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Tootsie Roll Industries inc  (TR)
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Price: $30.2000 $0.07 0.232%
Day's High: $30.55 Week Perf: -0.17 %
Day's Low: $ 30.06 30 Day Perf: -5.12 %
Volume (M): 99 52 Wk High: $ 44.66
Volume (M$): $ 2,978 52 Wk Avg: $33.56
Open: $30.06 52 Wk Low: $29.07



 Market Capitalization (Millions $) 2,103
 Shares Outstanding (Millions) 70
 Employees -
 Revenues (TTM) (Millions $) 769
 Net Income (TTM) (Millions $) 92
 Cash Flow (TTM) (Millions $) 23
 Capital Exp. (TTM) (Millions $) 27

Tootsie Roll Industries Inc

Tootsie Roll Industries, Inc. and its consolidated subsidiaries have been engaged in the manufacture and sale of confectionery products for over 100 years. This is the only industry segment in which the Company operates and is its only line of business. The majority of the Company’s products are sold under the registered trademarks TOOTSIE ROLL, TOOTSIE POPS, CHILD’S PLAY, CARAMEL APPLE POPS, CHARMS, BLOW-POP, CHARMS MINI POPS, CELLA’S, DOTS, JUNIOR MINTS, CHARLESTON CHEW, SUGAR DADDY, SUGAR BABIES, ANDES, FLUFFY STUFF, DUBBLE BUBBLE, RAZZLES, CRY BABY, NIK-L-NIP, and TUTSI POP (Mexico).

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 approximately 30 candy and grocery brokers and by the Company itself to approximately 4,000 customers throughout the United States. These customers include wholesale distributors of candy and groceries, supermarkets, variety stores, dollar stores, chain grocers, drug chains, discount chains, cooperative grocery associations, mass merchandisers, warehouse and membership club stores, vending machine operators, the U.S. military and fund-raising charitable organizations.

The Company’s principal markets are in the United States, Canada and Mexico. The majority of production from the Company’s Canadian plants is sold in the United States. The majority of production from the Company’s Mexican plant is sold in Mexico.

The domestic confectionery business is highly competitive. The Company competes primarily with other manufacturers of confectionery products sold to the above mentioned customers. Although accurate statistics are not available, the Company believes it is among the ten largest domestic manufacturers in this field. In the markets in which the Company competes, the main forms of competition comprise brand recognition, as well as competition for retail shelf space and a fair price for the Company’s products at various retail price points.

The Company has historically hedged certain of its future sugar, corn syrup and soybean oil needs with derivatives at such times that it believes that the forward markets are favorable. The Company’s decision to hedge its major ingredient requirements is dependent on the Company’s evaluation of forward commodity markets and comparison to vendor quotations, if available, and/or historical costs. The Company has historically hedged these major commodities and ingredients with derivatives, primarily commodity futures and option contracts, before the commencement of the next calendar year to better ascertain the need for product pricing changes or product weight decline (indirect price change) adjustments to its product sales portfolio and better manage ingredient costs. The Company will generally purchase forward derivative contracts (i.e., “long” position) in selected future months that correspond to the Company’s estimated procurement and usage needs of the respective commodity in the respective forward periods.

From time to time, the Company also changes the size of certain of its products, which are usually sold at standard prices, in response to significant changes in ingredient and other input costs.

The Company does not hold any material patents, licenses, franchises or concessions. The Company’s major trademarks are registered in the United States and in many other countries. Continued trademark protection is of material importance to the Company’s business as a whole.

Although the Company does research and develops new products and product line extensions for existing brands, it also improves the quality of existing products, improves and modernizes production processes, and develops and implements new technologies to enhance the quality and reduce the costs of products. The Company does not expend material amounts of money on research or development activities.

The manufacture and sale of consumer food products is highly regulated. In the United States, the Company’s activities are subject to regulation by various government agencies, including the Food and Drug Administration, the Department of Agriculture, the Federal Trade Commission, the Department of Commerce and the Environmental Protection Agency, as well as various state and local agencies. Similar agencies also regulate the businesses outside of the United States. The Company maintains quality assurance and other programs to insure that all products the Company manufactures and distributes are safe and of high quality and comply with all applicable laws and regulations.

The Company’s compliance with federal, state and local regulations which have been enacted or adopted regulating the discharge of materials into the environment, or otherwise relating to the protection of the environment, has not had a material effect on the capital expenditures, earnings or competitive position of the Company nor does the Company anticipate any such material effects from presently enacted or adopted regulations.




   Company Address: 7401 South Cicero Avenue Chicago 60629 IL
   Company Phone Number: 838-3400   Stock Exchange / Ticker: NYSE TR
   


Customers Net Income fell by TR's Customers Net Profit Margin fell to

-65.89 %

1.72 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CAG        2.89% 
GIS        4.6% 
K        3.57% 
MDLZ        3.4% 
PPC        0.96% 
TSN        3.15% 
• View Complete Report
   



Tootsie Roll Industries Inc

Toostie Roll Industries Inc Shows Resilience with 4.332% Revenue Growth in Q4 Earnings Report

Tootsie Roll Industries Inc, a well-known food processing company, recently released its financial results for the fiscal period closing December 31, 2023. The company reported an increase in income of 15.99% to $0.42 per share compared to $0.36 per share a year ago. However, profits fell by -14.4% from $0.49 per share from the prior quarter. Despite this, the company saw a slight increase in revenue of 4.332% to $197.94 million from $189.72 million in the corresponding quarter a year ago.
Interestingly, Tootsie Roll Industries Inc was one of the few companies in the food processing sector to post revenue growth, as the rest of the sector experienced a -2.33% decline in business. The company's net earnings also saw a significant increase, rising by 16.04% to $29.395 million from $25.331 million reported in the same period a year ago.
Although the operating margin fell to 14.34%, the company's net margin actually improved to 14.85% in the fiscal period closing December 31, 2023. The company also experienced a decline in inventories to $43.7 million, despite an increase relative to the same period a year ago. Additionally, the level of accounts receivable declined to $55.6 million, leading some analysts to speculate that this could be due to slowing demandLooking further into the company's results for the fiscal period 2023, Tootsie Roll Industries Inc announced revenue of $768.84 million and net profits of $91.89 million. The company explained that income per share increased by 20% to $1.32 per share from $1.10 in the prior fiscal period. Furthermore, revenue advanced by 11.92% from $686.97 million a year ago.
In terms of stock performance, Tootsie Roll Industries Inc shares have seen a decline of -6.04% in the past 3 months and -2.15% over the past 30 days. Currently, the company's shares trade only 11.2% above its 52-week low. These results suggest that while Tootsie Roll Industries Inc has shown growth and improvement in certain areas, there are still challenges and uncertainties facing the company in the current market environment.

Tootsie Roll Industries Inc

Impressive Surge in TR's Top-line Revenue Shows Remarkable Growth in Sept 2023 Financial Interval

/>Tootsie Roll Industries Inc., a prominent player in the food processing industry, recently reported impressive financial results for the most recent fiscal period. The company achieved substantial growth in key metrics such as EPS, revenue, and net income, outshining its industry contemporaries. Additionally, Tootsie Roll Industries Inc. exhibited robust profit margins and made significant improvements in operational efficiency. Despite the company's strong financial performance, its share prices have witnessed a decline in the past week and a significant year-to-date drop.
Heading 1: Strong Fiscal Performance
- Tootsie Roll Industries Inc. witnessed a remarkable advancement in EPS, with a growth rate of 25.64% to $0.49 per share during the most recent fiscal period.
- The company experienced a revenue surge of 16.9% to $249.20 million in comparison to the prior year period, outperforming other corporations in the food processing industry.
- In contrast, the food processing industry had a modest average revenue growth of 5.18%, emphasizing Tootsie Roll Industries Inc.'s impressive performance.

Tootsie Roll Industries Inc

Tootsie Roll Industries Inc Achieves Remarkable 23.53% EPS Growth, Outshines Industry Peers in Food Processing Sector


As a financial observer, I believe it is crucial to analyze and interpret the financial results of a company, such as Tootsie Roll Industries Inc, with precision and insight. The recent fiscal period has been particularly notable for Tootsie Roll, with double-digit revenue and profit growth being the standout highlights.
Tootsie Roll Industries Inc reported impressive revenue figures of $159.61 million, marking an 11.27% increase compared to the same period last year. However, it is worth noting that this revenue has decreased by -1.53% on a quarterly basis. Despite this dip, the company has outperformed its industry peers significantly, as the Food Processing industry reported a mere 4.14% top-line growth during the same period.

Tootsie Roll Industries Inc

Tootsie Roll Industries Inc. Sees Exponential Revenue Growth and Improved Return on Equity in Q1 2023

Investors, rejoice! Tootsie Roll Industries Inc has returned exceptional value in the first quarter of 2023, with a return on equity (ROE) of 9.89%, exceeding the company's average ROE of 8.96%. What's more, the company has improved its ROE compared to the previous quarter despite a fading net income.
While 9 other companies in the Food Processing industry have higher ROEs, Tootsie Roll Industries Inc's overall ranking has surged from 1654 in the fourth quarter of 2022 to 1038 in the current quarter. The company also recorded a double-digit revenue rise of 15.256%, amounting to $162.09 million, leading to earnings gains of 11.76% to $0.19 per share year over year.






 

Tootsie Roll Industries Inc's Segments
 
 
• View Complete Report
  Company Estimates  
  Revenue Outlook
Tootsie Roll Industries Inc does not provide revenue guidance.

Earnings Outlook
Tootsie Roll Industries inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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