Gelson's Sales, Earnings Down in Q2

Arden Group, parent company of Gelson's Markets, reported declines in earnings and sales for the fiscal second quarter and first half, which ended July 4.

LOS ANGELES — Arden Group, parent company of Gelson's Markets, reported declines in earnings and sales for the fiscal second quarter and first half, which ended July 4.

Net income for the 13-week quarter fell 29.4% to $4.7 million, while sales and same-store sales dropped 7.5% to $107.9 million. For the 26-week period net income decreased 20.1% to $10.5 million, while sales and same-store sales fell 8% to $216.9 million.

The company said sales "continue to be negatively

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