LOS ANGELES -- Arden Group, the parent of Gelson‘s Markets here, earned $23.2 million on sales of $482.7 million for the fiscal year ended Dec. 30. Earnings increased by 17% compared with 2005, while sales for the year and the fiscal fourth quarter increased by 2.6%, the company said. Comparable-store sales were also up 2.6% for the quarter and the year. Sales growth was sparked by pricing decisions and higher customer counts, the company said. Gross profit as a percent of sales was 38.6% ...
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.