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Net income rises despite lower net sales.
April 15, 2016
By: Melissa Meisel
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. CEO Lance Funston commented, “Our first quarter results show that the efforts to reduce the company's overhead are taking effect. I am pleased to note that selling, general and administrative expenses in the first quarter of fiscal 2016 decreased almost 33...
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