Arden Group, Inc. (ARDNA), the parent company of supermarket chain Gelson's Markets, reported first-quarter net income of $2.9 million or 0.95 per share, down from $5.7 million or $1.79 per share in the same period last year.
Sales for the quarter rose to $107.2 million from $104.2 million a year ago.
Same store sales from the company's 17 supermarkets, excluding the Northridge loaction, were $104.5 million, compared to $100.8 million in the first quarter of 2011.
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