TR Stock Price & Analysis

Q3 Earnings Report: Tootsie Roll Industries, Inc. reported a 10% decline in net sales for Q3 and an 8% decrease over nine months in 2024, but managed to increase net earnings slightly due to improved manufacturing efficiencies and investment income.

Future Outlook: The company is focused on long-term growth by enhancing operational efficiencies and expanding product lines, while navigating challenges such as rising input costs and consumer resistance to price increases.

Upcoming Ex-Dividend Dates: Tootsie Roll Industries Inc (TR), John Wiley & Sons Inc. (WLY), and Dollar General Corp (DG) will trade ex-dividend on 10/8/24, with respective dividends of $0.09, $0.3525, and $0.59 scheduled for payment later in October.

Market Impact and Historical Yields: Following the ex-dividend date, TR is expected to drop 0.31%, WLY by 0.71%, and DG by 0.72%. The estimated annual yields are 1.22% for TR, 2.85% for WLY, and 2.88% for DG, reflecting their historical dividend stability.

Stock Performance Overview: TR's stock has a 52-week low of $27.58 and a high of $35.84, with the last trade recorded at $30.88.

Market Analysis Note: The article mentions other dividend stocks that have recently fallen below their 200-day moving average.

Consumer Spending Trends: There is a noticeable shift in consumer spending from chocolate to salty snacks due to price disparities and increased caution regarding food expenses.

Generational Preferences: A generational change is occurring, with younger consumers favoring non-chocolate confections over traditional chocolate snacks.