Arden Q3 Sales and Earnings Decline

Arden Group, parent company of the 18-unit Gelson's Markets, reported lower sales and earnings for the third quarter and 39-week period that ended Oct. 2.

LOS ANGELES — Arden Group, parent company of the 18-unit Gelson's Markets, reported lower sales and earnings for the third quarter and 39-week period that ended Oct. 2.

Net income for the 13-week quarter fell 26% to 3.5 million, while sales dropped 2.9% to $100.3 million and same-store sales decreased 3.3%.

For the 39-week period net income fell 17.4% to $12.5 million, while sales fell 4.2% to $307 million and comps dropped 4.2%.

The company said operating incom

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