secwatch.observer — SEC 8-K summary
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Issuer:     PARKS AMERICA, INC (PRKA)
CIK:        0001297937
Form:       8-K
Filed at:   2021-12-09T23:59:59+00:00
Accession:  0001493152-21-030973
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1297937/000149315221030973/0001493152-21-030973-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1297937/000149315221030973/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-030973

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