LOS ANGELES — Arden Group, parent company of Gelson's Markets, Encino, Calif., said financial results declined during the first quarter, which ended April 4. Net income fell 10.7% to $5.8 million, while sales dropped 8.4% to $108.8 million. Same-store sales also fell 8.4%. The company said sales were negatively impacted by economic conditions and increased competition, as well as by the shift of Easter from last year's first quarter to this year's second quarter. Read More of Today's Headlines
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess 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’sFREE, 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 grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.