ARDEN NET FALLS 49% IN FIRST QUARTER

LOS ANGELES -- Arden Group here, parent company of Gelson's and Mayfair Markets, said net income for the first quarter ended April 2 fell 49% to $547,000.ales increased 4.8% to $63.2 million. Sales volume at the eight Gelson's and four Mayfair Markets, which account for 96% of company sales, increased 5%.Arden attributed a portion of the sales increase to the timing of Easter and Passover holidays,

LOS ANGELES -- Arden Group here, parent company of Gelson's and Mayfair Markets, said net income for the first quarter ended April 2 fell 49% to $547,000.

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