NYSE$TR

Tootsie Roll Industries Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Tootsie Roll Industries reported a decrease in net sales and net earnings for Q1 2021.

Tootsie Roll Industries reported a slight decrease in net sales and net earnings for the first quarter of 2021 compared to the same period in 2020. Net sales decreased by 1% to $101,795,000, and net earnings decreased to $10,767,000, with earnings per share at $0.16.

  • Net sales for Q1 2021 were $101,795,000, a 1% decrease compared to $102,803,000 in Q1 2020.
  • Net earnings for Q1 2021 were $10,767,000, compared to $11,982,000 in Q1 2020.
  • Earnings per share for Q1 2021 were $0.16, a decrease from $0.17 in Q1 2020.
  • The Covid-19 pandemic continued to adversely affect net sales due to curtailed access to certain trade channels and changes in consumer behavior.

Headline financials

Total Revenue

$103M

Previous: $104M-0.5%
EPS (adj)

$0.17

Previous: $0.17+0.0%
Capital Expenditures

-$3.79M

Previous: -$3.74M-1.3%
Free Cash Flow

$6.98M

Previous: $8.25M-15.3%
Net Income

$10.8M

Previous: $12M-10.1%
Operating Income

$10.4M

Previous: $20.7M-49.8%
Gross Profit

$37.2M

Previous: $37M+0.5%
Cash & Equivalents

$136M

Previous: $139M-2.0%
Total Assets

$979M

Previous: $956M+2.4%

Revenue & EPS history

Tootsie Roll · Revenue · Quarterly

$103M

Q1 2021-0.5%vs Q1 2020

Forward guidance

The company is unable to determine the effects of the Covid-19 pandemic, including current and developing variants, on sales and net earnings in 2021 and beyond.

Tailwinds

  • Continuing investments in plant manufacturing operations to meet new consumer and customer demands
  • Aiming to achieve product quality improvements
  • Seeking to increase operational efficiencies
  • Focused on providing genuine value to consumers

Headwinds

  • Effects of the Covid-19 pandemic, including current and developing variants, are unprecedented
  • Unable to determine its effects on sales
  • Unable to determine its effects on net earnings in 2021
  • Unable to determine its effects on sales beyond 2021
  • Unable to determine its effects on net earnings beyond 2021

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-0.2%

Avg return

Earnings day

-0.3%

Avg return

5 days after

+1.4%

Avg return

30 days after

46%

31 / 67 earnings

Positive

+4.0%

Q3 2023

Best reaction

-6.8%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.8%+2.8%-4.3%
Q3 2025-6.8%-15.2%-8.5%
Q1 2025+2.8%+1.2%+9.3%
Q4 2024-1.0%-1.1%+0.4%
Q3 2024+0.7%+2.2%+11.5%
Q2 2024-0.9%-2.5%+9.5%
Q1 2024-0.7%-1.1%-3.7%
Q4 2023+0.6%+1.1%+2.0%
Q3 2023+4.0%+5.5%+17.2%
Q2 2023-2.0%-2.8%-9.7%
Q1 2023+1.7%-2.5%-0.2%
Q4 2022-3.1%+1.5%+1.6%
Q3 2022-1.8%+1.0%+10.0%
Q2 2022+1.4%+2.9%+7.8%
Q1 2022-2.6%-2.5%-9.4%
Q4 2021+0.7%+1.3%+4.5%
Q3 2021+1.1%+2.9%+1.6%
Q2 2021-2.1%+1.4%-6.6%
Q1 2021-2.0%-3.8%-4.8%
Q4 2020-4.3%+0.2%+11.8%
Q3 2020+0.7%+4.9%-0.2%
Q2 2020-4.3%-3.2%-1.2%
Q1 2020+0.6%-1.3%-5.3%
Q4 2019-1.0%+0.4%+7.2%
Q3 2019+1.0%-1.0%+1.7%
Q2 2019-1.9%+1.4%-0.6%
Q1 2019+1.8%-0.6%+2.7%
Q4 2018-0.3%+0.4%+1.7%
Q3 2018+3.5%+1.3%+14.8%
Q2 2018+1.0%-0.3%-2.2%
Q1 2018+0.0%+0.5%-1.2%
Q4 2017+1.6%+1.8%-9.0%
Q3 2017-2.5%-3.6%-0.4%
Q2 2017+0.8%-0.1%-1.4%
Q1 2017+2.5%-1.6%-6.9%
Q4 2016+0.4%-1.6%+3.7%
Q3 2016+1.7%+1.4%+9.9%
Q2 2016-0.2%-2.0%+0.3%
Q1 2016+1.4%
Q4 2015-0.7%
Q3 2015-0.7%
Q2 2015-1.6%
Q1 2015-0.3%
Q4 2014+0.4%
Q3 2014+0.2%
Q2 2014+0.2%
Q1 2014-2.2%
Q4 2013-1.2%
Q3 2013+2.1%
Q2 2013-0.6%
Q1 2013-2.3%
Q2 2012+2.2%
Q4 2012+0.8%
Q3 2012-1.7%
Q1 2012+1.3%
Q2 2011-1.0%
Q4 2008-1.0%
Q4 2011-1.0%
Q3 2011+2.2%
Q1 2010+0.5%
Q1 2011+0.5%
Q2 2010-2.0%
Q4 2010-2.0%
Q3 2009-1.0%
Q3 2010-1.0%
Q4 2009-0.3%
Q2 2009-0.3%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro