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June 4, 2017
By: TOM BRANNA
Editor
Personal care marketer CCA Industries, Inc. reported mixed results for the fourth quarter and full year ended Nov. 30, 2016. The company posted a profit for the quarter and year, but sales slumped. On the year, net income was $1.2 million; in Q4 net income rose to $232,797. However, CCA’s fiscal 2016 sales fell nearly 20% to $19.6 million. “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....
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