Parks! America reports record FY2021 sales $11.86M; Q4 comparable sales down 26.2%

PARKS AMERICA, INC

FY2021 record sales $11.86M (+24.8% YoY); net income $2.80M ($0.04/sh) vs $2.77M.
Q4 sales $3.29M, down 27.7% YoY; net income $765,730 ($0.01/sh) vs $1.78M.
Comparable 13-week attendance sales declined 26.2% in Q4; full year pro forma comparable up 13.3%.
Balance sheet: cash $6.65M, debt $5.66M, debt-to-equity 0.39; refinancing saves ~$24k/yr.
Plans ~$3M capex in FY2022 including new giraffe exhibit at Georgia Park.

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