LOS ANGELES — Arden Group, parent company of the 18-unit Gelson's Markets, reported lower sales and earnings for the third quarter and 39-week period that ended Oct. 2. Net income for the 13-week quarter fell 26% to 3.5 million, while sales dropped 2.9% to $100.3 million and same-store sales decreased 3.3%. For the 39-week period net income fell 17.4% to $12.5 million, while sales fell 4.2% to $307 million and comps dropped 4.2%. The company said operating income was negatively impacted ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.