Skin care brands help drive CCA Industries' Q3 revenue

EAST RUTHERFORD, N.J. — CCA Industries, a maker of health and beauty aids, posted an increase in third-quarter revenues fueled by the strength of its Bikini Zone and Sudden Change skin care brands, which were supported with national TV advertising during the quarter.



Total revenue from continuing operations for the third quarter of fiscal 2014 was $8.02 million, up 11.7% versus the prior-year quarter. Net sales of its health and beauty aid business for the third quarter were $7.81 million, an increase of 8.6% versus the prior-year quarter.

Revenue growth for the quarter was led by the continued strength of its skin care business (Bikini Zone and Sudden Change), up 22.4% over the same quarter last year. Both brands were supported with national television advertising during this period as part of the company's enhanced 2014 media program.  



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. Both of these brands are reported as discontinued operations.



Net income of both continuing and discontinued operations in the third quarter of fiscal 2014 was $688,111, compared with a net operating loss of $792,892 in the same quarter last year due to a reduction in SG&A costs.



"We are encouraged by the performance of our core brands during this period, but believe we have more work to do to achieve sustained positive brand and company performance. We are committed to leveraging the power of our brands, together with the talent that our management team, employees and board of directors offer to propel sustained success and drive an increase in shareholder value. We believe the working capital loan closed on Sept. 5, 2014 will help us meet our company's goals,” said Richard Kornhauser, CEO and president of CCA Industries.