Arden Group Inc. Announces Second Quarter Sales Figures.LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--Aug. 7, 1997--Arden Group Inc. (NASDAQ/NMS:ARDNA) Thursday Thursday: see week. released its sales and income figures for the second quarters ended June June: see month. 28, 1997, and June 29, 1996, respectively. Arden Ar·den An unincorporated city of north-central California, a residential suburb of Sacramento. Population: 101,400. Arden, Elizabeth 1884?-1966. Group operates 12 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
Second Second
Quarter 1997(a) Quarter 1996(a)
--------------- --------------
Sales $65,360,000 $62,864,000
Operating income $ 3,341,000(b) $ 1,559,000
Interest, dividend and other income
(expense), net 284,000 (61,000)
Net unrealized gain (loss) on
marketable securities 141,000 (37,000)
Income from continuing operations
before income taxes 3,766,000 1,461,000
Income tax provision 1,474,000 566,000
Income from continuing operations
(net of income taxes) 2,292,000 895,000
Loss from discontinued operations
(net of income tax benefits of $25) (43,000)(c)
Net income $ 2,249,000 $ 895,000
Net income (loss) per common share:
Income from continuing operations $ 2.07 $ 0.81
Loss from discontinued operations $ (0.04)
Net income (loss) per
common share $ 2.03 $ 0.81
Weighted average common shares
outstanding 1,108,999 1,109,768
-0-
26 Weeks 1997(a) 26 Weeks 1996(a)
---------------- ----------------
Sales $130,321,000 $123,480,000
Operating income $ 6,073,000(b) $ 2,132,000
Interest, dividend and other
income (expense), net 683,000 318,000
Net unrealized gain (loss) on
marketable securities (60,000) (750,000)
Income from continuing
operations before income taxes 6,696,000 1,700,000
Income tax provision 2,619,000 671,000
Income from continuing operations
(net of income taxes) 4,077,000 1,029,000
Loss from discontinued operations
(net of income tax benefits
of $1,602) (2,738,000)(c)
Net income $ 1,339,000 $ 1,029,000
Net income (loss) per common share:
Income from continuing operations $ 3.68 $ 0.92
Loss from discontinued operations (2.47)
Net income (loss) per
common share $ 1.21 $ 0.92
Weighted average common shares
outstanding 1,108,999 1,121,454
(a) Second quarter 1997 ended on June 28, 1997, and second quarter
1996, ended on June 29, 1996.
(b) Reflects sales increases and reduced expenses in 1997.
Operating income in 1996 includes pre-opening expenses, promotional
costs and other operating expenses associated with the opening of a
new Gelson's Market in February 1996.
(c) Reflects an arbitration decision adjusting the purchase price of
the sale, in 1993, of the company's communication equipment
business and arbitration-related expenses.
CONTACT: Arden Group Inc., Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. Ernest Er´nest n. 1. See Earnest. T. Klinger Klinger may refer to:
|
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion