LOS ANGELES — Arden Group here, parent of the 18-unit Gelson's Markets chain, said that new labor contracts calling for reduced contributions to pension and health care funds boosted the company's profitability for the third quarter. In the 13-week period, which ended Sept. 29, Arden posted a 54% increase in net income, to $8.88 million, on a 1.1% gain in sales, to $119.43 million. Same-store sales also rose 1.1%. The company said pension and health care expenses decreased from $5.53 ...
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.