also positive drivers for the business' top line growth. Margin: macro normalization and lower inflation could support business operating margins Risks Macro: the growth of macro and geopolitical tensions may be a negative factor for the dynamics of the company's revenue in view of the growth of supply chain risks and the decrease in consumer confidence of the population.
Analysis Article • Dec 30

Returns At Tootsie Roll Industries (NYSE:TR) Appear To Be Weighed Down

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article • Nov 17

Is Tootsie Roll Industries (NYSE:TR) A Risky Investment?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Seeking Alpha • Nov 14

Tootsie Roll: Improved Results But Stock Priced For Indigestion

Summary Tootsie Roll has seen a significant jump in revenue and profitability thus far in 2022. Despite stock market malaise, shares are up 15% year-to-date. Tootsie Roll has benefited from a return of normal Halloween demand and increased pricing to offset inflationary pressure. While current results are strong, over the past 20 years, Tootsie Roll has seen minimal increases in profitability. The operating improvement is more than priced into Tootsie Roll shares which trade at 40x earnings. Shares of Tootsie Roll (TR) have significantly outperformed the broader market thus far in 2022 with shares up more than 15% year-to-date. The company has seen a sharp increase in revenue and operating profit as the pandemic has waned and consumers have stocked up on Halloween candy. While the return of trick-or-treaters has been a boon for Tootsie Roll in 2022, the long-term outlook is for slow growth in revenue and operating profit. Despite an unexciting fundamental outlook, shares trade at more than 25x operating profit suggesting disappointing future returns. Overview Tootsie Roll has a stable of iconic brands - in addition to Tootsie it owns Charms/Blowpops, Dots, Junior Mints, Charleston Chew, Sugar Daddy, and Dubble Bubble. The company is controlled by the Gordon family who own over 50% of shares outstanding. While the confectionary industry has seen consolidation over the past couple of decades, there is no indication that Tootsie Roll will be sold. Current Results While the confectionary business is generally a very stable business (over the past decade Tootsie Roll has seen revenues increase or decrease less than 4% per year), Tootsie Roll suffered during the pandemic as social distancing protocols led to a decline in trick-or-treating. This caused a 10% decline in revenue in 2020. Revenue rebounded 21% in 2021 and has seen a further increase in 2022. While 2021's bounce-back was largely due to the return of normal consumer behavior, 2022 has seen a benefit from increased pricing as it has passed inflationary pressure on to customers. 9 month results (Tootsie Roll 3Q Earnings release) Historical Performance While current results have been strong, Tootsie Roll actually saw revenue decline between 2012 to 2019 (last 'normal' year before pandemic impact). This is partially due to the low growth nature of the business as consumption of sugary sweets is growing below GDP in most developed markets as consumers eschew sugar in favor of healthy snacks However, Tootsie Roll's declining sales are in contrast to peers like Hershey's (HSY) which grew revenue 2.6% annually during the period. Tootsie Roll appears to have lost market share over the past decade as it has been slow to introduce new products to market. In fact, going all the way back to 1999, Tootsie Roll's operating profit has been basically flat with expected 2022 results. Valuation & Conclusion As we sit today, Tootsie Roll trades at just over 25x 2022 expected operating profit and has a P/E ratio of about 40x. Despite having a long-history of zero growth in operating profit, Tootsie Roll trades at a significant premium to the overall stock market which trades at 16-17x earnings.
Seeking Alpha • Nov 01

Tootsie Roll drops as Spruce Point says its short again post Halloween

Tootsie Roll (NYSE:TR) neared session lows, down 2.5%, at least party after well known short Spruce Point Capital said it was short the candy maker again. "Halloween season is over + the $700m valuation increase non-sensical," Spruce Point tweeted. "The qtr eps wasn't even a record creating $700m of mkt value?" Spruce Point first published a short report on Tootsie Roll (TR) in October 2017. Tootsie Roll short interest is 8.5%. Tootsie Roll (TR) has a market cap of $2.8 billion.
Analysis Article • Oct 30

Here's Why We Think Tootsie Roll Industries (NYSE:TR) Is Well Worth Watching

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article • Sep 20

Tootsie Roll Industries (NYSE:TR) Has More To Do To Multiply In Value Going Forward

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we'll...
Seeking Alpha • Aug 30

Tootsie Roll Industries: A Great Company With Limited Upside

Summary Tootsie Roll Industries has fared well recently from a fundamental perspective in most respects. Long-term, the company will likely continue to do well, and its share price recently has reflected that sentiment. Even so, the stock does look to offer limited upside, given how pricey shares are today. Very few companies in the world are as iconic as Tootsie Roll Industries (TR). This candy company, which has been around since 1896, is a sizable player in the confectionery market with a market capitalization of $2.5 billion as of this writing. Recently, financial performance achieved by the company has been promising considering how developed the enterprise is, and that management has not really prioritized growth as of late. Long term, the company's prospects are certainly positive. But this does not mean that investors should consider this an attractive opportunity to buy into. Although the company's shares have outperformed the market over the past few months, those shares are trading at levels that should be considered quite lofty. As such, I've decided to retain my ‘hold’ rating on the business for now. Attractive fundamental performance Back in early May of this year, I wrote an article digging into the question of whether Tootsie Roll Industries made sense for investors to invest in. At that time, I reiterated that the company made for a good defensive play for long-term investors. This was because of its sturdy fundamentals and attractive cash flows. The company had also gotten cheaper at that point from a fundamental perspective. But in my opinion, shares were not yet cheap enough to warrant meaningful upside potential for shareholders. And because of that, I ended up keeping my rating on the business a ‘hold’, reflecting my belief that shares would likely perform more or less along the lines of what the broader market would for the foreseeable future. Since then, strong performance, particularly on the top line, has helped shares rise by 7.4%. That compares to the 3% decline experienced by the S&P 500. Author - SEC EDGAR Data Given this return disparity, I would say that my ‘hold’ call has so far proven to be overly pessimistic. However, it's also important to note that fundamentals can and do change, sometimes for the better and other times for the worse. In this case, strong sales growth seems to have pushed shares higher. To see what I mean, we need only look at financial performance covering the second quarter of the company's 2022 fiscal year. This is the only quarter for which data was not available when I last wrote about the firm but is available now. Sales for that quarter came in strong at $143.4 million. That represents an increase of 24.2% over the $115.5 million generated in the second quarter of 2021. During that quarter, net product sales growth totaled 24%, With strong demand generated by effective sales and marketing programs pushing the company's revenue higher. Management attributed this growth, in part, to consumers returning to more activities and lifestyles that they experienced prior to the COVID-19 pandemic, leading them to be in situations where they were more exposed to the company's products. However, another contributor involved a change in the timing of sales that was rescheduled from the preceding periods due to some supply chain and manufacturing delays the company had experienced. This increase in revenue helped to maintain the company’s year-to-date results, with revenue of $284.1 million for the first half of the year, beating out the $218.7 million generated the same time last year by 29.9%. Author - SEC EDGAR Data With revenue rising, profitability followed suit. Net income in the second quarter of the year came in at $12 million. That's 22.4% higher than the $9.8 million generated one year earlier. Although this is a nice increase in profitability, it is also true that profits rose at a slower pace than revenue did. Management attributed this to significantly higher input costs, with product costs of goods sold climbing from 66.3% of product sales to 67.1%. This was more than offset, thankfully, by a reduction in selling, marketing, and administrative costs from 28% of total revenue to 14.4%. For the first half of the year as a whole, profitability totaled $24 million. That represents an increase of 16.5% over the $20.6 million generated the same time one year earlier. There are, of course, other profitability metrics that we should pay attention to. Operating cash flow, for instance, fell from negative $4.5 million in the second quarter of 2021 to negative $16.2 million the same time this year. Though if we adjust for changes in working capital, this metric would have risen slightly from $15.3 million to $17.2 million. And over that same window of time, EBITDA for the business also improved, rising from $16.9 million to $19.7 million. These same trends can be seen by looking at the year-to-date results as well, with operating cash flow falling from $10.8 million to $0.7 million, while the adjusted figure for this rose from $31.3 million to $35 million. Meanwhile, EBITDA increased slightly from $35.1 million to $39.6 million.

Shareholder Returns

TRUS FoodUS Market
7D1.7%-0.7%0.09%
1Y5.4%-3.4%19.0%

Return vs Industry: TR exceeded the US Food industry which returned -3.4% over the past year.

Return vs Market: TR underperformed the US Market which returned 19% over the past year.

Price Volatility

Is TR's price volatile compared to industry and market?
TR volatility
TR Average Weekly Movement4.3%
Food Industry Average Movement5.5%
Market Average Movement7.2%
10% most volatile stocks in US Market16.3%
10% least volatile stocks in US Market3.1%

Stable Share Price: TR has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: TR's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18962,100Ellen Gordonwww.tootsie.com

Tootsie Roll Industries, Inc., together with its subsidiaries, manufactures and sells confectionery products in the United States, Canada, Mexico, and internationally. The company sells its products under the Tootsie Roll, Tootsie Fruit Roll, Tootsie Pops, Tootsie Mini Pops, Child’s Play, Caramel Apple Pops, Charms, Blow-Pop, Charms Mini Pops, Cella’s, Dots, Junior Mints, Charleston Chew, Sugar Daddy, Sugar Babies, Andes, Fluffy Stuff, Dubble Bubble, Razzles, Cry Baby, Nik-L-Nip, And Tutsi Pop trademarks. It sells its products directly to wholesale distributors of candy, food and groceries, supermarkets, variety stores, dollar stores, chain grocers, drug chains, discount chains, cooperative grocery associations, mass merchandisers, warehouse and membership club stores, vending machine operators, e-commerce merchants, on-line marketplaces, the U.S. military and fund-raising charitable organizations, as well as through food and grocery brokers.

Tootsie Roll Industries, Inc. Fundamentals Summary

How do Tootsie Roll Industries's earnings and revenue compare to its market cap?
TR fundamental statistics
Market capUS$2.95b
Earnings (TTM)US$95.46m
Revenue (TTM)US$734.74m
31.8x
P/E Ratio
4.1x
P/S Ratio

Is TR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TR income statement (TTM)
RevenueUS$734.74m
Cost of RevenueUS$481.31m
Gross ProfitUS$253.43m
Other ExpensesUS$157.98m
EarningsUS$95.46m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)1.27
Gross Margin34.49%
Net Profit Margin12.99%
Debt/Equity Ratio0.9%

How did TR perform over the long term?

See historical performance and comparison

Dividends

0.9%
Current Dividend Yield
27%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/12 22:44
End of Day Share Price 2026/08/12 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Industry and Sector Metrics

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Analyst Sources

Tootsie Roll Industries, Inc. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.