Bowl America Inc. said its normalized net income for the fiscal second quarter ended Dec. 28, 2014, came to 9 cents per share, a gain of 31.2% from 7 cents per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $463,380, a gain of 31.2% from $353,210 in the year-earlier period.
The normalized profit margin climbed to 7.8% from 5.9% 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 declined on an annual basis to $5.3 million from $5.5 million.
Reported net income rose 31.2% on an annual basis to $481,900, or 9 cents per share, from $367,340, or 7 cents per share.
