Arden Posts 2.6% Comps in Q4

Arden Group, parent company of 18 Gelson’s Markets, said economic conditions, increased competition and increased food prices pressured sales and earnings for the 14-week fourth quarter, which ended Jan. 3, though sales and earnings increased slightly.

LOS ANGELES — Arden Group, parent company of 18 Gelson’s Markets, said economic conditions, increased competition and increased food prices pressured sales and earnings for the 14-week fourth quarter, which ended Jan. 3, though sales and earnings increased slightly.

For the quarter, which had an extra week from the prior year, net income rose 0.7% to $7.4 million, while sales increased 2.6% to $129.5 million and comparable-store sales were also up 2.6%. Net income for the year,

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