Equity Profile

TR

Tootsie Roll Industries, Inc.

Consumer StaplesPackaged Foods & Meats$2.9B

Oct23Thu

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Tootsie Roll Industries, Inc. (TR) is a well-known manufacturer of candy and confectionery products, including its iconic Tootsie Roll....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and will help investors gauge financial health this quarter.

N/A

Revenue Growth

Revenue growth reflects the company's ability to increase sales and market share, which is essential for long-term success.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

TR Q2-2026 Earnings Preview

Context

Company Snapshot

Tootsie Roll Industries, Inc. (TR) is a well-known manufacturer of candy and confectionery products, including its iconic Tootsie Roll. As a player in the consumer staples sector, the company benefits from consistent consumer demand, making it a staple in many households. With a market cap of $3 billion, Tootsie Roll is positioned to navigate trends in consumer spending and preferences in the packaged foods industry.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

Avg EPS Surprise

+0.00%

Avg Stock Reaction

+0.02%

Last Quarter Recap

In Q1-2026, Tootsie Roll reported an EPS of $0.24, with the stock experiencing a slight decline of 0.17% the following day. The company did not provide specific revenue estimates or surprises, leaving investors cautious about future performance.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall expectations for Tootsie Roll's upcoming earnings report are mixed, with investors looking for signs of revenue stability and profitability. Given the lack of analyst estimates, there is uncertainty about how the market will react.

Bull Case

If Tootsie Roll shows strong revenue growth and maintains or improves its gross margin, it could signal a robust demand for its products, leading to a positive market reaction.

Bear Case

Conversely, if the company reports disappointing sales or a decline in margins, it may raise concerns about its competitive position and lead to a negative reaction from investors.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the reported revenue for Q2-2026?

Revenue figures will be critical in assessing the company's growth trajectory and overall market demand for its products.

How will the gross margin compare to previous quarters?

Gross margin trends will provide insight into the company's cost management and pricing strategy, which are vital for profitability.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating Tootsie Roll's brand strength and consumer loyalty, which could lead to better-than-expected sales despite economic pressures.

Supporting Evidence

The company's historical performance shows resilience in consumer demand during economic downturns.

Options pricing suggests a higher expected move than has historically occurred, indicating potential overreaction.

Recent trends in candy consumption have shown growth, which could benefit Tootsie Roll.

Key Risk

If revenue growth exceeds expectations, it could significantly shift market sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core thesis revolves around Tootsie Roll's ability to maintain profitability and revenue growth in a competitive market.

Bull Confirmed If

Revenue growth of 5% or more compared to the previous quarter would confirm the bull case.

Bear Confirmed If

A decline in gross margin below 30% would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±5.52%

Historical Avg

±1.1%

Pricing rich

The options market is pricing in a significant move of approximately 5.52%, indicating that traders expect volatility around the earnings announcement.

Options are pricing ±5.5% while TR has averaged ±1.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

31.8%

Calls (100)P/C Ratio: 3.03Puts (303)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Consumer Staples

n=30

Fade rate: 9 of 27 (33%)

This setup has occurred 30 times across Consumer Staples in the last 2 years. 18 of 27 (67%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 4.7%, with a raw directional average of +1.7% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Tootsie Roll beats expectations and raises guidance, history suggests a positive reaction with an average 1-day move of +1.75%.

In-Line / Cautious

If results are in line with expectations but management's commentary is cautious, the stock may see little movement as investors digest the news.

Miss

Should the company miss on earnings or revenue, history suggests a potential downside reaction of around -1.09%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches or marketing strategies.
2Insights into consumer trends affecting candy sales.
3Management's outlook on cost pressures and pricing strategies.
4Comments on competitive positioning in the packaged foods market.
5Any guidance on future earnings or revenue expectations.

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AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Tootsie Roll Industries, Inc. (TR) is a well-known manufacturer of candy and confectionery products, including its iconic Tootsie Roll....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and will help investors gauge financial health this quarter.

N/A

Revenue Growth

Revenue growth reflects the company's ability to increase sales and market share, which is essential for long-term success.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

TR Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

Avg EPS Surprise

+0.00%

Avg Stock Reaction

+0.02%

Last Quarter Recap

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Tootsie Roll shows strong revenue growth and maintains or improves its gross margin, it could signal a robust demand for its products, leading to a positive market reaction.

Bear Case

Conversely, if the company reports disappointing sales or a decline in margins, it may raise concerns about its competitive position and lead to a negative reaction from investors.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the reported revenue for Q2-2026?

Revenue figures will be critical in assessing the company's growth trajectory and overall market demand for its products.

How will the gross margin compare to previous quarters?

Gross margin trends will provide insight into the company's cost management and pricing strategy, which are vital for profitability.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating Tootsie Roll's brand strength and consumer loyalty, which could lead to better-than-expected sales despite economic pressures.

Supporting Evidence

The company's historical performance shows resilience in consumer demand during economic downturns.

Options pricing suggests a higher expected move than has historically occurred, indicating potential overreaction.

Recent trends in candy consumption have shown growth, which could benefit Tootsie Roll.

Key Risk

If revenue growth exceeds expectations, it could significantly shift market sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core thesis revolves around Tootsie Roll's ability to maintain profitability and revenue growth in a competitive market.

Bull Confirmed If

Revenue growth of 5% or more compared to the previous quarter would confirm the bull case.

Bear Confirmed If

A decline in gross margin below 30% would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±5.52%

Historical Avg

±1.1%

Pricing rich

The options market is pricing in a significant move of approximately 5.52%, indicating that traders expect volatility around the earnings announcement.

Options are pricing ±5.5% while TR has averaged ±1.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

31.8%

Calls (100)P/C Ratio: 3.03Puts (303)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Consumer Staples

n=30

Fade rate: 9 of 27 (33%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Tootsie Roll beats expectations and raises guidance, history suggests a positive reaction with an average 1-day move of +1.75%.

In-Line / Cautious

If results are in line with expectations but management's commentary is cautious, the stock may see little movement as investors digest the news.

Miss

Should the company miss on earnings or revenue, history suggests a potential downside reaction of around -1.09%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches or marketing strategies.
2Insights into consumer trends affecting candy sales.
3Management's outlook on cost pressures and pricing strategies.
4Comments on competitive positioning in the packaged foods market.
5Any guidance on future earnings or revenue expectations.