Tootsie Roll Industries Inc reported second-quarter 2026 results with revenue of $151.9M and diluted EPS of $0.18, as net income attributable to the company fell to $13.3M amid higher commodity and packaging costs and increased trade promotion spending.

Financial Highlights

• Revenue was $151.9M for Q2 2026, compared with $153.2M in Q2 2025; YoY change (0.8%).
• Net income was $13.3M attributable to Tootsie Roll for Q2 2026, compared with $17.5M in Q2 2025; YoY change (23.9%).
• Diluted EPS was $0.18 for Q2 2026, compared with $0.23 in Q2 2025; YoY change (21.7%).

Business Highlights

• Revenue trends: Net product sales were relatively flat year-over-year with a slight first-half increase of 0.6%; Q2 declined 0.8% reflecting seasonal timing and higher trade promotions.
• Channel & geographic mix: Domestic sales accounted for roughly 92% of total sales; international exports rose in Q2 but remain a small portion of revenue.
• Cost & margin pressures: Higher cocoa/chocolate, energy-driven packaging costs and elevated customer freight increased cost of goods sold and compressed gross margins.
• Brand & marketing: The company increased trade promotions, advertising and marketing to support long-term brand momentum, which impacted near-term reported sales.
• Operational capacity expansion: A major plant expansion is underway with approximately $18.2M spent to date; the project is expected to total about $75–85M over seven years to expand capacity and efficiency.

Original SEC Filing: TOOTSIE ROLL INDUSTRIES INC [ TR ] - 10-Q - Aug. 07, 2026