EAST RUTHERFORD, N.J., July 7 /PRNewswire-FirstCall/ -- CCA Industries, Inc. (Amex: CAW) declared today a dividend for the third quarter of $0.11 per share to all shareholders of record as of August 1, 2008, payable on September 1, 2008.
Revenues for the second quarter ending May 31, 2008 were $17,389,985. Net income was $790,692 and earnings per share were $0.11 fully diluted versus revenues of $18,457,562, net income of $1,292,921 and earnings per share of $0.18 fully diluted for the second quarter of 2007.
Revenue for the six months ended May 31, 2008 were $31,261,025, net income was $1,134,375 and earnings per share were $0.16 fully diluted, compared to revenues of $32,285,140, net income of $1,765,669 and earnings per share of $0.25 fully diluted for the same period in 2007.
"Net sales and earnings were somewhat lower in both the second quarter and for the first six (6) months of the 2008 fiscal year. The aforementioned was primarily due to a 10% sales reduction of the Company's Mega-T weight loss brand. The Company attributes the sales decline to the heavily advertised former prescriptive diet aid by a leading pharmaceutical company. CCA will be introducing several new unique diet aids in their fourth quarter in order to offset the recent sales decline in their Mega-T diet aid sales. In addition, the Company will be introducing a number of new SKUs to their other brands also in the upcoming third and fourth quarters," stated Dunnan Edell, President of CCA.
CCA also announces today that it has been added to the Russell Microcap
Index after the Russell Investment Group reconstituted its comprehensive
set of U.S. and global equity indexes on June 27, 2008. "Russell is an
industry leader for stock indexes, and
|SOURCE CCA Industries, Inc.|
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