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About Tootsie Roll Industries, Inc.

Neither taffy nor caramel nor chocolate, Tootsie Roll Industries' success is wrapped in brown-and-white waxed paper. As one of the country's largest candy companies, it makes and sells the vaguely chocolate-flavored Tootsie Roll, which has been produced with the same formula and name for more than a century. The company also makes such well-known candies as Andes mints, Junior Mints, Charleston Chew, and Sugar Daddy. Its Charms and Tootsie Pops brands make the company one of the largest lollipop producers in the world. Tootsie Roll Industries sells its candy directly and through brokers to thousands of retail customers across the US (although Walmart and Dollar Tree together account for a third of sales).

Financial Performance

As consumer tastes gravitate toward healthier, more natural options, Tootsie Roll Industries' revenue has been fairly stagnant. Overall, sales are down 5% since 2014. Net income, however, had been improving steadily until it was knocked down in 2018. 

In 2018 the company reported revenue of $519 million, even with the prior year.

Net income that year fell 30% to $56.9. Provision for income taxes quadrupled from 2017, when the company enjoyed a one-time benefit from the 2017 Tax Act.

Cash at the end of 2018 was $111.3 million, an increase of $14.6 million from the prior year. Cash from operations contributed $100.9 million to the coffers, while investing activities used $44.5 million, mainly for capital expenditures. Financing activities used another $42.4 million for dividends to stockholders and stock repurchases. 


Tootsie Roll Industries tends to stick to a conservative strategy (and maintain a conservative financial posture), not wanting to jeopardize long-term growth for temporary gain.  

As the owner of many value-oriented brands, the company invests in technologies that will lower the cost of its production. In 2018 it invested in new high-speed production and packaging technology that allows for the production of different product and pack configurations.

Tootsie Roll Industries operates in an intensely competitive space with untold numbers of candy options sold across virtually all retail channels. It knows it must refresh and expand its portfolio to maintain growth. To that end, in 2018 it introduced new flavors for both its Charms Mini Pops and Tootsie Mini Pops assortments and launched Junior Mint Minis.

Tootsie Roll Industries, Inc.

7401 S Cicero Ave
Chicago, IL 60629-5885
Phone: 1 (773) 838-3400

Firm Stats

Employer Type: Publicly Owned
Stock Symbol: TR
Stock Exchange: , NYSE
VP Marketing and Sales: Thomas E. Corr
VP Finance and CFO: G. Howard Ember
Chairman and CEO: Ellen R. Gordon
Employees (This Location): 850
Employees (All Locations): 2,000

Major Office Locations

Chicago, IL

Other Locations

Chicago, IL
Cambridge, MA
Hazle Township, PA
Covington, TN
Delavan, WI
Concord, Canada