secwatch.observer — SEC 8-K summary
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Issuer:     PARKS AMERICA, INC (PRKA)
CIK:        0001297937
Form:       8-K
Filed at:   2022-08-16T23:59:59+00:00
Accession:  0001493152-22-023079
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1297937/000149315222023079/0001493152-22-023079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1297937/000149315222023079/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-023079

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer