UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
Quarterly Report Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Quarter Ended March 31,September 29, 2002 Commission file Number 0-1830
BOWL AMERICA INCORPORATED
(Exact name of registrant as specified in its charter.)
MARYLAND 54-0646173
(State of Incorporation) (I.R.S. Employer Identification No.)
6446 Edsall Road, Alexandria, Virginia 22312
(Address of principal executive offices) (Zip Code)
(703)941-6300
Registrant's telephone number, including area code
Indicate by check mark whether the registrant (1) has filed
all reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months
(or for such shorter period that the registrant was required to
file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
YES [X] NO [ ]
Indicate the number of shares outstanding of each of the issuer's
classes of common stock, as of the latest practical date:
Shares Outstanding at
April 28,October 27, 2002
Class A Common Stock, 3,657,3763,666,351
$.10 par value
Class B Common Stock 1,483,620
$.10 par value
PART I - FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS
BOWL AMERICA INCORPORATED AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF EARNINGS
PART I - FINANCIAL INFORMATION(Unaudited)
Thirteen Weeks Ended
Thirty-nine Weeks Ended
March 31, April 1, March 31, April 1,September 29, September 30,
2002 2001
2002 2001
_______________________ ___________________________________________________
Operating Revenues
Bowling and other $6,343,476 $6,465,529 $16,367,505 $16,344,999$4,278,984 $4,476,816
Food, beverage and merchandise sales 2,652,796 2,647,759 6,929,940 6,737,8171,847,018 1,957,225
_________ _________
__________ __________
8,996,272 9,113,288 23,297,445 23,082,8166,126,002 6,434,041
Operating Expenses
Compensation and benefits 3,445,331 3,320,547 9,791,895 9,538,1423,148,325 3,133,373
Cost of bowling and other 1,530,203 1,477,447 4,472,522 4,293,6961,495,479 1,487,442
Cost of food,beverage and mdse sales 847,715 837,795 2,356,453 2,181,949613,350 717,100
Depreciation and amortization 436,758 487,994 1,325,950 1,469,833441,152 452,434
General and administrative 201,206 464,525 649,817 908,843171,588 172,030
_________ _________
__________ __________
6,461,213 6,588,308 18,596,637 18,392,4635,869,894 5,962,379
Operating Income 2,535,059 2,524,980 4,700,808 4,690,353256,108 471,662
Interest and dividend income 175,713 186,524 446,813 760,538115,436 132,976
_________ _________ __________ __________
Earnings before provision
for income taxes 2,710,772 2,711,504 5,147,621 5,450,891371,544 604,638
Provision for income taxes 973,172 973,500 1,848,000 1,956,900Income Taxes 134,127 217,065
_________ _________
__________ __________
Net Earnings $1,737,600 $1,738,004 $ 3,299,621237,417 $ 3,493,991387,573
Earnings per share-
basic andshare-basic & diluted $.33 $.33* $.64 $.66*$ .05 $ .08
Weighted average shares outstanding 5,146,828 5,178,010* 5,128,095 5,262,055*5,149,996 5,086,221
Dividends paid $592,044 $575,417 $1,779,882 $1,693,210$618,000 $592,662
Per share, Class A $.12 $.115 $.11* $.345 $.32*
Per share, Class B $.12 $.115
$.11* $.345 $.32*
*Restated for 5% stock dividend paid July 26, 2001.
CONSOLIDATED STATEMENTSTATEMENTS OF COMPREHENSIVE EARNINGS
Net earnings $1,737,600 $1,738,004Earnings $237,417 $ 3,299,621 $ 3,493,991387,573
Other comprehensive earnings net of tax
Unrealized loss(loss) gain on
available-for-sale securities (537,358) (199,634) (745,064) (1,731,104)
_________ _________ _________ _________(731,250) 199,713
_______ _______
Comprehensive (loss) earnings $1,200,242 $1,538,370$(493,833) $ 2,554,557 $ 1,762,887587,286
The operating results for thesethe thirteen (13) and thirty-nine (39) week periodsperiod ending September 29,
2002, are not necessarily indicative of results to be expected for the year.
See notes to consolidated financial information.
-2-statements.
BOWL AMERICA INCORPORATED AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Unaudited)
March 31,September 29, 2002 July 1, 2001
_______________June 30, 2002
__________________ _____________
ASSETS
Current Assets
Cash and cash equivalents $ 3,181,9792,568,043 $ 1,338,4201,633,817
Short-term investments 8,736,616 6,236,6657,159,884 8,183,932
Inventories 532,937 720,505768,115 541,027
Prepaid expenses and other 1,111,547 867,938531,364 479,289
Income taxes refundable - 449,093566,641 699,768
__________ __________
Total Current Assets 13,563,079 9,612,62111,594,047 11,537,833
Property, Plant and Equipment
less accumulated depreciation of
$27,285,698$27,437,243 and $26,598,008 20,807,076 21,078,785$26,996,091 20,282,864 20,505,586
Other Assets
Marketable equity securities 5,034,288 6,216,9282,797,952 3,990,248
Cash surrender value-life insurance 414,203 411,411434,040 431,249
Other long-term assets 117,338 278,12162,768 97,662
__________ __________
TOTAL ASSETS $39,935,984 $37,597,866$35,171,671 $36,562,578
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Accounts payable $ 678,206564,720 $ 1,071,563701,671
Accrued expenses 1,135,465 934,274
Income taxes payable 214,970 -696,323 749,245
Other current liabilities 2,520,793 400,889708,599 369,027
__________ __________
Total Current Liabilities 4,549,434 2,406,7261,969,642 1,819,943
Long-Term Deferred Compensation 132,496 132,496
Noncurrent Deferred Income Taxes 2,051,398 2,488,000
_________1,499,194 1,928,000
__________ _________
TOTAL LIABILITIES 6,600,832 4,894,7263,601,332 3,880,439
__________ __________
Stockholders' Equity
Preferred stock,
par value $10 a share: Authorized
and unissued 2,000,000 shares
Common stock,
par value $.10 per share
Authorized 10,000,000 shares
Class A issued and outstanding -
3,657,3763,666,376 and 3,491,9763,666,376 shares 365,737 349,197366,638 366,638
Class B issued and outstanding -
1,483,620 and 1,416,427 shares 148,361 141,6431,483,620 148,362 148,362
Additional paid-in capital 7,545,902 5,075,7547,603,679 7,603,646
Accumulated other comprehensive
earnings - Unrealized gain on
available-for-
saleavailable-for-sale securities,
net of tax 2,682,407 3,427,4711,311,812 2,043,062
Retained earnings 22,592,745 23,709,07522,139,848 22,520,431
__________ __________
TOTAL STOCKHOLDERS' EQUITY $33,335,152 $32,703,140$31,570,339 $32,682,139
TOTAL LIABILITIES AND STOCKHOLDERS'
EQUITY $39,935,984 $37,597,866
$35,171,671 $36,562,578
See notes to consolidated financial information.statements.
-3-
BOWL AMERICA INCORPORATED
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
FOR THE THIRTY-NINETHIRTEEN WEEKS ENDED MARCH 31,SEPTEMBER 29, 2002 AND APRIL 1,SEPTEMBER 30, 2001
March 31, April 1,September 29, September 30,
2002 2001
Cash Flows From Operating Activities:
Net earnings $3,299,621 $ 3,493,991237,417 $ 387,573
Adjustments to reconcile net
earnings to net cash provided
by operating activitiesactivities:
Depreciation and amortization 1,325,950 1,469,833441,152 452,434
Changes in assets and liabilities
Increase in inventories (227,088) (66,891)
(Increase)decrease in prepaid and other (51,935) 134,587
Decrease in inventories 187,568 89,454
Increase in prepaid expenses & other (243,609) (259,624)income taxes refundable 133,127 163,065
Decrease in other long-term assets 157,991 40,41332,103 25,348
Decrease in accounts payable (136,951) (498,218)
(Decrease) increase in accounts payable (393,357) 242,360
Increase in accrued expenses 201,191 145,562
Increase in income taxes payable 664,063 236,408(52,922) 37,854
Increase in other current liabilities 2,120,878 2,118,490339,572 277,250
_________ _________
Net cash provided by
operating activities $7,320,296 $ 7,576,887714,475 $ 913,002
_________ _________
Cash flows from investing activities
Expenditures for property,plant,equip (1,054,241) (3,182,895)(218,430) (329,052)
Net sales and& maturities (purchases) of short-term
investments (2,499,951) 352,5481,056,181 253,220
_________ _________
Net cash used inprovided by (used in)
investing activities (3,554,192) (2,830,347)837,751 (75,832)
_________ _________
Cash flows from financing activities
Payment of cash dividends (1,779,882) (1,693,210)
Purchase of Common Stock (142,663) (2,091,111)(618,000) (592,662)
_________ _________
Net cash used in financing activities (1,922,545) (3,784,321)(618,000) (592,662)
_________ _________
Net Increase in Cash and Cash
Equivalents 1,843,559 962,219934,226 244,508
Cash and Equivalents, Beginning of YearQtr 1,633,817 1,338,420 1,523,242
_________ _________
Cash and Equivalents, End of Period $3,181,979 $ 2,485,461Quarter $2,568,043 $1,582,928
Supplemental Disclosures of Cash Flow Information
Cash paid during the period for
Income taxes $1,183,963 $ 1,721,823
1,000 $ 54,000
See notes to consolidated financial information.statements.
-4-
BOWL AMERICA INCORPORATED AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
For the Thirty-nineThirteen Weeks Ended
March 31,September 29, 2002
1. Consolidated Financial StatementsBasis for Presentation
The accompanying unaudited consolidated financial statements of
Bowl America Incorporated and subsidiaries (the "Company"), have been
prepared pursuant to the rules and regulations of the Securities and
Exchange Commission. The consolidated balance sheet as of July 1, 2001June 30,
2002, has been derived from the Company's July 1, 2001June 30, 2002 audited financial
statements. Certain information and note disclosures normally included
in the annual financial statements, prepared in accordance with accounting
principles generally accepted in the United States of America, have
been condensed or omitted pursuant to those rules and regulations,
although the Company believes that the disclosures made are adequate
to make the information presented not misleading.
In the opinion of management, the accompanying unaudited consolidated
financial statements reflect all adjustments and reclassifications (all
of which are of a normal, recurring nature) that are necessary for the
fair presentation for the periods presented. It is suggested that these
consolidated financial statements be read in conjunction with the
consolidated financial statements and notes thereto included inwith the
Company's latest annual report to the Securities and Exchange Commission
on Form 10-K for the year ended July 1, 2001.June 30, 2002.
2. Marketable Equity Securities
Marketable equity securities are carried at fair value in accordance
with the provisions of SFAS No. 115.
The telecommunications stocks included in the portfolio as of
March 31,September 29, 2002 were:
16,835 shares of AT&T Wireless
2,209 shares of Agere
3,946 shares of Alltel
669 shares of Avaya
27,572 shares of Bell South
8,028 shares of Lucent Technologies
9,969 shares of Qwest Communications
45,580 shares of SBC
32,000 shares of SprintFonSprintFON
16,000 shares of SprintPCS
18,784 shares of Verizon
13,560 shares of Vodafone/Airtouch
-5-3. Commitments and Contingencies
In August 2002, the Company signed an agreement with Brunswick Corpora-
tion for approximately $597,000 for the purchase of bowling equipment for
three locations. The Company is scheduled to receive delivery of all assets
during the second quarter of fiscal 2003.
ITEM 2. BOWL AMERICA INCORPORATED MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
AND RESULTS OF OPERATIONS
March 31,September 29, 2002
Liquidity and Capital Resources
Short-term investments consisting mainly of U.S. Treasury Bills
and Notes, cash and cash equivalents totaled $11,918,000$9,728,000 at the end
of the thirdfirst quarter of fiscal 20022003 or $2,768,000 higher$90,000 lower than at the
beginning of the quarter.
The increased funds resulted primarily from operations,
which reflectsIn the seasonal nature of the business.
During the nine-monththree-month period ended September 29, 2002, the Company expended approximatley $1,100,000made
purchases of equipment to modernize facilities and amusement games.
Additional orders for the purchase of bowling equipment and amusement games as existing
locations are upgraded.totaling approximately $597,000
have been placed. The Company is actively seeking property for the
development of additional
bowling centers.locations. Cash and cash flow are sufficient to finance all currently
plannedcontemplated purchases and construction. The Company's
holdings ofCompany has also maintained
its fiscal year end 2002 position in marketable equity securities,
consisting ofprimarily telecommunications stocks, is another potentialas a further source of expansion
capital.
These marketable securities are carried at their fair value on the last day
of the quarter. For the three-month period ending March 31,ended September 29, 2002, the
market value decreased by $900,000$1,192,000 to approximately $5,000,000.
Current liabilities include $2 million in league deposits of prize fund
monies which are returned to the leagues at the end of the bowling season,
generally during the fourth quarter.$2,800,000.
While no factors requiring a change in the dividend rate are apparent,
the Board of Directors decides the amount and timing of any dividend
at its quarterly meeting based on its appraisal of the state of the
business and its estimate of future opportunities.
The Company paid a 5% stock dividend on both JulyOn September 26, 2001 and July 26, 2000.
All applicable share and per share data in prior periods have been restated
for the effect of the stock dividends.
On March 19, 2002, the CompanyBoard of Directors declared a cash dividend
of $.115$.12 per share on its Class A and Class B Common Stock, payable on May 15, 2002stock to share- holders of record ason
October 16, 2002, payable November 14, 2002.
Results of April 24, 2002.
During the fourth quarter ofOperations
Two leased locations were closed in fiscal 2002 the Company will close a center at the end of its lease astheir leases.
During the quarter ended September 30, 2001, a center operating at
break-even was closed, and in May 2002, after the Company was unable to
negotiate a new lease.
Results of Operations
During the first quarter oflease, a profitable location ceased operation. In fiscal
2002,2001 a center operating at break-evenlocation was closed at the end of its lease. The Company also closed a leased location
in the second quarter of fiscal 2001. Thefirst quarter. These changes
in the number of operating centers
in operation affected all income, expenseexpenses and
comparisons for the periods presented in this report.
ThereNet earnings were net earnings of $.33$.05 per share for both the thirteen-week periodsperiod ended
March 31,September 29, 2002 and April 1, 2001. For the current thirty-nine week
period net earningsversus $.08 per share were $.64 compared to $.66 for the comparablethirteen-week period
a year ago.
-6-
ended September 30, 2001.
Operating revenues decreased 1%by 5% for the current three-month period ended March 31,
2002 versus
ana slight increase of 5% in the comparable period a year ago. For the
current nine-month period operating revenues were up 1% versus a 5% increase
in the prior year nine-month period. Food, beverage and
merchandise sales were flatdown 6% in the quarter ended March 31, 2002,current three-month period and up 3%5%
in the nine-monthprior year period. Cost of sales wasCosts were down due to the lower sales.
At comparable locations, operating revenues were up 1%approximately 2% for the
three-month period ended September 29, 2002 primarily as a result of a 3%
increase in food and 8% in the
nine-month period ended March 31, 2002.beverage sales at those same centers.
Operating expenses excluding depreciation and amortization decreased 1%
in the current three-month period but were up 2% throughversus a 3% increase in the nine-month
period.comparable
period last year. In the current year quarter, advertising expenses
decreased 14% from the prior year the three-month period was up 10% and the
nine-month period showedquarter. Last year,advertising costs
increased 24% as a result of an increase of 7% in expenses.advertising campaign supporting a remodeled
location. Employee compensation and benefits were up 4%slightly in the
current year and up 1% in the prior year quarter.
Supplies and services expenses increased 8% in this year's three-month
period in part due to installing new masking unit graphics at several
locations. Utility costs were down 11% in the current quarter and 3%up 2%
in the nine-month
period. Overtime pay and a still tight labor market during our busy season
were the main causes for the increases.
Advertising costs during the quarter ended March 31, 2002, decreased 35%
compared to the prior year quarter. Last year the Company acquired a second
"Rolling Bowling" trailer. These tractor-trailers, containing a working
bowling lane and pinsetter, are used at fairs, schools and other events to
promote bowling. The higher expense in advertising last year was primarily
due to the cost of preparing both trailers for the new season. Utility costs
for the current quarter were down 3% versus an increase of 6% in last year's
quarter. For the nine-month period ending March 31, 2002, utility costs were
flat compared to an increase of 2% for the comparable prior year period.
General and administrative expenses decreased significantly in the current
three-month and nine-month periods from the prior year periods. Last year
the Company was defending a lawsuit brought by a former employee, which
commenced during the first quarter of fiscal year 2001 and was decided in
the Company's favor in the fourth quarter of fiscal 2001.
Depreciation and amortization expense decreased 10%2% in the year-to-datecurrent year
period versus a decrease of 11%and 8% in the comparable prior year period. Severalperiod last year. In addition to
operating fewer centers, several large capital assets have reached full
depreciation. Rent expense for the
nine-months ended March 31, 2002 was down 5%12% in the current year's three-month
period and 7% in the prior year period due to the closingclosings, mentioned above,
of a leased center mentioned above. Rentlocations.
Insurance expense was up 47% in the priorcurrent year quarter versus an increase
of 10% in last year's comparable period
decreased 25% afterquarter. Insurance premiums at renewal
increased dramatically due in large part to the closing of a leased location and the purchase of a
formerly leased center. Insurance expense increased approximately 20%
through the nine-month period ended March 31, 2002 primarily due to an
increase in premiums as a result of thecatastrophic events of
September 11.11, 2001.
Critical Accounting Policies
Critical accounting policies have the potential to have an impact on the
Company's financial statements, either because of the significance of the
financial statement item to which they relate, or because they require
judgment and estimation due to the uncertainty involved in measuring at a
specific point in time, events that are continuous in nature. Due to the
nature of its business, the Company has no accounting policies that it
considers to be critical to the understanding of the Company's financial
reporting.
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISKQuantitative and Qualitative Disclosure About Market Risk
Not applicable
-7-ITEM 4. Controls and Procedures
The Company's Chief Executive Officer and Chief Financial Officer
have concluded that the Company's disclosure controls and procedures are
effective based on their evaluation of such controls and procedures as of a
date within 90 days prior to the filing of this report. There were no
significant changes in internal controls or in other factors that
significantly affect internal controls subsequent to the date of their most
recent evaluation.
BOWL AMERICA INCORPORATED AND SUBSIDIARIES
S.E.C. FORM 10-Q
March 31,September 29, 2002
PART II - OTHER INFORMATION
Item 6 -ITEM 6. Exhibits and Reports on Form 8-K
(a) Exhibits
None99.1 Written statement of Chief Executive Officer
99.2 Written statement of Chief Financial Officer
(b) Reports on Form 8-K None
BOWL AMERICA INCORPORATED AND SUBSIDIARIES
SIGNATURES
Pursuant to the requirement of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.
BOWL AMERICA INCORPORATED
Registrant
May 14,November 13, 2002 Leslie H. Goldberg
Date Leslie H. Goldberg
President
May 14,November 13, 2002 Cheryl A. Dragoo
Date Cheryl A. Dragoo
Controller
-8-
CERTIFICATIONS
I, Leslie H. Goldberg, certify that:
1. I have reviewed this quarterly report on Form 10-Q of Bowl America
Incorporated;
2. Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to
make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by
this quarterly report;
3. Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all
material respects the financial condition, results of operations and
cash flows of the registrant as of, and for, the periods presented in
this quarterly report;
4. The registrant's other certifying officer and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined
in Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:
a) designed such disclosure controls and procedures to ensure that
material information relating to the registrant, including its
consolidated subsidiaries, is made known to us by others within
those entities, particularly during the period in which this
quarterly report is being prepared;
b) evaluated the effectiveness of the registrant's disclosure controls
and procedures as of a date within 90 days prior to the filing date of
this quarterly report (the "Evaluation Date"); and
c) presented in this quarterly report our conclusions about the
effectiveness of the disclosure controls and procedures based on our
evaluation as of the Evaluation Date;
5. The registrant's other certifying officer and I have disclosed, based on
our most recent evaluation, to the registrant's auditors and the audit
committee of registrant's board of directors (or persons performing the
equivalent functions):
a) all significant deficiencies in the design or operaton of internal
controls which could adversely affect the registrant's ability to record,
process, summarize and report financial data and have identified for the
registrant's auditors any material weakness in internal controls; and
b) any fraud, whether or not material, that involves management or other
employees who have a significant role in the registrant's internal
controls; and
6. The registrant's other certifying officer and I have indicated in this
quarterly report whether there were significant changes in the internal
controls or in other factors that could significantly affect internal
controls subsequent to the date of our most recent evaluaton, including any
corrective actions with regard to significant deficiencies and material
weaknesses.
Date: November 13, 2002 Leslie H. Goldberg
Chief Executive Officer
CERTIFICATIONS
I, Cheryl A. Dragoo, certify that:
1. I have reviewed this quarterly report on Form 10-Q of Bowl America
Incorporated;
2. Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to
make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by
this quarterly report;
3. Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all
material respects the financial condition, results of operations and cash
flows of the registrant as of, and for, the periods presented in this
quarterly report;
4. The registrant's other certifying officer and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined
in Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:
a) designed such disclosure controls and procedures to ensure that
material information relating to the registrant, including its
consolidated subsidiaries, is made known to us by others within those
entities, particularly during the period in which this quarterly report
is being prepared;
b) evaluated the effectiveness of the registrant's disclosure controls and
procedures as of a date within 90 days prior to the filing date of this
quarterly report (the "Evaluation Date"); and
c) presented in this quarterly report our conclusions about the
effectiveness of the disclosure controls and procedures based on our
evaluation as of the Evaluation Date;
5. The registrant's other certifying officer and I have disclosed, based on
our most recent evaluation, to the registrant's auditors and the audit
committee of registrant's board of directors (or persons performing the
equivalent functions):
a) all significant deficiencies in the design or operaton of internal
controls which could adversely affect the registrant's ability to record,
process, summarize and report financial data and have identified for the
registrant's auditors any material weakness in internal controls; and
b) any fraud, whether or not material, that involves management or other
employees who have a significant role in the registrant's internal
controls; and
6. The registrant's other certifying officer and I have indicated in this
quarterly report whether there were significant changes in the internal
controls or in other factors that could significantly affect internal
controls subsequent to the date of our most recent evaluaton, including any
corrective actions with regard to significant deficiencies and material
weaknesses.
Date: November 13, 2002 Cheryl A. Dragoo
Chief Financial Officer
EXHIBIT 99.1
Written Statement of the Chief Excutive Officer
Pursuant to 18 U.S.C. 1350
Soley for the purposes of complying with 18 U.S.C. 1350, I, the
undersigned President of Bowl America Incorporated (the "Company"),
hereby certify, based on my knowledge, that the Quarterly Report on Form
10-Q of the Company for the quarter ended September 29, 2002 (the "Report")
fully complies with the requirements of Section 13(a) of the Securities Act
of 1934 and that information contained in the Report fairly presents, in all
material respects, the financial condition and results of operations of the
Company.
Leslie H. Goldberg
November 13, 2002
EXHIBIT 99.2
Written Statement of the Chief Financial Officer
Pursuant to 18 U.S.C. 1350
Soley for the purposes of complying with 18 U.S.C. 1350, I, the
undersigned Assistant Treasurer and Controller of Bowl America Incorporated
(the "Company"), hereby certify, based on my knowledge, that the Quarterly
Report on Form 10-Q of the Company for the quarter ended September 29, 2002
(the "Report") fully complies with the requirements of Section 13(a) of the
Securities Act of 1934 and that information contained in the Report fairly
presents, in all material respects, the financial condition and results of
operations of the Company.
Cheryl A. Dragoo
November 13, 2002