Arden Posts Q1 Declines in Sales, Profit

Arden Group, parent company of Gelson's Markets, Encino, Calif., said financial results declined during the first quarter, which ended April 4. Net income fell 10.7% to $5.8 million, while sales dropped 8.4% to $108.8 million. Same-store sales also fell 8.4%.

LOS ANGELES — Arden Group, parent company of Gelson's Markets, Encino, Calif., said financial results declined during the first quarter, which ended April 4. Net income fell 10.7% to $5.8 million, while sales dropped 8.4% to $108.8 million. Same-store sales also fell 8.4%.

The company said sales were negatively impacted by economic conditions and increased competition, as well as by the shift of Easter from last year's first quarter to this year's second quarter.

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