10.17.16
CCA Industries reported total net income increased to $321,367 for the three months ended August 31, 2016 from income of $49,889 for the same period in fiscal 2015. Total net income increased to $948,419 for the nine months ended August 31, 2016 as compared to a loss of $1,479,222 for the same period in fiscal 2015.
"We are pleased to announce that we now have had three profitable quarters in a row in fiscal 2016," said Lance Funston, chief executive officer. "We have made a strategic decision to eliminate unprofitable products, and although this results in reduced revenues, it has led to a focus on profitable brands resulting in an increase in net income when compared with the prior year."
CCA Industries, Inc. manufactures and markets health and beauty aids, each under its individual brand name. The products include, principally, Plus+White toothpastes and teeth whiteners, Bikini Zone medicated topical and shave gels, Nutra Nail nail care treatments, Scar Zone scar treatment products, Sudden Change anti-aging skin care products, and Solar Sense sun protection products.
"We are pleased to announce that we now have had three profitable quarters in a row in fiscal 2016," said Lance Funston, chief executive officer. "We have made a strategic decision to eliminate unprofitable products, and although this results in reduced revenues, it has led to a focus on profitable brands resulting in an increase in net income when compared with the prior year."
CCA Industries, Inc. manufactures and markets health and beauty aids, each under its individual brand name. The products include, principally, Plus+White toothpastes and teeth whiteners, Bikini Zone medicated topical and shave gels, Nutra Nail nail care treatments, Scar Zone scar treatment products, Sudden Change anti-aging skin care products, and Solar Sense sun protection products.