Ingles Markets, Black Mountain, N.C., said sales for the year ended Sept. 28 rose 6.3% to nearly $1.5 billion. Sales in the 13-week fourth quarter were up 0.4% to $380.6 million. Net income rose 21.8% to $20.7 million for the year but fell 13.6% to $5.7 million in the quarter.
to $996.2 million; same-store sales rose 1.5%.
Arden Group, Los Angeles, said sales rose to $62.9 million from nearly $61 million for the third quarter ended Sept. 28. Net income fell to $1.17 million from $1.8 million. In the 39 weeks, sales rose to $186.3 million from $181.2 million. Net income fell to $2.2 million from $5.5 million, due in part to store opening costs, higher depreciation expense and nonrecurring union benefit credits, said Arden, which has 12 Gelson's and Mayfair stores.
