Parks! America Q3 net sales down 5.4%, net income falls to $718K from $1.27M

PARKS AMERICA, INC

2023-Q3 EPS reported $0.00 revenue$7,675,657

Q3 net sales $3.64M, down $229,775 YoY; attendance-based net sales decreased 5.4%.
Net income $718,712 ($0.01/share) vs $1.27M ($0.02/share) YoY; decline due to lower sales, higher expenses, legal settlement.
YTD comparable 39-week attendance-based net sales down 7.4% vs 2021 but up 50.4% vs pre-COVID 2019.
Record YTD per capita $37.52, up $5.61 vs 2019; record FY capital investment ~$1.75M planned.
Giraffe Exhibit at Georgia Park delayed until spring 2023; debt-to-equity 0.37, working capital $4.38M.

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