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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS AND RETAINED EARNINGS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Total revenue $ 155,088 $ 150,736 $ 303,543 $ 303,911
Total costs 98,605 100,261 194,610 203,408
Total gross margin 56,483 50,475 108,933 100,503
Selling, marketing and administrative expenses 44,362 35,040 73,752 73,958
Earnings from operations 12,121 15,435 35,181 26,545
Other (loss) income, net 14,072 4,900 14,021 13,932
Earnings before income taxes 26,193 20,335 49,202 40,477
Provision for income taxes 8,663 4,701 13,631 9,008
Net earnings 17,530 15,634 35,571 31,469
Less: net (loss) income attributable to noncontrolling interests (14) (6) (31) (5)
Net earnings attributable to Tootsie Roll Industries, Inc. $ 17,544 $ 15,640 $ 35,602 $ 31,474
Net earnings attributable to Tootsie Roll Industries, Inc. per share $ 0.24 $ 0.21 $ 0.49 $ 0.43
Dividends per share [1] $ 0.09 $ 0.09 $ 0.18 $ 0.18
Average number of shares outstanding (in shares) 72,879 73,536 72,923 73,536
Product        
Total revenue $ 153,190 $ 148,819 $ 299,711 $ 300,283
Total costs 98,127 99,732 193,627 202,464
Total gross margin 55,063 49,087 106,084 97,819
Rental and Royalty        
Total revenue 1,898 1,917 3,832 3,628
Total costs 478 529 983 944
Total gross margin $ 1,420 $ 1,388 $ 2,849 $ 2,684
[1] Does not include 3% stock dividend to shareholders of record on 3/5/25 and 3/6/24.