Tootsie Roll Industries, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 05, 2022 at 03:01 pm EDT
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Tootsie Roll Industries, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 1.36 million compared to USD 0.898 million a year ago. Revenue was USD 143.44 million compared to USD 115.46 million a year ago. Net income was USD 11.99 million compared to USD 9.79 million a year ago. Basic earnings per share from continuing operations was USD 0.165 compared to USD 0.1359 a year ago.
For the six months, sales was USD 2.71 million compared to USD 2.33 million a year ago. Revenue was USD 284.08 million compared to USD 218.69 million a year ago. Net income was USD 24.02 million compared to USD 20.56 million a year ago. Basic earnings per share from continuing operations was USD 0.3398 compared to USD 0.2816 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. 
