CCA Industries : April 17th, 2017 - CCA INDUSTRIES, INC. Reports Net Income for the first Quarter Ended February 28, 2017
April 20, 2017 at 10:17 am EDT
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Company Contact: Stephen A. Heit 201-528-8200
FOR IMMEDIATE RELEASE
CCA Industries, Inc. Reports Net Income for the first Quarter Ended February 28, 2017
RIDGEFIELD PARK, N.J., April 17, 2017 -- CCA Industries, Inc. (NYSE MKT: "CAW"), announced today its first quarter results for the period ended February 28, 2017. The results can be found on the chart below.
Total net income was $186,752 for the quarter ended February 28, 2017, down from net income of $203,369 for the quarter ended February 29, 2016. "As the Company phases out unprofitable products," Lance Funston, Chief Executive Officer commented, "we can expect reductions in net revenue. However, the Company was able to improve net income as a percent of net revenue. The month of March 2017 had stronger gross sales and exceeded both budget and March 2016 gross sales. April 2017 orders also is demonstrating a continuation of sales growth as well."
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.
Statements contained in the news release that are not historical facts are forward looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties, which would cause actual results to differ materially, from estimated results. Such risks and uncertainties are detailed in the Company's filings with the Securities and Exchange Commission. No assurance can be given that the results in any forward-looking statement will be achieved and actual results could be affected by one or more factors, which could cause them to differ materially. For these statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act.
CCA INDUSTRIES, INC.
Three Months Ended
February 28, 2017
February 29, 2016
Revenues
$ 4,269,151
$ 4,684,444
Income from Continuing Operations
$ 186,752
$ 208,940
Income (Loss) from Discontinued Operations
$ 0
$ (5,571)
Net Income
$ 186,752
$ 203,369
4.37%
4.34%
Net Earnings per Share:
Basic
Continuing Operations
$ 0.03
$ 0.03
Discontinued Operations
$ 0.00
$ 0.00
Total Earnings per Share
$ 0.03
$ 0.03
Net Earnings per Share:
Diluted
Continuing Operations
$ 0.03
$ 0.03
Discontinued Operations
$ 0.00
$ 0.00
Total Earnings per Share
$ 0.03
$ 0.03
Weighted Average Shares Outstanding:
Basic
7,006,684
7,006,684
Diluted
7,006,684
7,047,765
CCA Industries Inc. published this content on 17 April 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 20 April 2017 14:17:20 UTC.
Original documenthttp://www.ccainvestor.com/pdf/PR-20170417.pdf
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CCA Industries, Inc. manufactures and distributes health and beauty aid products. The Company conducts business as Core Care America. The Company offers skin care, oral care, brain health supplements, and beauty products sold in mass markets, chain drug, food and online through amazon.com and walmart.com. The Companyâs products include Plus White toothpastes and teeth whiteners, Bikini Zone medicated topical and shave gels, Nutra Nail nail care treatments, Porcelana skin care products, Scar Zone scar treatment products, Sudden Change anti-aging skin care products, Hair Off depilatory products, Solar Sense sun care products and Neutein brain health supplements. Its other products include Bikini Zone Creme Hair Remover, Bikini Zone Exfoliating Gel, Hair Off Hair Removal Mitten, Hair Off Facial Wax Strips, Lobe Miracle Ear Lobe Support Patches, Nutra Nail Bullet-Proof Strength, Nutra Nail Speed Dry Topcoat, Sudden Change Green Tea Facial Mask, and Sudden Change Beauty Box, among others.