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, October 25, 2016


CHICAGO, ILLINOIS - October 25, 2016 - Ellen R. Gordon, Chairman,
Tootsie Roll Industries, Inc.reported third quarter and nine months
2016 net sales and net earnings.

Third quarter 2016 net sales were $185,473,000 compared to
$183,806,000 in third quarter 2015, an increase of $1,667,000 or 1%.
Third quarter 2016 net earnings were $28,637,000 compared to
$26,171,000 in third quarter 2015, and net earnings per share were
$.46 and $.41 in third quarter 2016 and 2015, respectively, an
increase of $.05 per share or 12%.

Nine months 2016 net sales were $393,094,000 compared to $396,811,000
in nine months 2015, a decrease of $3,717,000 or 1%. Nine months 2016
net earnings were $49,669,000 compared to $46,384,000 in nine months 2015,
and net earnings per share were $.80 and $.73 in nine months 2016
and 2015, respectively, an increase of $.07 per share or 10%.

Mrs. Gordon said, "Third quarter and nine months 2016 net sales were
adversely affected by the effects of a stronger U.S. dollar and related
currency translation of foreign sales, but benefited from the timing of
certain customer sales between third and fourth quarters in the
comparative 2016 and 2015 periods. Higher price realization on sales,
continuing improvements in manufacturing plant efficiencies driven by
capital investments, and ongoing cost containment programs contributed
to  higher net earnings in third quarter and nine months 2016. Net
earnings for these periods were adversely impacted by higher costs for
ingredients and additional costs relating to changes in product labeling
requirements. Net earnings in the prior year nine months 2015 period
benefited from a favorable nonrecurring foreign income tax settlement
and resulting lower effective income tax rate which adversely affects
the comparison to the 2016 results. The Company's third quarter and nine
months 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
                   SEPTEMBER 30, 2016 & 2015

                                             THIRD QUARTER ENDED
                                            2016              2015

Net Product Sales                      $ 185,473,000     $ 183,806,000

Net Earnings                           $  28,637,000     $  26,171,000

Net Earnings Per Share   *             	   $ .46             $ .41

Average Shares Outstanding *              62,174,000        63,172,000


                                               NINE MONTHS ENDED
                                            2016              2015

Net Product Sales                      $ 393,094,000     $ 396,811,000

Net Earnings                           $  49,669,000      $ 46,384,000

Net Earnings Per Share   *                 $ .80             $ .73

Average Shares Outstanding *              62,358,000        63,408,000



  *Based on average shares outstanding adjusted for 3% stock dividends
   distributed April 08, 2016 and April 10, 2015