Attached files
| file | filename |
|---|---|
| EX-31.1 - EXHIBIT 31.1 - BOWL AMERICA INC | ex31-1.htm |
| 10-K - FORM 10-K - BOWL AMERICA INC | bwl-a20150628_10k.htm |
| EX-31.2 - EXHIBIT 31.2 - BOWL AMERICA INC | ex31-2.htm |
| EX-32 - EXHIBIT 32 - BOWL AMERICA INC | ex32.htm |
Exhibit 20
|
For Immediate Release |
September 24, 2015 |
BOWL AMERICA REPORTS FISCAL YEAR EARNINGS
Bowl America Incorporated today reported earnings per share for its fiscal fourth quarter were $.04 and for the 2015 fiscal year were $.32. Earnings per share for the prior year fourth quarter were $.01 and were $.27 for the 2014 fiscal year.
A more detailed explanation of results is available in the Company’s Form 10-K filing available through the website www.bowlamericainc.com. Bowl America operates 18 bowling centers and its Class A common stock trades on the NYSE MKT under the symbol BWLA.
* * * *
BOWL AMERICA INCORPORATED
Results of Operations
|
Thirteen |
Thirteen |
Fifty-two |
Fifty-two |
|||||||||||||
|
Weeks Ended |
Weeks Ended |
Weeks Ended |
Weeks Ended |
|||||||||||||
|
06/28/15 |
06/29/14 |
06/28/15 |
06/29/14 |
|||||||||||||
|
Operating Revenues |
||||||||||||||||
|
Bowling and other |
$ | 3,496,787 | $ | 3,314,871 | $ | 16,308,611 | $ | 16,094,493 | ||||||||
|
Food, beverage and merchandise sales |
1,511,945 | 1,440,973 | 6,815,930 | 6,685,524 | ||||||||||||
| 5,008,732 | 4,755,844 | 23,124,541 | 22,780,017 | |||||||||||||
|
Operating expenses excluding depreciation and amortization |
4,666,279 | 4,791,628 | 19,960,091 | 20,258,255 | ||||||||||||
|
Depreciation and amortization |
267,523 | 272,690 | 1,254,541 | 1,323,276 | ||||||||||||
|
(Loss) gain on disposition of assets |
(3,854 |
) |
8,820 | (3,854 |
) |
8,820 | ||||||||||
|
Interest, dividend and other income |
119,747 | 101,397 | 494,645 | 662,693 | ||||||||||||
|
Earnings (loss) from continuing operations before taxes |
190,823 | (198,257 |
) |
2,400,700 | 1,869,999 | |||||||||||
|
Earnings (loss) earnings from continuing operations |
$ | 203,752 | $ | (28,812 |
) |
$ | 1,640,229 | $ | 1,373,168 | |||||||
|
Loss from discontinued operations-net of tax |
- | (937 |
) |
- | (2,774 |
) | ||||||||||
|
Net Earnings |
203,752 | 27,875 | 1,640,229 | 1,370,394 | ||||||||||||
|
Comprehensive Earnings |
$ | 294,399 | $ | 93,851 | $ | 1,500,514 | $ | 1,373,168 | ||||||||
|
Weighted average shares outstanding |
5,160,971 | 5,160,971 | 5,160,971 | 5,160,971 | ||||||||||||
|
Earnings per share from continuing operations |
.04 | .01 | .32 | .27 | ||||||||||||
|
Earnings per share from discontinued operations |
.00 | .00 | .00 | .00 | ||||||||||||
|
EARNINGS PER SHARE |
.04 | .01 | .32 | .27 | ||||||||||||
* * * *
SUMMARY OF FINANCIAL POSITION
Dollars in Thousands
|
06/28/15 |
06/29/14 |
|||||||
|
ASSETS |
||||||||
|
Total current assets including cash and short-term investment of $912 and $2,295 |
$ | 2,004 | $ | 3,739 | ||||
|
Property and investments |
30,058 | 30,625 | ||||||
|
TOTAL ASSETS |
$ | 32,062 | $ | 34,364 | ||||
|
LIABILITIES AND STOCKHOLDERS' EQUITY |
||||||||
|
Total current liabilities |
$ | 2,888 | $ | 2,983 | ||||
|
Other liabilities |
2,200 | 2,402 | ||||||
|
Stockholders' equity |
26,974 | 28,979 | ||||||
|
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |
$ | 32,062 | $ | 34,364 | ||||