8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

Current Report Pursuant
To Section 13 or 15(d) of the
Securities Exchange Act of 1934

February 11, 2011
Date of report (Date of earliest event reported)

       TOOTSIE ROLL INDUSTRIES, INC.
(Exact Name of Registrant as Specified in Its charter)


        Virginia
(State or Other Jurisdiction of Incorporation)

        001-01361
(Commission File Number)

        22-1318955
(I.R.S. Employer Identification No.)

 7401 South Cicero Avenue, Chicago, Illinois  60629
(Address of Principal Executive Offices)   (Zip Code)

        773-838-3400
(Registrant's Telephone Number, Including Area Code)

        Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

     Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

     [__]  Written communications pursuant to Rule 425 under the Securities Act
              (17 CFR 230.425)

     [__]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act
             (17 CFR 240.14a-12)

     [__]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
              Exchange Act (17 CFR 240.14d-2(b))

     [__]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
              Exchange Act (17 CFR 240.13e-4(c))













ITEM 2.02.   RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

    On February 11, 2011, Tootsie Roll Industries, Inc. issued a press release
(the "release") announcing its results of operations and financial condition for
the fourth quarter ended December 31, 2010. A copy of the release is attached
hereto as Exhibit 99 and incorporated herein by reference.

    The information in the release and in this Item 2.02 is "furnished" and not
"filed" for purposes of Section 18 of the Securities and Exchange Act of 1934,
or otherwise subject to the liabilities of that section. Such information may
only be incorporated by reference in another filing under the Securities
Exchange Act of 1934 or the Securities Act of 1933 only if and to the extent
such subsequent filing specifically references such information.






Item 9.01.  Financial Statements and Exhibits.

(c) The following exhibit is furnished with this report:

Exhibit 99       Press Release of Tootsie Roll Industries, Inc., dated
                 February 11, 2011.








SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
under-signed thereunto duly authorized.


February 11, 2011               TOOTSIE ROLL INDUSTRIES, INC.

                            By:  /S/G. HOWARD EMBER, JR.
                                 G. Howard Ember, Jr.
                                 Vice President Finance and
                                 Chief Financial Officer








EXHIBIT INDEX

Exhibit No.               Description

99     Press Release of Tootsie Roll Industries, Inc., dated February 11, 2011.

EX-99

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             Friday, February 11, 2011


CHICAGO, ILLINOIS - February 11, 2011 - Melvin J. Gordon, Chairman,
Tootsie Roll Industries, Inc. reported fourth quarter and twelve months
2010 net sales and net earnings.

Fourth quarter 2010 net sales were $117,834,000 compared to $110,318,000 in
fourth quarter 2009, an increase of $7,516,000 or 6.8%. Fourth quarter 2010
net earnings were $8,807,000 compared to $7,760,000 in fourth quarter 2009,
and net earnings per share were $.16 and $.14 in fourth quarter 2010 and 2009,
respectively, an increase of $.02 per share or 14%.

Twelve months 2010 net sales were $517,149,000 compared to $495,592,000 in
twelve months 2009, an increase of $21,557,000 or 4.3%. Twelve months 2010
net earnings were $53,714,000 compared to $53,878,000 in twelve months 2009,
and net earnings per share were $.94 and $.93 in twelve months 2010 and 2009,
respectively, an increase of $.01 per share or 1%.

Mr. Gordon said, "Fourth quarter 2010 net sales benefited from effective
marketing and selling programs. The increase in fourth quarter 2010 net
earnings reflects the benefits of higher sales, however, net earnings were
adversely affected by significantly higher ingredient costs as well as
increases in distribution expenses.  The prior year comparative fourth
quarter results benefited from foreign income tax benefits but were
adversely affected by charges relating to the write-down to market of
certain assets. The Company's fourth quarter 2010 net earnings per share
benefited from Common Stock purchases in the open market resulting in
fewer shares outstanding.

Twelve months 2010 sales and earnings benefited from the same factors
and reasons as fourth quarter 2010 which are discussed above but were
also adversely affected by significantly higher ingredient costs and
increased distribution expense. Twelve months 2010 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, 2010 & DECEMBER 31, 2009

                                    FOURTH QUARTER ENDED
                                    2010            2009

Net Product Sales              $117,834,000      $110,318,000

Net Earnings                   $  8,807,000      $  7,760,000

Net Earnings Per Share *           $ .16             $ .14

Average Shares Outstanding *     56,688,000        57,326,000


                                    TWELVE MONTHS ENDED
                                    2010            2009

Net Product Sales              $517,149,000      $495,592,000

Net Earnings                   $ 53,714,000      $ 53,878,000

Net Earnings Per Share *            $ .94             $ .93

Average Shares Outstanding *     56,997,000        57,738,000

* Based on average shares outstanding adjusted for 3% stock dividends
distributed April 8, 2010 and April 9, 2009.