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Stock impact report

Will Tootsie Roll Sales Be Sweet in Q3? [The Motley Fool]

Tootsie Roll Industries, Inc. (TR) 
US:NYSE Investor Relations: tootsie.com/financials
Company Research Source: The Motley Fool
Will Tootsie Roll Sales Be Sweet in Q3? Tootsie Roll Industries ( NYSE:TR Few companies that have been around for years, have raised their dividend Let's see if we can't suss out what investors might expect to see from the candy maker. Image source: Tootsie Roll Industries. Slow erosion As consumers' concerns over health have led to changes in snacking behavior, Tootsie Roll sales have slowly but steadily declined. Annual sales of $ million in 08 are % lower than they were five years ago, and profits are 0% lower, though they have fluctuated sharply from year to year. In the second quarter, Tootsie Roll sales were up less than % to $0 million, but net earnings rose % to $0.8 per share. Domestic sales rose % year over year, while international sales declined, hurt by a stronger dollar and sales timing issues. Overall, though, the gains made and the profits generated were due to price hikes Tootsie Roll took at the beginning of the year to offset higher input costs. Beyond its namesake Show less Read more
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