Bowl America (BWL.A) 10-Q 2014 Q2 Quarterly report

Exhibit 20 

Press release issued February 12, 2014

For Immediate Release February 12, 2014

BOWL AMERICA REPORTS SECOND QUARTER EARNINGS

Bowl America Incorporated today reported earnings for its fiscal 2014 second quarter endedDecember 29, 2013, decreased to $.07 per share from $.09 per share in the prior year period. Earnings for the current and prior year six-month periods were $.01 and $.04 per share, respectively.

The winter bowling league season started as strong as last year and, until early December snow storms caused postponements of league bowling to later quarters, league linage had been relatively flat. The federal government closed for 16 days in October 2013 due to a budget impasse impacting the ten Company locations in the Washington, D.C. metropolitan area. Those customers in government or government related employment may have been concerned about spending on anything but necessities.

Winter storms and cold weather have continued into the third quarter resulting in higher utility costs and snow removal expense as well as lost sales.

Bowl America operates 18 bowling centers and its Class A Common Stock trades on the NYSE MKT Exchange with the symbol BWLA. A more detailed explanation of results is available in the Company’s S.E.C. Form 10-Q filing, available at the Company’s web sitewww.bowlamericainc.com.

BOWL AMERICA INCORPORATED

Results of Operations

(unaudited)

	Thirteen weeks ended					Twenty-six weeks ended
	December29,		December 30,			December29,			December30,
	2013		2012			2013			2012
Revenues
Bowling and other	$	4,216,078	$	4,320,274		$	7,611,304		$	7,937,799
Food, beverage & merchandise sales		1,750,768		1,809,774			3,105,816			3,302,141
		5,966,846		6,130,048			10,717,120			11,239,940
Operating expenses excluding depreciation and amortization		5,126,156		5,139,763			10,141,144			10,334,857
Depreciation and amortization		366,014		384,570			721,306			772,721
Interest & dividend income		90,461		119,065			229,230			250,284
Earnings from continuing operations beforetaxes		565,137		724,780			83,900			383,096
Earnings from continuing operations		367,337		471,080			54,500			248,996
Earnings (loss) from discontinued operations,net of tax		3,604		(15,406	)		(1,949	)		(34,315	)
Net Earnings	$	370,941	$	455,674		$	52,551		$	214,681
Comprehensive earnings (loss)	$	392,728	$	115,301		$	(21,120	)	$	75,573
Weighted average shares outstanding		5,160,971		5,151,471			5,160,971			5,151,471
EARNINGS PER SHARE		.07		.09			.01			.04

SUMMARY OF FINANCIAL POSITION

(unaudited)

Dollars in Thousands

	12/29/13		12/30/12
ASSETS
Total current assets including cash and short-term investments of $3,760 & $2,576	$	4,779	$	3,963
Property and investments		30,757		31,197
TOTAL ASSETS	$	35,536	$	35,160
LIABILITIES AND STOCKHOLDERS' EQUITY
Total current liabilities	$	3,634	$	2,990
Other liabilities		2,594		2,685
Stockholders' equity		29,308		29,485
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	35,536	$	35,160