Tootsie Roll Industries, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 6, 2026, reporting third-quarter net product sales of $227,163 thousand and year-to-date net product sales of $528,594 thousand.

Key Highlights

  • Q3 net product sales: $227,163 thousand for the quarter ended September 30, 2026, compared to $230,614 thousand in the same quarter of 2025.
  • Q3 net earnings: $23,191 thousand for the quarter ended September 30, 2026, compared to $35,647 thousand in the prior-year quarter.
  • Year-to-date earnings from operations: $46,299 thousand for the nine months ended September 30, 2026, down from $67,548 thousand in the same period of 2025.
  • Total assets: $1,279,883 thousand as of September 30, 2026, compared to $1,253,982 thousand at December 31, 2025.
  • Shares outstanding: 42,735,294 shares of Common Stock and 31,992,884 shares of Class B Common Stock as of September 30, 2026.
  • Selling, marketing and administrative expenses: $131,035 thousand year-to-date through September 30, 2026, up from $120,783 thousand in the same period of 2025.

Tootsie Roll Industries Reports Lower Q3 2026 Earnings Amid Rising Costs

According to the filing, Tootsie Roll Industries, Inc. (NYSE:TR) reported total revenue of $229,051 thousand for the quarter ended September 30, 2026, compared to $232,705 thousand in the third quarter of 2025. Net product sales accounted for $227,163 thousand of that total, with rental and royalty revenue contributing $1,888 thousand. For the nine months ended September 30, 2026, total revenue was $534,811 thousand, versus $536,248 thousand in the comparable prior-year period.

The filing disclosed that product cost of goods sold rose to $155,180 thousand in Q3 2026 from $152,741 thousand in Q3 2025, contributing to a product gross margin of $71,983 thousand, down from $77,873 thousand a year earlier. Selling, marketing and administrative expenses for the quarter were $48,707 thousand, compared to $47,031 thousand in the prior-year quarter. As a result, earnings from operations for Q3 2026 were $24,703 thousand, versus $32,367 thousand in Q3 2025. The company reported a provision for income taxes of $7,967 thousand for the quarter, leaving net earnings of $23,191 thousand.

On the balance sheet, the filing reported total assets of $1,279,883 thousand as of September 30, 2026. Total shareholders' equity attributable to Tootsie Roll Industries, Inc. was $949,813 thousand, with retained earnings of $26,463 thousand. Goodwill increased to $78,227 thousand from $73,237 thousand at December 31, 2025, and trademarks and other intangible assets, net, rose to $203,948 thousand from $175,024 thousand over the same period, according to the filing. Industrial development bonds, which stood at $7,500 thousand at December 31, 2025, were reported at zero as of September 30, 2026. The filing also noted that the registrant is classified as a large accelerated filer.

What Was Disclosed

Tootsie Roll Industries filed its quarterly report for the period ended September 30, 2026, disclosing lower net product sales, reduced earnings from operations, and higher selling expenses compared to the same periods in 2025, alongside balance sheet changes including increased goodwill and intangible assets.