Tootsie Roll Industries, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 08, 2022 at 11:31 am EST
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Tootsie Roll Industries, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 1.29 million compared to USD 1.08 million a year ago. Revenue was USD 213.17 million compared to USD 184.17 million a year ago. Net income was USD 26.58 million compared to USD 24.73 million a year ago. Basic earnings per share from continuing operations was USD 0.3786 compared to USD 0.3495 a year ago.
For the nine months, sales was USD 3.99 million compared to USD 3.41 million a year ago. Revenue was USD 497.25 million compared to USD 402.85 million a year ago. Net income was USD 50.59 million compared to USD 45.29 million a year ago. Basic earnings per share from continuing operations was USD 0.7087 compared to USD 0.6311 a year ago.
Tootsie Roll Industries, Inc. is engaged in the manufacturing and sale of confectionery products. The Company's products are marketed in a variety of packages designed to be suitable for display and sale in different types of retail outlets. They are sold through food and grocery brokers or directly by the Company itself to customers throughout the United States, Canada and Mexico. These customers include 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, and e-commerce merchants. Its products are sold under the registered trademarks, which include TOOTSIE ROLL, TOOTSIE FRUIT ROLLS, FROOTIES, TOOTSIE POPS, TOOTSIE MINI POPS, CHILDâS PLAY, CARAMEL APPLE POPS, CHARMS, BLOW-POP, CHARMS MINI POPS, CELLAâS, DOTS, SUGAR BABIES, ANDES, FLUFFY STUFF, DUBBLE BUBBLE, RAZZLES, CRY BABY, and TUTSI POP (Mexico).
TOOTSIE ROLL INDUSTRIES, INC. 