Arden Group, Inc. Reports its Sales and Income Figures for the First Quarters Ended March 31, 2001 and April 1, 2000, Respectively.Business Editors LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--May 9, 2001 Arden Ar·den An unincorporated city of north-central California, a residential suburb of Sacramento. Population: 101,400. Arden, Elizabeth 1884?-1966. Group, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ARDNA) today released its sales and income figures for the first quarters ended March 31, 2001 and April 1, 2000, respectively. Arden Group, Inc. is the parent company of Gelson's Markets which operates 17 Gelson's and Mayfair May·fair A fashionable district in the West End of London, England. It was named after an annual fair held in the district until 1708. supermarkets Supermarkets, past and present, include: Transnational Originating (HQ) country first. The rest in alphabetical order.
Arden Group, Inc. and Consolidated Subsidiary
(Unaudited)
Thirteen Weeks Ended
March 31, April 1,
2001 2000
Sales $95,018,000 (a) $86,445,000
Operating income 5,084,000 (b) 5,182,000
Interest, dividend and other income
(expense), net 470,000 (c) (13,000)
Income before income taxes 5,554,000 5,169,000
Income tax provision 2,263,000 2,106,000
Net income $3,291,000 $3,063,000
Net income per common share:
Basic $0.95 $0.85
Diluted $0.95 $0.85
Weighted average common shares outstanding:
Basic 3,457,496 3,585,472
Diluted 3,460,360 3,585,472
(a) The majority of the sales increase is attributable to the opening
of new stores in Irvine and Dana Point, California in September
2000 and January 2001, respectively. Same stores sales increased
3.1% in the first quarter of 2001 compared to the same period in
the prior year.
(b) Operating income decreased primarily due to a substantial increase
in workers' compensation premiums despite our excellent experience
rate. The Company also incurred higher expenses as a percent of
sales as a result of the opening of the Irvine and Dana Point
stores, as discussed above.
(c) Other income (expense) includes a net investment gain of $77,000
in the first quarter of 2001 and a net loss of $259,000 in the
prior year.
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