07.01.16
CCA Industries, Inc. posted first quarter results for the period ended Feb. 29, 2016. Net income increased to $203,369 in the first quarter of fiscal 2016 from $57,608 in the prior year first quarter despite lower net sales.
“Our first quarter results show that the efforts to reduce the company’s overhead are taking effect,” explained CEO Lance Funston. “I am pleased to note that selling, general and administrative expenses in the first quarter of fiscal 2016 decreased almost 33% as compared to the first quarter of fiscal 2015.
“Management is continuing to explore how to make our operations more efficient in order to reduce costs further. At the same time, we are investing in our performing brands with new advertising as part of our efforts to increase shareholder value.”
“Our first quarter results show that the efforts to reduce the company’s overhead are taking effect,” explained CEO Lance Funston. “I am pleased to note that selling, general and administrative expenses in the first quarter of fiscal 2016 decreased almost 33% as compared to the first quarter of fiscal 2015.
“Management is continuing to explore how to make our operations more efficient in order to reduce costs further. At the same time, we are investing in our performing brands with new advertising as part of our efforts to increase shareholder value.”