ARDEN REPORTS VOLUME IS UP, PROFIT DOWN IN 4TH QUARTER, YEAR

LOS ANGELES -- Arden Group here, parent company of Gelson's and Mayfair Markets, said sales rose and earnings declined for the year and fourth quarter ended Dec. 28. me declined 19.5% to $1.3 million, while sales rose 6.3% to $65.6 million. Same-store sales for the quarter rose 0.5%, the company said.The company said the earnings declines were due to the opening of a new store in January 1996, increased

LOS ANGELES -- Arden Group here, parent company of Gelson's and Mayfair Markets, said sales rose and earnings declined for the year and fourth quarter ended Dec. 28.

me declined 19.5% to $1.3 million, while sales rose 6.3% to $65.6 million. Same-store sales for the quarter rose 0.5%, the company said.

The company said the earnings declines were due to the opening of a new store in January 1996, increased depreciation expense and the recognition of certain union benefit credits

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