Arden Q3 Earnings Down, Sales Up

Arden Group here, corporate parent of Gelson's Markets, Encino, Calif., said that earnings declined and sales increased for the third quarter, which ended Oct. 1.

LOS ANGELES — Arden Group here, corporate parent of Gelson's Markets, Encino, Calif., said Wednesday that earnings declined and sales increased for the third quarter, which ended Oct. 1.

Net income fo the 13-week period fell 2.7% to $3.4 million, while sales rose 4.4% to $104.7 million. The company said it attributed the sales increase primarily to inflation and an increase in the number of transactions. With 18 Gelson's Markets — the same number as last year — the increase in

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