Arden Group Inc. announced that its board of directors has declared a regular quarterly dividend of 25 cents per share of Class A Common Stock payable on January 20, 2010 to stockholders of record as of the close of business on December 31, 2009.

Arden Group Inc. reported consolidated unaudited earnings results for the third quarter and nine months ended October 3, 2009. For the quarter, sales were $103,754,000 against $114,156,000 a year ago. Operating income was $7,821,000 against $6,342,000 a year ago. Income before income taxes was $7,878,000 against $6,942,000 a year ago. Net income was $4,668,000 or $1.48 per basic and diluted share against $4,114,000 or $1.30 per basic and diluted share a year ago. For the nine months, sales were $320,452,000 against $349,588,000 a year ago. Operating income was $25,436,000 against $27,355,000 a year ago. Income before income taxes was $25,606,000 against $29,121,000 a year ago. Net income was $15,172,000 or $4.80 per basic and diluted share against $17,257,000 or $5.46 per basic and diluted share a year ago. Same store sales decreased 9.1% and 8.3% during the thirteen and thirty-nine weeks ended October 3, 2009, respectively, compared to the same periods of 2008. Sales have been negatively impacted by economic conditions and increased competition in trade area; however, the Company has implemented new marketing programs in an effort to retain and attract customers.

Arden Group Inc. declared a regular quarterly dividend of 25 cents per share of Class A common stock payable on October 20, 2009 to stockholders of record as of the close of business on September 30, 2009.