As in 1975, the back cover was a copy of the front cover. The 1976 report continued a trend toward less photography and content and more straight up financial analysis. Once again the big news was on the international front as plans were announced for a new 50,000 square foot facility in Ireland, to serve as a center of manufacturing for their UK and European operations:
A nice start but compare this with the 400,000 square foot Duryea, Pennsylvania plant:
Topps also added a 33,000 square foot plant in Scranton, PA for candy manufacturing, a real "back to the future" move for them.
Another bit of financial news is intriguing:
These royalties were steadily increasing but seem like a bargain compared to today. The report also notes that Bazooka was still their most profitable item.
Sy Berger finally got a little love as top level executives were also added to the annual pictures of the Board of Directors, which was still a Shorin family juggernaut:
Net sales increased yet again, by 11.2% to $55.748 million. Price increases in all product lines were helping tremendously. The quarterly dividend was also increased from 5 to 7 cents, a sure sign of growth.
I'm going to stop here in terms of acquiring their annul reports I think. There seems to be less and less detail as the years pass from the 1972 IPO.
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