LOS ANGELES — Arden Group, parent company of Gelson's Markets, said earnings declined and sales increased for the fourth quarter and fiscal year, which ended Dec. 31. Net income for the quarter fell 22% to $4.3 million, while sales increased 4.1% to $114.5 million. For the year net income dipped 6% to $17 million while sales rose 3% to $429.5 million. The company said the sales increases were due primarily to inflation and an increase in the number of transactions, as well as ...

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.
 

Click here to read the FAQ page if you have any questions (opens in a new window)
 

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.

Already registered? here.