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			Wednesday, October 22, 2014



CHICAGO, ILLINOIS - October 22, 2014 - Melvin J. Gordon, Chairman,
Tootsie Roll Industries, Inc. reported third quarter and nine months
2014 net sales and net earnings.

Third quarter 2014 net sales were $191,093,000 compared to
$191,807,000 in third quarter 2013.  Third quarter 2014 net
earnings were $26,668,000 compared to $26,043,000 in third
quarter 2013, and net earnings per share were $.44 and $.42 in
third quarter 2014 and 2013, respectively, an increase of $.02
per share or 5%.

Nine months 2014 net sales were $401,966,000 compared to
$404,074,000 in nine months 2013. Nine months 2014 net earnings
were $45,275,000 compared to $43,481,000 in nine months 2013,
and net earnings per share were $.75 and $.71 in nine months
2014 and 2013, respectively, an increase of $.04 per share or
6%.

Mr. Gordon said, "Third quarter and nine months 2014 net
earnings benefited from more favorable ingredient costs as well
as plant manufacturing efficiencies driven by capital
investments and ongoing cost containment programs. Although our
overall comparative ingredient costs were more favorable in
third quarter and nine months 2014, certain key ingredient costs
are higher this year. We are continuing to make progress on
restoring our margins to their historical levels before the
increases in commodity and other input costs in past years. The
Company's third quarter and nine months 2014 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
                    SEPTEMBER 27, 2014 & SEPTEMBER 28, 2013

                                             THIRD QUARTER ENDED
                                            2014              2013

Net Product Sales                      $ 191,093,000     $ 191,807,000

Net Earnings                           $  26,668,000     $  26,043,000

Net Earnings Per Share   *                 $ .44             $ .42

Average Shares Outstanding *              60,525,000        61,343,000


                                               NINE MONTHS ENDED
                                            2014              2013

Net Product Sales                      $ 401,966,000     $ 404,074,000

Net Earnings                           $  45,275,000      $ 43,481,000

Net Earnings Per Share   *                 $ .75             $ .71

Average Shares Outstanding *              60,668,000        61,487,000



  *Based on average shares outstanding adjusted for 3% stock dividends
   distributed April 4, 2014 and April 5, 2013