Pension-Plan Cutbacks Boost Arden's Earnings

Arden Group, parent of the 18-unit Gelson's Markets chain, said that new labor contracts calling for reduced contributions to pension and health care funds boosted the company's profitability for the third quarter. In the 13-week period, which ended Sept. 29, Arden posted a 54% increase in net income, to $8.88 million, on a 1.1% gain in sales, to $119.43 million. Same-store sales

LOS ANGELES — Arden Group here, parent of the 18-unit Gelson's Markets chain, said that new labor contracts calling for reduced contributions to pension and health care funds boosted the company's profitability for the third quarter.

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