Tootsie Roll Industries, Inc.
- Open
- 38.93
- Day high
- 39.26
- Day low
- 37.73
- Prev close
- 39.08
- Volume
- 129K
- Mkt cap
- $2.9B
- P/E (TTM)
- 28.7
- EPS (TTM)
- $1.36
- P/B
- 3.1
- P/S
- 4.0
- Yield
- 0.46%
- Per share
- $0.18
Tootsie Roll Industries, Inc. (TR) is a Consumer Defensive company listed on NYSE. The stock is up 10% over the past year.
Tootsie Roll Industries, Inc. (TR) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
TR earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Oct 22, 2025 | — | $0.49 | — | $233M | — |
| Jul 24, 2025 | — | $0.24 | — | $155M | — |
| Apr 24, 2025 | — | $0.25 | — | $148M | — |
| Feb 12, 2025 | — | $0.31 | — | $193M | — |
| Oct 23, 2024 | — | $0.45 | — | $226M | — |
| Jul 25, 2024 | — | $0.21 | — | $151M | — |
| Feb 16, 2024 | — | $0.40 | — | $201M | — |
| Oct 25, 2023 | — | $0.46 | — | $248M | — |
| Jul 25, 2023 | — | $0.20 | — | $159M | — |
| Feb 14, 2023 | — | $0.34 | — | $188M | — |
| Oct 26, 2022 | — | $0.36 | — | $212M | — |
| Jul 26, 2022 | — | $0.16 | — | $143M | — |
TR insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 24, 2021 | WEINER LEIGH R10 percent owner | Sell | 285,459 | $34.55 |
| Dec 8, 2016 | GORDON ELLEN Rdirector, 10 percent owner, officer: President | Buy | 53,355 | $38.45 |
| Dec 8, 2016 | GORDON ELLEN Rdirector, 10 percent owner, officer: President | Sell | 53,355 | $38.45 |
| Aug 1, 2014 | LEWIS BRENT LANA JANEdirector | Buy | 15,000 | $26.91 |
| May 7, 2013 | LEWIS BRENT LANA JANEdirector | Sell | 14,935 | $30.89 |
| Mar 6, 2013 | GORDON MELVIN Jdirector, 10 percent owner, officer: Chairman | Buy | 131,285 | $27.56 |
| Mar 6, 2013 | GORDON MELVIN Jdirector, 10 percent owner, officer: Chairman | Buy | 89,000 | $27.56 |
| Mar 6, 2013 | GORDON MELVIN Jdirector, 10 percent owner, officer: Chairman | Sell | 220,285 | $27.56 |
| Mar 6, 2013 | GORDON ELLEN Rdirector, 10 percent owner, officer: President | Buy | 131,285 | $27.56 |
| Mar 6, 2013 | GORDON ELLEN Rdirector, 10 percent owner, officer: President | Buy | 89,000 | $27.56 |
| Mar 6, 2013 | GORDON ELLEN Rdirector, 10 percent owner, officer: President | Sell | 220,285 | $27.56 |
| Mar 8, 2012 | LEWIS BRENT LANA JANEdirector | Buy | 72 | $23.86 |
| Mar 8, 2012 | LEWIS BRENT LANA JANEdirector | Buy | 70 | $24.77 |
| Mar 8, 2012 | LEWIS BRENT LANA JANEdirector | Buy | 57 | $29.84 |
| Mar 8, 2012 | LEWIS BRENT LANA JANEdirector | Buy | 21 | $27.98 |
Source: TR SEC Form 4 filings, latest Aug 24, 2021. For informational purposes only — not investment advice.
See the full TR insider & 13F page →Tootsie Roll Industries, Inc. company profile
Overview
Tootsie Roll Industries, Inc. (NYSE:TR) is a Chicago-based confectionery manufacturer founded in 1896 that has become one of America's most enduring candy companies. The company went public in 1980 and has built its business around iconic candy brands that have maintained their popularity across multiple generations. Tootsie Roll operates as a traditional manufacturing company in the consumer defensive sector, producing and distributing candy products primarily throughout North America while maintaining international operations.
Business
Tootsie Roll Industries operates in the confectionery manufacturing industry, producing a diverse portfolio of candy and gum products under well-known brand names. The confectionery industry encompasses companies that manufacture sweet treats including hard candies, chewy candies, chocolate products, gum, and novelty confections that are sold through retail channels to consumers. The company's core business revolves around manufacturing and selling candy products under established brand names including Tootsie Roll (the original chewy chocolate-flavored candy), Tootsie Pops (hard candy lollipops with a chewy center), Dots (gumdrops), Junior Mints (chocolate-covered mint candies), Charleston Chew (nougat bars), Sugar Daddy and Sugar Babies (caramel candies), Andes (chocolate mints), Dubble Bubble (bubble gum), and various other specialty candies. These products range from traditional hard candies and lollipops to chewy confections and chocolate-based treats. The company operates as a single business segment focused on confectionery manufacturing, with virtually all revenue derived from candy sales. Unlike diversified food companies, Tootsie Roll maintains a concentrated focus on the candy market without significant operations in other food categories or unrelated business lines.
Revenue model
Tootsie Roll generates revenue primarily through direct product sales to a diverse network of distributors and retailers. The company sells its manufactured candy products to wholesale distributors, supermarket chains, variety stores, dollar stores, drug store chains, discount retailers, warehouse clubs, vending machine operators, e-commerce merchants, and specialty channels including military commissaries and fundraising organizations. Revenue is generated when these customers purchase inventory for resale to end consumers. The company's business model benefits from several factors that can enhance profitability. Brand recognition and consumer loyalty for established products like Tootsie Roll and Tootsie Pops provide pricing power and reduce marketing costs compared to launching new brands. The company's manufacturing scale allows for operational efficiencies, while its diverse distribution network reduces dependence on any single retail channel. Seasonal demand patterns, particularly around Halloween and other holidays, can boost sales volumes and margins during peak periods. However, several factors can pressure margins and profitability. Commodity price fluctuations for key ingredients like sugar, corn syrup, and cocoa directly impact input costs. Increased competition from both large multinational confectionery companies and smaller specialty candy makers can pressure pricing and market share. Rising labor costs, transportation expenses, and packaging materials affect operational expenses. Additionally, changing consumer preferences toward healthier snacking options and concerns about sugar consumption can impact demand for traditional candy products. Retail consolidation also gives major grocery chains increased negotiating power over pricing and shelf space allocation.
Competitive moat
Tootsie Roll's competitive moat is moderately strong but not insurmountable, built primarily on brand recognition and nostalgic consumer attachment rather than structural advantages. The company's strongest defensive position comes from its portfolio of well-established brand names that have maintained consumer recognition for decades. Products like Tootsie Roll, Tootsie Pops, and Junior Mints benefit from childhood nostalgia and multigenerational brand loyalty that creates some insulation from competitive pressure. The company also benefits from established relationships with distributors and retailers that provide distribution advantages, particularly in traditional channels like convenience stores and vending machines where impulse purchases are common. Manufacturing scale and operational efficiency in producing high-volume, standardized products creates some cost advantages over smaller competitors. However, the moat faces several vulnerabilities. The confectionery industry has relatively low barriers to entry for new products, and consumer taste preferences can shift toward premium, organic, or healthier alternatives. Large multinational companies like Mars, Hershey, and Mondelez have significantly greater resources for marketing, innovation, and retail negotiations. Private label candy products from retailers can compete on price, while artisanal and specialty candy makers can capture consumers seeking unique or premium experiences. The company's reliance on traditional distribution channels may also become a disadvantage as e-commerce and direct-to-consumer sales models gain prominence in the food industry.
Risks & safety
Tootsie Roll demonstrates a strong margin of safety with conservative financial management and minimal financial risk. • Liquidity and Solvency: The company maintains excellent liquidity with $138.8 million in cash and short-term investments as of Q4 2024, representing 12% of total assets. Current ratio of 3.82 and quick ratio of 2.93 indicate strong ability to meet short-term obligations. Debt-to-equity ratio of just 1.7% shows minimal leverage. • Cash Generation: Strong free cash flow generation of $120.9 million in 2024 provides financial flexibility. Operating cash flow of $138.9 million significantly exceeds capital expenditure needs, indicating efficient operations and low capital intensity. • Valuation Metrics: Trading at 26.6x earnings and 15.0x EBITDA suggests moderate valuation levels for a stable consumer staple. Price-to-book ratio of 2.65 reflects reasonable premium to tangible assets. • Other Considerations: Return on equity of 10% demonstrates reasonable profitability, though below historical levels. The company's conservative balance sheet and consistent profitability provide downside protection, though growth prospects appear limited in a mature industry.
Recent development
Based on the available financial data, Tootsie Roll has maintained operational consistency over recent years while navigating industry challenges. The company experienced revenue growth in 2023 to $769.4 million before declining to $723.2 million in 2024, reflecting the cyclical nature of the confectionery business and potential market pressures. The company has maintained strong cash generation capabilities, with free cash flow improving significantly in 2024 to $120.9 million compared to $67.8 million in 2023. This improvement suggests enhanced operational efficiency and working capital management. The substantial increase in cash holdings from $75.9 million at the end of 2023 to $138.8 million by Q4 2024 indicates conservative financial management and preparation for potential opportunities or challenges. Profitability metrics show some variability, with net income declining from $91.9 million in 2023 to $86.8 million in 2024, though the company maintained healthy margins. The company's EBITDA increased from $138.5 million to $145.6 million, suggesting improved operational efficiency despite lower revenue. Without detailed earnings call transcripts, specific strategic initiatives or new product developments are not apparent, but the financial performance indicates a focus on operational optimization and cash preservation during a challenging period for traditional confectionery companies.
TR company profile · for informational purposes only — not investment advice.
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