Arden Group's Gelson's Ups Same-Store Sales in Spite of Late Easter
LOS ANGELES -- Arden Group, Inc. parent company of Gelson's Markets which operates 18 full-service supermarkets in Southern California, saw a same-store sales increase of 1.8 percent for its fiscal Q1, even with the late 2006 Easter holiday.
Sales for the quarter were $118.05 million, compared to $115.97 million, last year, though net income for the quarter dropped to $5.22 million or $1.59 per share, compared to $5.48 million or $1.62 per share last year.
Sales for the quarter were $118.05 million, compared to $115.97 million, last year, though net income for the quarter dropped to $5.22 million or $1.59 per share, compared to $5.48 million or $1.62 per share last year.