Arden Group Inc. releases sales and income figures for second quarter.LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--Aug. 12, 1996--Arden Group Inc. (NASDAQ/NMS:ARDNA) Monday Monday: see week. released its sales and income figures for the second quarters ended June June: see month. 29, 1996 and July July: see month. 1, 1995, 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 in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, . -0-
Arden Group Inc. and Consolidated Subsidiary
Second Quarter 1996(a) Second Quarter 1995(a)
Sales $ 62,864,000 $ 60,317,000 Operating income $ 1,559,000(b) $ 2,621,000 Interest, dividend and other income (expense), net (61,000)(c) 671,000 Unrealized gain (loss) on marketable securities (37,000) 427,000 Income before income taxes 1,461,000 3,719,000 Income tax provision 566,000 1,473,000 Net income $ 895,000 $ 2,246,000 Net income per common share 81 cents $ 1.71 Weighted average common shares outstanding 1,109,768 1,314,112 -0-
26 Weeks 1996(a) 26 Weeks 1995(a)
Sales $123,480,000 $120,258,000 Operating income $ 2,132,000(b) $ 4,103,000 Interest, dividend and other income (expense), net 318,000(c) 763,000 Unrealized gain (loss) on marketable securities (750,000) 1,188,000 Income before income taxes 1,700,000 6,054,000 Income tax provision 671,000 2,383,000 Net income $ 1,029,000 $ 3,671,000 Net income per common share 92 cents $ 2.79 Weighted average common shares outstanding 1,121,454 1,314,112 -0-
(a) Second quarter 1996 ended on June 29, 1996; and second quarter
1995 ended on July 1, 1995.
(b) The decrease in 1996 is primarily due to the opening of a new
store in January 1996, increased depreciation expense compared
with 1995 levels and the recognition of certain union benefit
credits in 1995 which were nonrecurring in 1996.
(c) Includes $332,000 and $532,000 less interest and dividend income
in the second quarter and 26 weeks of 1996, respectively,
compared with the same periods in 1995. Also includes realized
gains (losses) on sale of marketable securities ($111,000) in
the second quarter of 1996, compared with $130,000 in the second
quarter of 1995, and ($20,000) in the 26 weeks of 1996, compared
with ($363,000) in the 26 weeks of 1995.
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, 310/638-2842 |
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