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%.

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