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

October 1, 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 October 26, 2011, Tootsie Roll Industries, Inc. issued a press release
(the "release") announcing its results of operations and financial condition for
the third quarter ended October 1, 2011. A copy of the release is attached
hereto as Exhibit 99.1 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 99.1     Press Release of Tootsie Roll Industries, Inc., dated
                 October 26, 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.


October 26, 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

99.1   Press Release of Tootsie Roll Industries, Inc., dated October 26, 2011.

EX-99

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 26, 2011



CHICAGO, ILLINOIS - October 26, 2011 - Melvin J. Gordon, Chairman,
Tootsie Roll Industries, Inc. reported third quarter and nine months
2011 net sales and net earnings.

Third quarter 2011 net sales were $186,784,000 compared to
$191,045,000 in third quarter 2010. Third quarter 2011 net earnings
were $18,338,000 compared to $26,484,000 in third quarter 2010, and
net earnings per share were $.32 and $.45 in third quarter 2011 and
2010, respectively, a decrease of $.13 per share or 29%.

Nine months 2011 net sales were $399,991,000 compared to $399,315,000
in nine months 2010, an increase of $676,000. Nine months 2011 net
earnings were $32,503,000 compared to $44,135,000 in nine months
2010, and net earnings per share were $.56 and $.75 in nine months
2011 and 2010, respectively, a decrease of $.19 per share or 25%.

Mr. Gordon said, "Third quarter and nine months 2011 net sales were
adversely affected by the timing of certain customer sales in third
and fourth quarter 2011. Third quarter and nine months net earnings
were adversely affected by significantly higher ingredient costs as
well as increased costs of packaging materials, manufacturing plant
operations, distribution and freight, and less favorable foreign
exchange.  The Company's third quarter and nine months 2011 net
earnings per share benefited from Company common stock purchases in
the open market resulting in fewer shares outstanding."
























                   TOOTSIE ROLL INDUSTRIES, INC.
           CONSOLIDATED SUMMARY OF NET SALES & NET EARNINGS
                       FOR THE PERIODS ENDED
                 OCTOBER 1, 2011 & OCTOBER 2, 2010

                                                  THIRD QUARTER
                                            2011              2010

Net Product Sales                      $ 186,784,000     $ 191,045,000

Net Earnings                           $  18,338,000     $  26,484,000

Net Earnings Per Share   *                 $ .32             $ .45

Average Shares Outstanding *              57,822,000        58,596,000


                                                   NINE MONTHS
                                            2011              2010

Net Product Sales                      $ 399,991,000     $ 399,315,000

Net Earnings                           $  32,503,000     $  44,135,000

Net Earnings Per Share   *                 $ .56             $ .75

Average Shares Outstanding *              57,978,000        58,795,000


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