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			Tuesday, February 14, 2012



CHICAGO, ILLINOIS - February 14, 2012 - Melvin J. Gordon, Chairman,
Tootsie Roll Industries, Inc. reported fourth quarter and twelve
months 2011 net sales and net earnings.

Fourth quarter 2011 net sales were $128,378,000 compared to
$117,834,000 in fourth quarter 2010, an increase of $10,544,000 or
8.9%. Fourth quarter 2011 net earnings were $10,267,000 compared
to $9,441,000 in fourth quarter 2010, and net earnings per share
were $.18 and $.16 in fourth quarter 2011 and 2010, respectively,
an increase of $.02 per share or 12%.

Twelve months 2011 net sales were $528,369,000 compared to
$517,149,000 in twelve months 2010, an increase of $11,220,000 or
2.2%. Twelve months 2011 net earnings were $43,938,000 compared
to $53,063,000 in twelve months 2010, and net earnings per share
were $.76 and $.90 in twelve months 2011 and 2010, respectively,
a decrease of $.14 per share or 16%.

Mr. Gordon said, "Fourth quarter 2011 net sales benefited from
effective marketing and selling programs and sales price increases
which were necessary to recover rising input costs. The increase
in fourth quarter 2011 net earnings reflects the benefits of
higher sales including price increases, however, net earnings were
adversely affected by significantly higher ingredient costs as
well as increased costs of packaging materials, manufacturing
plant operations, delivery and freight, and administration
expenses. The Company's fourth quarter 2011 net earnings per
share benefited from Common Stock purchases in the open
market resulting in fewer shares outstanding.

Twelve months 2011 sales and earnings benefited from the same
factors and reasons as fourth quarter 2011 which are discussed
above. Because most of the sales price increases in 2011 did not
become effective until mid-fourth quarter 2011, the related
favorable benefits were heavily weighted in the fourth quarter.
Twelve months net earnings were also adversely affected by
significantly higher input costs primarily relating to
ingredients. Twelve month 2011 earnings per share also benefited
from Common Stock purchases and fewer outstanding shares."

























                    TOOTSIE ROLL INDUSTRIES, INC.
               CONSOLIDATED SUMMARY OF SALES & EARNINGS
                        FOR THE PERIODS ENDED
                 DECEMBER 31, 2011 & DECEMBER 31, 2010

                                             FOURTH QUARTER ENDED
                                            2011              2010

Net Product Sales                      $ 128,378,000     $ 117,834,000

Net Earnings                           $  10,267,000     $   9,441,000

Net Earnings Per Share   *                 $ .18             $ .16

Average Shares Outstanding *              57,646,000        58,376,000


                                              TWELVE MONTHS ENDED
                                            2011              2010

Net Product Sales                      $ 528,369,000     $ 517,149,000

Net Earnings                           $  43,938,000     $  53,063,000

Net Earnings Per Share   *                 $ .76             $ .90

Average Shares Outstanding *              57,892,000        58,685,000


  *Based on average shares outstanding adjusted for 3% stock dividends
   distributed April 7, 2011 and April 8, 2010