Breaking News

CCA Industries Posts Profit

March 7, 2017

Even as sales fall in fiscal 2016.

CCA Industries, Inc. posted mixed results for the fourth quarter and full year ended Nov. 30, 2016. Total net income was $1,181,210 for the year ended November 30, 2016 as compared to a loss of $3,244,211 for the year ended November 30, 2015, an increase of $4,425,421. Total net income for the quarter ended November 30, 2016 increased to $232,797 as compared to a loss of $(1,764,990) for the same period in fiscal 2015. 

"The Company's return to profitability is due to the restructuring plan which was completed in the third quarter of fiscal 2016," said CEO Lance Funston. "This has put the Company on a more stable platform enabling us to now turn our attention to increasing top line sales through the introduction of new products and expansion of retailer distribution. We will also have resources to increase our internet presence. We look forward to continuing profitability in fiscal 2017 and continuing to enhance shareholder value."

But for the full year, sales fell nearly 20% to $19.6 million.

Related End-User Markets:

Related Raw Materials: