LOS ANGELES -- Arden Group, parent company of Gelson's and Mayfair Markets here, reported decreased sales and earnings for the third quarter ended Oct. 1. Arden's third quarter marks the first period that includes supermarket sales only. Year-ago results reflect two discontinued operations: Arden sold GPS Pool Supply last May and Telautograph Corp. in September 1993. Net income fell 69.4% to $1.3 million for the 13-week quarter and 48.6% to $3.5 million for the 39 weeks. Earnings for the ...
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