Tootsie Roll Industries, Inc.
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Company Description
- CEO
- Ellen R. Gordon
- Full Time Employees
- 2,100
- Sector
- Consumer non-durables
- Industry
- Food: specialty/candy
- Address
- 7401 South Cicero Avenue Chicago IL United States 60629
- IPO Date
- Mar 17, 1980
- CIK
- 0000098677
- Website
- tootsie.com
- Similar Companies
- Business
- Tootsie Roll Industries, Inc. (TR) manufactures and sells a broad range of confectionery products worldwide, including its iconic chewy chocolate Tootsie Rolls and Tootsie Pops lollipops with Tootsie Roll centers; hard candy lollipops such as Charms Blow Pops, Charms Mini Pops, and Caramel Apple Pops; chocolate-covered cherries under the Cella's brand; nougat candy bars including Charleston Chew; fruit-flavored chewy candies like Dots gumdrops, Crows licorice, Frooties, and Tootsie Fruit Rolls; mint candies such as Junior Mints and Andes Chocolate Mints; caramels including Sugar Daddy and Sugar Babies; assorted candies under Child’s Play and Candy Blox; cotton candy as Fluffy Stuff; wax candy like Wack-O-Wax; gum products encompassing Dubble Bubble, Thrills, Razzles, and Cry Baby; and novelty items such as Nik-L-Nip juice confections and Polar Mint. Founded in 1896 in New York City by Leo Hirschfeld and headquartered in Chicago, Illinois, the company operates manufacturing facilities across the United States including Chicago, Cambridge, Massachusetts, and Tennessee, as well as in Mexico City, Mexico, and near Toronto, Canada, with exports to over 75 countries; it sells primarily through wholesale distributors, supermarkets, variety and dollar stores, chain grocers, drug chains, mass merchandisers, vending operators, e-commerce merchants, the U.S. military, and fund-raising organizations, with key customers including Wal-Mart and Dollar Tree. In recent developments, subsidiary Charms LLC announced a $97.7 million investment to expand its production plant and distribution center in Tennessee to boost non-chocolate lollipop output amid rising cocoa costs; the company repurchased and retired $13.5 million of its shares and paid $25.5 million in cash dividends in 2024 while planning approximately $100 million in plant expansions over seven years funded internally, primarily in 2025-2026, to enhance capacity, efficiency, and product quality; it reported a 6.3% sales decline to $715.5 million for fiscal 2024 due to elevated chocolate prices but achieved 3% net sales growth to $230.6 million in Q3 2025 through pricing actions, cost efficiencies, and share reductions.
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