secwatch.observer — SEC 8-K summary
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Issuer:     PARKS AMERICA, INC (PRKA)
CIK:        0001297937
Form:       8-K
Filed at:   2022-05-11T23:59:59+00:00
Accession:  0001493152-22-012775
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1297937/000149315222012775/0001493152-22-012775-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1297937/000149315222012775/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-012775

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