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Arden Group Announces Fourth Quarter Earnings

The Arden Group, parent company of Gelson’s Markets, released its sales and income figures for its fourth quarter. For the quarter ending January 1, 2005, Arden Group Inc. reported net earnings of $3.9 million or $1.16 per diluted share on revenues of $122 million. For the full year, the company earned $34.6 million or $6.70 per diluted share on revenues of $486 million. Earnings for the fourth quarter fell by 48 percent compared to the fourth quarter of 2003 and earnings for the full year rose 36.7 percent versus 2003. Sales in the fourth quarter of 2003 were inflated due to a labor dispute at competing supermarkets, which was settled in February of 2004.

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