Arden Group Inc. Releases Sales and Income Figures for the Fourth Quarters and Years Ended Dec. 30, 2000, and Jan. 1, 2000.Business Editors LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--March 27, 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. today released its sales and income figures for the fourth quarters and years ended Dec. 30, 2000, and Jan. 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
Fourth Quarter Ended
Dec. 30, 2000 Jan. 1, 2000
Sales $96,870,000(a) $89,182,000
Operating income $5,078,000(b) $3,882,000
Interest, dividend and other income
(expense), net 390,000 488,000
Income before income taxes 5,468,000 4,370,000
Income tax provision 2,228,000 1,781,000
Net income $3,240,000 $2,589,000
Net income per common share:
Basic $0.94 $0.72
Diluted $0.94 $0.72
Weighted average common shares
outstanding:
Basic 3,457,496 3,585,472
Diluted 3,460,231 3,585,472
Fifty-Two Weeks Ended
Dec. 30, 2000 Jan. 1, 2000
Sales $359,994,000(a) $324,168,000
Operating income $19,838,000(b) $16,830,000
Interest, dividend and other
income (expense), net 1,019,000 1,009,000
Income before income taxes 20,857,000 17,839,000
Income tax provision 8,498,000 6,122,000(c)
Net income $12,359,000 $11,717,000
Net income per common share:
Basic $3.52 $3.27
Diluted $3.52 $3.27
Weighted average common shares
outstanding:
Basic 3,513,028 3,585,472
Diluted 3,515,117 3,585,472
(a) Sales increased primarily due to the opeing of two new stores in
the latter half of 1999 and one new store in Sept. 2000. Same store
sales increased 3.7% and 2.8% for the quarter and year ended Dec. 30,
2000, over the same periods of the prior year, respectively. The sales
growth also reflects the positive impact of store remodel activity.
(b) The increase in operating income in 2000 compared to 1999 reflects
higher sales and gross profit percentage partially offset by higher
operating expenses as a percent of sales.
(c) In June 1999, the California Franchise Tax Board withdrew
assessments against the Company related to its 1986 through 1989 tax
returns. As a result, the income tax provision for 1999 reflects a
$1,286,000 reduction of tax reserves.
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