Parks America Q2 net sales down 15.7% YoY; swings to net loss of $51,690

PARKS AMERICA, INC

Q2 net sales $2.09M vs $2.48M YoY; net loss $51,690 vs net income $538,048.
YTD net sales $4.03M (-13.0%); net loss $473,630 vs net income $765,983.
Comparable 26-week attendance-based net sales decreased 9.1%.
Working capital $3.98M; total debt $5.62M; debt-to-equity 0.40.
Management blames wet weather, higher compensation/advertising, and more competition; early Q3 attendance down only 2.9%.

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