Bowl America (BWL.A) 10-K 2015 FY Annual report

Exhibit 20

For Immediate Release September 24, 2015

BOWL AMERICA REPORTSFISCAL 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.

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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

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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