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Bowl America fiscal Q1 loss narrows YOY

Bowl America Inc. said its normalized net income for the fiscal first quarter ended Sept. 27 amounted to a loss of 3 cents per share, compared with a loss of 6 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 a loss of $157,360, compared with a loss of $302,640 in the prior-year period.

The normalized profit margin climbed to negative 2.9% from negative 6.5% in the year-earlier period.

Total revenue rose 6.3% on an annual basis to $4.9 million from $4.6 million, and total operating expenses totaled $5.3 million, compared with $5.3 million in the year-earlier period.

Reported net income totaled a loss of $148,080, or a loss of 3 cents per share, compared to a loss of $314,720, or a loss of 6 cents per share, in the prior-year period.