LOS ANGELES — Arden Group, parent of the 18-unit Gelson's Markets chain here, on Friday said in a filing with the Securities and Exchange Commission that competitive pressures impacted the company’s sales in 2007, offset to some degree by inflation. Net income for the 13-week fourth quarter, which ended Dec. 29, was down about 2.7%, to $7.36 million, on a sales decline of about 1%, to $126.3 million, compared with year-ago results. For the full year, net income rose 25.8%, to $29.2 million, ...
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 complimentary access to the SN salary survey data tables.
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.