Breaking News

Sales Fall, Losses Rise At CCA Industries

March 6, 2014

New agreement with Emerson Group will lower costs.

CCA Industries, Inc.'s sales and profits plunged in the fiscal year ended November 30, 2013.  Sales fell more than 25% to $38.8 million and the company reported a net loss of more than $6.1 million as compared to a net income of $465,452 for fiscal 2012.  Sales fell nearly 50% in the fourth quarter to $6.0 million, due to lower sales of the company's nail color brand and diet brand, combined with higher reserves for returns and inventory related to the nail color brand.

"As previously reported, we do not anticipate those substantial losses continuing in fiscal 2014," stated Richard Kornhauser, president and chief executive officer. "We believe CCA is well positioned for fiscal 2014 due to the outsourcing agreement with the Emerson Group, which significantly lowered our costs. The company is investing some of this savings into a more robust media advertising campaign for fiscal 2014 which should promote the growth of our brands. We expect to start realizing the savings from the outsourcing agreement beginning in the second quarter of fiscal 2014."
 

CCA Industries Inc. manufactures and markets health and beauty aids, including Plus+White toothpastes and teeth whiteners, Mega-T Green Tea dietary supplements and Bikini Zone medicated topical and shave gels.

 

Related End-User Markets:

  • The Good, The Bad Can Get Ugly

    The Good, The Bad Can Get Ugly

    March 28, 2017
    If you are what you eat, you may really be in trouble!

  • What’s Up with Brexit?

    What’s Up with Brexit?

    March 9, 2017
    During In-Cosmetics, industry experts from the CTPA will weigh in on what’s ahead for the beauty industry.

  • Fit for Fitness

    Fit for Fitness

    Christine Esposito, Associate Editor||February 21, 2017
    Kinx Active is a new brand targeting women who want beauty products that can stand up to their fitness routines.

  • OTC = TLC

    OTC = TLC

    Christine Esposito, Associate Editor||March 1, 2017
    Over-the-counter treatments provide consumers’ skin and hair with extra care.

  • The Green Dot

    The Green Dot

    John Kim and Lambros Kromidas, PhD*, Shiseido Americas||March 1, 2017
    Insights into one of the most used trademarks in the world.

  • An Essential Read

    An Essential Read

    Tom Branna, Editorial Director||March 1, 2017
    Industry expert Nadim Shaath takes the reader on a fascinating journey through the history and the future of essential oils.