CCA Industries, Inc. Reports Second Quarter And First Half Fiscal 2014 Results

CCA Industries, Inc. Reports Second Quarter And First Half Fiscal 2014 Results

PR Newswire

EAST RUTHERFORD, N.J., July 22, 2014

EAST RUTHERFORD, N.J., July 22, 2014 /PRNewswire/ -- CCA Industries, Inc.
(NYSE MKT: "CAW"), announced today its second quarter and six month results
for the period ended May 31, 2014. The results can be found on the chart
below.

Richard Kornhauser, Chief Executive Officer and President of CCA Industries
said, "The ugly performance in the first half of 2014 traces directly to the
Gel Perfect color nail polish and the Company's dietary supplement brand that
has heavily weighed down the overall performance for the past 24 plus months.
The Company has discontinued the Gel Perfect brand as of the end of the
second quarter, which is reflected on the Company's consolidated statement of
operations. Efforts are underway to mitigate the dietary supplement brand's
future impact on the business."

Mr. Kornhauser continued, "The Company's core brands, principally, Plus White,
Sudden Change, Bikini Zone and Nutra Nail Treatments reaffirms the Company's
confidence that the restructuring effort and turnaround is on track. Net Sales
for all brands, other than the Gel Perfect and dietary supplement brands,
during the second quarter of 2014 was $10,555,749 as compared to $8,673,561
the same period in fiscal 2013, an increase of 21.7%. This is a result of
very positive consumer response to our new brand advertising campaign (media
and creative) with consumer sales up significantly for the second quarter
versus the same period last year for the Plus White, Sudden Change and Bikini
Zone brands. In our judgment, the results show that we continue to have
products that meet consumer needs, respond to smart marketing and advertising
efforts and, importantly, can deliver long-term shareholder value. These are
the brands that we believe will drive our Company's performance forward in a
highly positive manner."

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, "Mega-T" Green Tea diet
supplements, "Mega-T" Green Tea gum and mint products, "Bikini Zone" medicated
topical and shave gels, "Nutra Nail" nail care treatments,"Scar Zone" scar
treatment products, "Sudden Change" anti-aging skin care products, "Solar
Sense" sun protection products, and "Pain Bust RII" an analgesic product.

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
                               May 31, 2014            May 31, 2013
Revenues                       $    8,769,567       $    10,679,745
(Loss) Income from Continuing  $   (1,678,514)      $      486,563
Operations
Loss on Discontinued           $   (2,458,192)      $     (643,399)
Operations
Net Loss                       $   (4,136,706)      $     (156,836)
Earning per Share:
Basic
Continuing Operations          $        (0.24)  $         0.07
Discontinued Operations        $        (0.35)  $        (0.09)
(Loss)                         $        (0.59)  $        (0.02)
Earning per Share:
Diluted
Continuing Operations          $        (0.24)  $         0.07
Discontinued Operations        $        (0.35)  $        (0.09)
(Loss)                         $        (0.59)  $        (0.02)
Weighted Average Shares
Outstanding:
Basic                          7,006,684               7,054,442
Diluted                        7,006,684               7,054,442
                               Six Months Ended
                               May 31, 2014            May 31, 2013
Revenues                       $    16,267,775     $    19,965,672
Loss from Continuing           $    (2,620,694)    $      (898,756)
Operations
Loss on Discontinued           $    (2,755,577)    $      (273,470)
Operations
Net Loss                       $    (5,376,271)    $    (1,172,226)
Earning per Share:
 Basic
Continuing Operations          $               $        
                               (0.37)                 (0.13)
Discontinued Operations        $               $        
                               (0.39)                 (0.04)
(Loss)                         $               $        
                               (0.76)                 (0.17)
Earning per Share:
 Diluted
Continuing Operations          $               $        
                               (0.37)                 (0.13)
Discontinued Operations        $               $        
                               (0.39)                 (0.04)
(Loss)                         $               $        
                               (0.76)                 (0.17)
Weighted Average Shares
Outstanding:
Basic                          7,006,684               7,054,442
Diluted                        7,006,684               7,054,442





SOURCE CCA Industries, Inc.

Website: http://www.ccaindustries.com
Contact: Company Contact: Stephen A. Heit, 800 524-2720, ext. 183
 
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