Arden Q1 Earnings Up, Sales Down

Arden Group, parent company of Encino, Calif.-based Gelson's Markets, said earnings rose and sales declined for the first quarter ended April 2.

LOS ANGELES — Arden Group here, parent company of Encino, Calif.-based Gelson's Markets, said earnings rose and sales declined for the first quarter ended April 2.

Net income rose 11.7% to $5.7 million, while sales fell 0.6% to $104.2 million and same-store sales dropped 0.6% for the chain's 18 stores.

The company said last year's first quarter included sales from Easter and Passover, which did not occur until the second quarter this year.

Arden said it has sign

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