8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported):  August 7, 2007

Arden Group, Inc.

(Exact Name of Registrant as Specified in its Charter)

Delaware
(State or Other Jurisdiction of Incorporation)

0-9904	95-3163136
(Commission File Number)	(IRS Employer Identification No.)
2020 S. Central Avenue
Compton, California	90220
(Address of Principal Executive Offices)	(Zip Code)

(310) 638-2842

(Registrant’s Telephone Number, Including Area Code)

No Change

(Former name or former address, if changed since last Report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02.  Results of Operations and Financial Condition.

On August 7, 2007, the registrant issued a press release announcing its results of operations for the quarter ended June 30, 2007.  A copy of the press release is being furnished as Exhibit 99.1 to this Current Report on Form 8-K and is hereby incorporated in this Item 2.02 by reference thereto.

The information in this Form 8-K and the Exhibit attached hereto shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (Exchange Act) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in filings under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.

Item 9.01.  Financial Statements and Exhibits.

(d)  Exhibits.

99.1 Press Release dated August 7, 2007

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		ARDEN GROUP, INC.
		(Registrant)
Date: August 7, 2007	By:	/s/BERNARD BRISKIN
	Name:	Bernard Briskin
	Title:	Chairman of the Board, President
		and Chief Executive Officer

EXHIBIT INDEX

Exhibit Number	Description
99.1	Press release.

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EX-99.1

Exhibit 99.1

Arden Group, Inc.

CONTACT:	Patricia S. Betance
	Assistant Secretary

TELEPHONE:	310/638-2842	FOR IMMEDIATE RELEASE
	NASDAQ/NMS-ARDNA	SOUTHERN CALIFORNIA

Arden Group, Inc. Announces Second Quarter Earnings

LOS ANGELES, CA August 7, 2007 – Arden Group, Inc. (Nasdaq–ARDNA) today released its sales and income figures for the second quarter ended June 30, 2007.

Arden Group, Inc. is the parent company of Gelson’s Markets which operates 18 full-service supermarkets in Southern California carrying both perishable and grocery products.

(TABULAR INFORMATION ATTACHED)

Post Office Box 512256, Los Angeles, California 90051-0256 (310) 638-2842

2020 South Central Avenue, Compton, California 90220 FAX: (310) 631-0950

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ARDEN GROUP, INC. AND CONSOLIDATED SUBSIDIARIES

SECOND QUARTER EARNINGS RELEASE

(UNAUDITED)

		Thirteen Weeks Ended				Twenty-Six Weeks Ended
		June 30, 2007		July 1, 2006		June 30, 2007		July 1, 2006
Sales	(a)	$	119,823,000	$	119,114,000	$	240,253,000	$	237,167,000
Operating Income	(b)	10,188,000		7,353,000		19,814,000		15,779,000
Interest and dividend income	(c)	783,000		508,000		1,362,000		897,000
Income before income taxes		10,971,000		7,861,000		21,176,000		16,676,000
Income tax provision		4,470,000		3,203,000		8,209,000		6,795,000
Net income		$	6,501,000	$	4,658,000	$	12,967,000	$	9,881,000
Basic and diluted net income per common share	(d)	$	2.05	$	1.44	$	4.10	$	3.04
Basic and diluted weighted average common shares outstanding	(d)	3,161,098		3,229,429		3,161,098		3,254,932

(a)	Same store sales increased 0.6% and 1.3% during the thirteen and twenty-six weeks ended June 30, 2007, respectively, compared to the same periods of 2006. The first quarter of 2007 included Passover sales which occurred in the second quarter of 2006 resulting in a lower year over year increase in same store sales for the second quarter of 2007.
(b)	Operating income for the second quarter of 2007 and 2006 includes compensation expense related to stock appreciation rights (SARs) of $433,000 and $1,832,000, respectively. SARs compensation expense for the first half of 2007 and 2006 totaled $1,254,000 and $2,420,000, respectively.
(c)	Interest and dividend income increased during the thirteen and twenty-six weeks ended June 30, 2007 compared to the same periods of the prior year due to an increase in cash levels and higher interest rates in 2007.
(d)	During January and February of 2006, the Company purchased 149,573 shares of Class A Common Stock in unsolicited private transactions with unrelated parties for an aggregate purchase price of approximately $12,481,000. As a result of these purchases and a purchase in December 2006 of 68,331 shares for approximately $7,518,000, the weighted average shares outstanding of Class A Common Stock used in computing net income per common share decreased for the thirteen and twenty-six weeks ended June 30, 2007 when compared to the same periods of 2006. The reduction in shares outstanding contributed to the increase in net income per common share on a comparative basis.

Arden Group, Inc.

2020 South Central Avenue, Compton, California  90220

Telephone:  (310) 638-2842    Facsimile:  (310) 631-0950

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