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Jun 30, 2022
Tootsie Roll Q2 2022 Earnings Report
Tootsie Roll Industries reported an increase in net sales and net earnings for Q2 2022.
Key Takeaways
Tootsie Roll Industries reported a significant increase in net sales and net earnings for the second quarter of 2022. Net sales increased by 24% to $142,081,000, and net earnings increased by 21% to $11,989,000, with earnings per share rising to $0.17.
Net sales for Q2 2022 increased by 24% compared to Q2 2021, reaching $142,081,000.
Net earnings for Q2 2022 increased by 21% compared to Q2 2021, amounting to $11,989,000.
Earnings per share for Q2 2022 rose to $0.17, a 21% increase from $0.14 in Q2 2021.
Sales growth was driven by increased demand and effective sales and marketing programs, with consumers returning to pre-pandemic activities.