Gelson's Q1Same Store Sales Up 2 Percent
LOS ANGELES -- Arden Group, Inc., parent company of Gelson's Markets with 18 full-service supermarkets in Southern California, saw the retailer's same store sales increase 2 percent for the furst quarter, partially driven by Passover sales which occurred in in the furst quarter of this year but the second quarter in 2006.
Sales for the quarter, which ended March 31, 2007, were $120.4 million, up from $118 million last year. Net income for the quarter was $6.5 million, up from $5.2 million last year, Arden Group said.
Sales for the quarter, which ended March 31, 2007, were $120.4 million, up from $118 million last year. Net income for the quarter was $6.5 million, up from $5.2 million last year, Arden Group said.