|ARDEN GROUP, INC. AND CONSOLIDATED SUBSIDIARIES|
|FOURTH QUARTER EARNINGS RELEASE|
|Weeks Ended||Weeks Ended||Weeks Ended||Weeks Ended|
|January 1,||January 2,||January 1,||January 2,|
|(In Thousands, Except Share, Per Share & Footnote Data)||(Unaudited)|
|Interest, dividend and other income (expense), net||8||83||188||253|
|Income before income taxes||9,183||10,683||30,331||36,289|
|Income tax provision||3,632||4,231||12,246||14,665|
|Basic and diluted net income per common share||$||1.75||$||2.03||$||5.72||$||6.84|
|Weighted average common shares outstanding||3,161,098||3,161,098||3,161,098||3,161,098|
Arden Group, Inc. (Nasdaq:ARDNA) today released its sales and income figures for the fourth quarter and fiscal year ended January 1, 2011. 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.
(a) Same store sales from the Company’s eighteen supermarkets decreased by 0.6% and 3.1% for the fourth quarter and fiscal year ended January 1, 2011, respectively, compared to the same periods of the prior year.