Health Care Costs Hit Arden Profits

LOS ANGELES — Arden Group here, parent of the 18-unit Gelson's Markets chain, on Thursday said increases in health and welfare payments in the fourth quarter eroded profitability, as the company posted a 14% decline in net income, to about $5.6 million.

LOS ANGELES — Arden Group here, parent of the 18-unit Gelson's Markets chain, on Thursday said increases in health and welfare payments in the fourth quarter eroded profitability, as the company posted a 14% decline in net income, to about $5.6 million.

Sales for the 13-week fourth quarter, which ended Jan. 1, were down 0.6%, to about $110 million, and same-store sales fell by the same percen

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