ARDEN GROUP SALES INCREASE, BUT NET INCOME TAKES TUMBLE

LOS ANGELES -- Arden Group here reported sales gains for the second quarter and half ended June 29, but net income dropped for the period.% to $123.5 million from $120.3 million the year before. Same-store sales were up 2.2% for the quarter and 1.5% for the half.Net earnings fell 60.2% to $895,000 in the quarter from $2.2 million in the prior-year period. In the half, net income decreased 72% to $1.03

LOS ANGELES -- Arden Group here reported sales gains for the second quarter and half ended June 29, but net income dropped for the period.

% to $123.5 million from $120.3 million the year before. Same-store sales were up 2.2% for the quarter and 1.5% for the half.

Net earnings fell 60.2% to $895,000 in the quarter from $2.2 million in the prior-year period. In the half, net income decreased 72% to $1.03 million from $3.7 million a year earlier. The declines stemmed from a new

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