Arden Group, Inc. (Nasdaq:ARDNA) today released its sales and income figures for the third quarter ended October 2, 2010.
Arden Group, Inc. is the parent company of Gelson’s Markets which operates eighteen full-service supermarkets in Southern California carrying both perishable and grocery products.
|ARDEN GROUP, INC. AND CONSOLIDATED SUBSIDIARIES|
|THIRD QUARTER EARNINGS RELEASE|
|Thirteen Weeks Ended||Thirty-Nine Weeks Ended|
|October 2,||October 3,|
(In Thousands, Except Share, Per Share & Footnote Data)
|Interest, dividend and other income (expense), net||67||57||180||170|
|Income before income taxes||5,823||7,878||21,148||25,606|
|Income tax provision||2,369||3,210||8,614||10,434|
|Basic and diluted net income per common share||$||1.09||$||1.48||$||3.97||$||4.80|
|Basic and diluted weighted average common shares outstanding||3,161,098||3,161,098||3,161,098||3,161,098|
(a) Same store sales decreased 3.3% and 4.2% during the thirteen and thirty-nine weeks ended October 2, 2010, respectively, compared to the same periods of 2009. Sales continue to be negatively impacted by economic conditions and competition in our trade area.