Arden Group Posts Q3 Gains

LOS ANGELES — Arden Group, parent company of Gelson's Markets, said Tuesday's financial results for the third quarter were stronger than in the prior year.

Net income for the quarter, which ended Sept. 29, rose 51% to $5.1 million, with sales increasing 3.3% to $108.2 million and comparable-store sales up 5.8%. For the 39-week period, net income rose 1.7% to $12.9 million, while sales grew 2.6% to $323.1 million and comps were up 4.5%.

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