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Bowl America fiscal Q2 profit climbs 5.6% YOY

Bowl America Inc. said its normalized net income for the fiscal second quarter ended Dec. 27, 2015, amounted to 9 cents per share, an increase of 5.6% from 9 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $489,310, an increase of 5.6% from $463,380 in the year-earlier period.

The normalized profit margin climbed to 8.1% from 7.8% in the year-earlier period.

Total revenue came to $6.0 million, compared with $6.0 million in the prior-year period, and total operating expenses totaled $5.3 million, compared with $5.3 million in the prior-year period.

Reported net income grew 5.6% from the prior-year period to $508,900, or 10 cents per share, from $481,900, or 9 cents per share.