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.
               
ARDEN GROUP, INC. AND CONSOLIDATED SUBSIDIARIES
FOURTH QUARTER EARNINGS RELEASE
 
 

Thirteen

Thirteen

Fifty-Two

Fifty-Two

Weeks Ended
   

Weeks Ended

Weeks Ended
   

Weeks Ended

January 1,

January 2,

January 1,

January 2,

2011

2010

2011

2010

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

(Unaudited)
 
 
Sales (a) $

110,020
$ 110,718 $ 417,065 $ 431,170
 
Operating income (b) 9,175 10,600 30,143 36,036
 
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
 
Net income $ 5,551 $ 6,452 $ 18,085 $ 21,624
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
 

(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.

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