Attached files

EXHIBIT 99.1

Tootsie Roll Industries, Inc.
7401 South Cicero Avenue
Chicago, IL  60629
Phone 773/838-3400
Fax   773/838-3534

Press Release

STOCK TRADED:  NYSE			FOR IMMEDIATE RELEASE
TICKER SYMBOL: TR			Thursday, July 27, 2016



CHICAGO, ILLINOIS - July 27, 2016 - Ellen R. Gordon, Chairman,
Tootsie Roll Industries, Inc. reported second quarter and first half
2016 net sales and net earnings.

Second quarter 2016 net sales were $104,259,000 compared to
$107,528,000 in second quarter 2015, a decrease of $3,269,000 or 3%.
Second quarter 2016 net earnings were $11,136,000 compared to
$11,059,000 in second quarter 2015, and net earnings per share were
$.18 and $.17 in second quarter 2016 and 2015, respectively, an
increase of $.01 or 6%.

First half 2016 net sales were $207,621,000 compared to $213,005,000
in first half 2015, a decrease of $5,384,000 or 3%. First half 2016
net earnings were $21,032,000 compared to $20,213,000 in first half
2015, and net earnings per share were $.34 and $.32 in first half
2016 and 2015, respectively, an increase of $.02 per share or 6%.

Mrs. Gordon said, "Second quarter and first half 2016 net sales were
adversely impacted by the effects of a stronger U.S. dollar and
related currency translation of foreign sales, as well as the timing
of sales to certain customers when compared to the prior year periods.
Net earnings in second quarter and first half 2016 benefited from
higher price realization on sales, but were adversely impacted by
higher costs for ingredients and manufacturing operations. These
higher manufacturing costs include the effects of lower production
volumes in order to reduce finished goods inventory levels and
additional costs to meet new product labeling requirements. This
inventory reduction was in response to uncertainties surrounding
changes in state and national labeling regulations and requirements.
Net earnings in the prior year second quarter and first half 2015
benefited from a favorable nonrecurring foreign income tax adjustment
and resulting lower effective income tax rate which adversely affects
the comparison to the 2016 comparative periods. The Company's second
quarter and first half 2016 net earnings per share benefited from
common stock purchases in the open market resulting in fewer shares
outstanding."























                     TOOTSIE ROLL INDUSTRIES, INC.
               CONSOLIDATED SUMMARY OF SALES & EARNINGS
                        FOR THE PERIODS ENDED
                        JUNE 30, 2016 & 2015

                                             SECOND QUARTER ENDED
                                            2016              2015

Net Product Sales                      $ 104,259,000     $ 107,528,000

Net Earnings                           $  11,136,000     $  11,059,000

Net Earnings Per Share   *             	   $ .018             $ .17

Average Shares Outstanding *              62,427,000        63,426,000


                                               SIX MONTHS ENDED
                                            2016              2015

Net Product Sales                      $ 207,621,000     $ 213,005,000

Net Earnings                           $  21,032,000      $ 20,213,000

Net Earnings Per Share   *                 $ .34             $ .32

Average Shares Outstanding *              62,466,000        63,532,000



  *Based on average shares outstanding adjusted for 3% stock dividends
   distributed April 8, 2016 and April 10, 2015