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Bowl America profit holds mostly steady YOY in fiscal Q3

Bowl America Inc. said its normalized net income for the fiscal third quarter ended March 27 amounted to 24 cents per share, compared with 24 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 $1.2 million, compared with $1.2 million in the year-earlier period.

The normalized profit margin rose to 16.5% from 16.2% in the year-earlier period.

Total revenue fell on an annual basis to $7.4 million from $7.5 million, and total operating expenses declined from the prior-year period to $5.6 million from $5.7 million.

Reported net income totaled $1.3 million, or 25 cents per share, compared to $1.3 million, or 25 cents per share, in the year-earlier period.