Quarterly ResultAug 7, 2026, 03:09 PM
Tootsie Roll Q2 Net Earnings Down to $13.3M; Operating Loss
AI Summary
Tootsie Roll Industries reported a decline in net earnings for the second quarter and year-to-date periods ended June 30, 2026. Net earnings attributable to the company decreased to $13.3 million for the quarter, resulting in an operating loss of $1.6 million. Year-to-date net earnings also fell to $31.0 million. The company continued its 3% stock dividend and saw a significant decrease in cash and cash equivalents, alongside increased selling, marketing, and administrative expenses.
Key Highlights
- Q2 2026 net earnings attributable to Tootsie Roll Industries, Inc. decreased to $13.3 million from $17.5 million in Q2 2025.
- Q2 2026 earnings from operations resulted in a loss of $1.6 million, down from $12.1 million profit in Q2 2025.
- Year-to-date net earnings attributable to Tootsie Roll Industries, Inc. decreased to $31.0 million from $35.6 million.
- Q2 2026 net product sales were $151.9 million, a slight decrease from $153.2 million in Q2 2025.
- Cash and cash equivalents decreased to $62.1 million at June 30, 2026, from $120.5 million at June 30, 2025.
- Net cash used in operating activities increased to $10.9 million year-to-date 2026, from $4.9 million year-to-date 2025.
- Selling, marketing, and administrative expenses increased to $54.2 million in Q2 2026 from $44.4 million in Q2 2025.
- The company issued a 3% stock dividend for both 2026 and 2025.
Price Impact
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