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 ...
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