LOS ANGELES — Arden Group, parent company of 18 Gelson's Markets, said earnings declined and sales increased for the second quarter and first half, which ended July 2. Net income for the 13-week quarter fell 9% to $3.6 million, while sales climbed 4% to $106 million and same-store sales rose 4%. For the half, net income was down 2.6% to $9.3 million, while sales increased 1.7% to $210.3 million and same-store sales increased 1.7%. The company said second-quarter sales benefitted from the ...
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.