FILING ANALYSIS · THURSDAY, OCTOBER 22
TOOTSIE ROLL INDUSTRIES INC TR — 8-K: Results of Operations and Financial Condition
negative
Tootsie Roll Industries reported a 1% decrease in third quarter net sales and a 35% decrease in net earnings, citing adverse impacts from the timing of sales and higher unit costs for ingredients and packaging materials. The company also recognized acquisition-related expenses and lower investment income, which negatively affected reported results.
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