This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Arden Group, Inc. Announces Third Quarter Earnings

Arden Group, Inc. (Nasdaq:ARDNA) today released its sales and income figures for the third quarter ended September 29, 2012.

Arden Group, Inc. is the parent company of Gelson’s Markets which currently operates 17 full-service supermarkets in Southern California carrying both perishable and grocery products.

ARDEN GROUP, INC. AND CONSOLIDATED SUBSIDIARIES

THIRD QUARTER EARNINGS RELEASE

(UNAUDITED)
     

Thirteen Weeks Ended

Thirty-Nine Weeks Ended

September 29,
 

October 1,

September 29,
 

October 1,

2012

2011

2012

2011

(In Thousands, Except Share, Per Share & Footnote Data)

 

 

 

 

Sales

(a)
$ 108,150 $ 104,706 $ 323,076 $ 314,980
 

Operating income

(b)
8,541 5,646 21,674 19,153

Interest, dividend and other income (expense), net

(c)
25 28 73 2,238
 
Income before income taxes 8,566 5,674 21,747 21,391
Income tax provision 3,491 2,313 8,861 8,717
 
Net income $ 5,075 $ 3,361 $ 12,886 $ 12,674
 

Basic and diluted net income per common share

(d)
$ 1.65 $ 1.09 $ 4.20 $ 4.09

Basic and diluted weighted average common shares outstanding

(d)
3,071,000 3,071,000 3,071,000 3,101,693
 

(a) In 2011, the Company operated 18 full-service supermarkets in Southern California through its wholly-owned subsidiary, Gelson’s Markets (Gelson’s). On February 25, 2012, Gelson’s closed its store located in Northridge, California. On May 1, 2012, the Northridge store lease was assigned to a third party and Gelson’s was released from all obligations under the lease by the landlord. In return, Gelson’s paid the assignee a lease assignment fee of $1,850,000 during the second quarter of 2012 and transferred various items of equipment to the assignee.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,374.76 +23.38 0.14%
S&P 500 1,951.13 +2.27 0.12%
NASDAQ 4,733.4970 -16.4820 -0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs