10.15.14
CCA Industries, East Rutherford, NJ, reported third quarter sales rose 11.7% to more than $8 million. Sales of health & beauty aids rose 8.6% to more than $7.8 million. In addition, the company reported Q3 net income of $688,111, compared to a loss of $792,892 a year ago.
Revenue growth was driven by sales of Bikini Zone and Sudden Change skin care products, which rose 22.4%. Both brands were supported with national television advertising during this period as part of the company's enhanced 2014 media program. Results exclude sales of the Gel Perfect nail color brand, which was discontinued at the end of the second quarter of fiscal 2014 and the Mega T dietary supplement brand, which the company divested in August 2014. Both of these brands are reported as discontinued operations, the results of which are shown in the income statement highlights provided with this press release.
For the first nine months, sales from continuing operations rose 7.7% to $25.1 million. Net sales of health & beauty aids increased 6% to $24.6 million. Revenue growth was driven by sales gains realized for Plus White oral care brand (+6.4%), and skin care, which includes Bikini Zone and Sudden Change brands (+8.1%). Each of these brands, during this period, was supported with increased advertising versus prior year period to reignite their connection with the consumer to drive sales. Total revenue excludes sales of the Gel Perfect nail color brand, which was discontinued at the end of the second quarter of fiscal 2014 and the Mega T dietary supplement brand, which the Company divested in August 2014. Both of these brands are reported as discontinued operations, the results of which are shown in the income statement highlights provided with this press release.
The net loss for the first nine months of fiscal 2014, including continuing and discontinued operations, topped $4.6 million, as compared to a loss of $1.9 million for the same period in fiscal 2013. The increased net loss was due to losses from discontinued operations.
Revenue growth was driven by sales of Bikini Zone and Sudden Change skin care products, which rose 22.4%. Both brands were supported with national television advertising during this period as part of the company's enhanced 2014 media program. Results exclude sales of the Gel Perfect nail color brand, which was discontinued at the end of the second quarter of fiscal 2014 and the Mega T dietary supplement brand, which the company divested in August 2014. Both of these brands are reported as discontinued operations, the results of which are shown in the income statement highlights provided with this press release.
For the first nine months, sales from continuing operations rose 7.7% to $25.1 million. Net sales of health & beauty aids increased 6% to $24.6 million. Revenue growth was driven by sales gains realized for Plus White oral care brand (+6.4%), and skin care, which includes Bikini Zone and Sudden Change brands (+8.1%). Each of these brands, during this period, was supported with increased advertising versus prior year period to reignite their connection with the consumer to drive sales. Total revenue excludes sales of the Gel Perfect nail color brand, which was discontinued at the end of the second quarter of fiscal 2014 and the Mega T dietary supplement brand, which the Company divested in August 2014. Both of these brands are reported as discontinued operations, the results of which are shown in the income statement highlights provided with this press release.
The net loss for the first nine months of fiscal 2014, including continuing and discontinued operations, topped $4.6 million, as compared to a loss of $1.9 million for the same period in fiscal 2013. The increased net loss was due to losses from discontinued operations.