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.





John F. Sullivan was my father. Great to read these detailed reports about the company. Thank you for sharing.
ReplyDeleteMy pleasure-your dad was there at a time of great international expansion, which he appears to have shepherded.
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