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Tootsie Roll Fiscal Q2 2021 Earnings Report - CapyFin

Tootsie Roll

🇺🇸 NYSE:TR

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Overview Earnings Dividends Seasonality Metrics

Jul 21, 2021

•

Jun 30, 2021

Tootsie Roll Q2 2021 Earnings Report

Tootsie Roll Industries reported an increase in net sales and net earnings for Q2 2021.

Key Takeaways

Tootsie Roll Industries reported a significant increase in net sales and net earnings for the second quarter of 2021. Net sales increased by 44% to $114,560,000, and net earnings increased by 27% to $9,794,000, with earnings per share rising to $0.14.

Second quarter net sales increased by 44% compared to Q2 2020, reaching $114,560,000.

Net earnings for the second quarter rose to $9,794,000, a 27% increase year-over-year.

Earnings per share increased to $0.14, up from $0.11 in the second quarter of 2020.

Increased costs for ingredients, packaging, freight, and manufacturing supplies adversely affected gross profit margins and net earnings.

Total Revenue

$115M

Previous year: $79.8M