Tootsie Roll Industries Inc Reports Sweetened Earnings and Sales Growth in 2023
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 21 2024
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Should l Buy TR?
Source: Yahoo Finance
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Analyst Views on TR
About TR
Tootsie Roll Industries, Inc. is engaged in the manufacturing and sale of confectionery products. 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 food and grocery brokers or directly by the Company itself to customers throughout the United States, Canada and Mexico. These customers include wholesale distributors of candy, food and groceries, supermarkets, variety stores, dollar stores, chain grocers, drug chains, discount chains, cooperative grocery associations, mass merchandisers, warehouse and membership club stores, and e-commerce merchants. Its products are sold under the registered trademarks, which include TOOTSIE ROLL, TOOTSIE FRUIT ROLLS, FROOTIES, TOOTSIE POPS, TOOTSIE MINI POPS, CHILD’S PLAY, CARAMEL APPLE POPS, CHARMS, BLOW-POP, CHARMS MINI POPS, CELLA’S, DOTS, SUGAR BABIES, ANDES, FLUFFY STUFF, DUBBLE BUBBLE, RAZZLES, CRY BABY, and TUTSI POP (Mexico).
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Quarterly Dividend Declaration: Tootsie Roll Industries has declared a quarterly dividend of $0.09 per share, consistent with previous distributions, demonstrating the company's ongoing ability to maintain stable cash flow.
- Dividend Yield: The forward yield of 0.87% reflects the company's attractiveness in the current market environment, although concerns about growth potential persist.
- Payment Schedule: The dividend is payable on March 27, with a record date of March 5 and an ex-dividend date also on March 5, ensuring shareholders receive their returns promptly.
- Market Reaction: Despite the unchanged dividend, analysts express caution regarding Tootsie Roll's growth prospects, suggesting that relying solely on dividends may not support long-term optimism.
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Market Overview: The current market conditions indicate a slight decline, with the S&P 500 showing a decrease of 0.4%.
Economic Indicators: Recent economic data suggests mixed signals, impacting investor sentiment and market performance.
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- Drilling Progress: Troubadour has completed Phase 1 of its drilling program at the Senneville gold-silver-copper property, with approximately 1,000 meters drilled primarily around the Gustav Cere target zone, aimed at verifying the continuity of the mineralization horizon, which is expected to drive future expansion exploration.
- High-Grade Mineralization: Historical drilling has indicated high-grade gold mineralization of up to 18.75 g/t, with much of the host structure remaining untested, suggesting significant discovery potential in the area that could lead to future resource increases.
- Multi-Phase Plan: The multi-phase drilling program consists of 75 drill holes designed based on historical data and recent geological surveys, aimed at comprehensively assessing the mineral resources in the area and enhancing the company's competitiveness in the mining sector.
- Regional Potential: The Senneville project is located within the Val d'Or mining camp, surrounded by several significant deposits, and Troubadour's exploration activities are expected to further confirm the mineral potential of the region, potentially attracting more investment and enhancing the company's valuation.
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- Oversold Signal: Tootsie Roll Industries (TR) has an RSI of 28.0, indicating that the recent heavy selling may be nearing exhaustion, prompting bullish investors to seek entry points for potential rebounds.
- Price Fluctuation: The stock traded as low as $35.52, significantly above its 52-week low of $29.13, suggesting a bearish market sentiment that could impact the company's short-term financing capabilities.
- Market Comparison: Compared to the S&P 500 ETF (SPY) with an RSI of 51.0, TR's oversold condition may attract value-seeking investors, despite the overall market showing relative stability.
- Investor Interest: With a 52-week high of $44.2684 and a current trading price of $35.90, there is potential upside for TR, which may draw attention from investors sensitive to volatility.
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- Dividend Growth: Tootsie Roll has increased its annual dividend for 58 consecutive years, most recently declaring a quarterly dividend of $0.09 per share payable on January 8, 2026, demonstrating the company's commitment to shareholder returns and stability.
- Shareholder Returns: Over the past five years, Tootsie Roll has achieved a compound annual growth rate (CAGR) of 9.2%, with its share price increasing by 47% during this period, indicating sustainable growth in a competitive confectionery market.
- Profitability Improvement: The company reported earnings per share (EPS) of $0.49 in Q3 2025, a 9% increase from the previous year, marking three consecutive quarters of earnings growth that reflect enhanced operational efficiency and market demand.
- Market Positioning: Despite Tootsie Roll's trailing P/E ratio of 29.15 being comparable to Hershey's 28.29, its status as one of the few meme stocks offering consistent dividends continues to attract investors seeking exposure to high-volatility assets.
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- Stock Price Growth: Tootsie Roll's share price has risen by 20% in 2025, indicating increased market confidence in its future growth while reflecting its stable position in the confectionery industry.
- Profitability Improvement: The company has reported three consecutive quarters of earnings per share (EPS) increases, with Q3 EPS reaching $0.49, a 9% rise from the previous year, demonstrating sustained improvement in profitability.
- Dividend King Status: Tootsie Roll has increased its annual dividend for 58 consecutive years, recently declaring a quarterly dividend of $0.09 per share, further solidifying its status as a Dividend King and attracting income-seeking investors.
- Long-term Investment Risks: Despite Tootsie Roll's strong performance in dividends and earnings, its classification as a meme stock with high volatility makes it unsuitable as a primary asset in long-term investment portfolios, necessitating careful risk assessment by investors.
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