---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-035583"
form_type: "8-K"
ticker: "PRKA"
cik: "0001297937"
company_name: "PARKS AMERICA, INC"
filed_at: "2022-12-15T23:59:59+00:00"
generated_at: "2026-06-21T03:56:46.551090+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Parks America Q4 net income down to $482K; FY22 net income $727K vs $2.8M last year

## Summary
- Q4 total net sales $3.07M, down $219K YoY; park attendance-based sales fell 7.5%.
- FY22 net income $727K ($0.01/share) vs $2.80M ($0.04/share) in FY21, down $2.07M.
- Adjusted net income for FY22 (excl. legal settlement) was $800K, down $1.81M YoY.
- Working capital $4.67M; total debt $4.96M; debt-to-equity ratio 0.32 to 1.0.
- Comparable FY22 attendance-based sales up >40% vs 2019 on 12% attendance gain and 30% per-capita increase.

## SEC filing metadata
- accession: 0001493152-22-035583
- form_type: 8-K
- ticker: PRKA
- cik: 0001297937
- company_name: PARKS AMERICA, INC
- filed_at: 2022-12-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1297937/000149315222035583/0001493152-22-035583-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1297937/000149315222035583/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-035583
- JSON: https://secwatch.observer/filing/0001493152-22-035583.json
- Plain text: https://secwatch.observer/filing/0001493152-22-035583.txt

## Key facts
- Earnings Releases
  PARKS AMERICA, INC reported the fiscal year ended October 2, 2022 results: revenue $10.7 million, net income $727,491, EPS $0.01 per basic share and per fully diluted share.
  - Period: the fiscal year ended October 2, 2022
  - Revenue: $10.7 million
  - Net income: $727,491
  - EPS: $0.01 per basic share and per fully diluted share
  - Result: reported results
  source text: Reported total net sales for the fiscal year ended October 2, 2022 were $10.7 million, a decrease of $1.12 million, compared to the fiscal year ended October 3, 2021. Our parks’ combined attendance based net sales decreased by $1.05 million or 9.0%, and animal sales decreased by $75,607. On a comparable 52-week basis, attendance based net sales decreased by $848,862 or 7.4%. The Company reported net income of $727,491 or $0.01 per basic share and per fully diluted share, for the fiscal year ended October 2, 2022, compared to a net income of $2.80 million or $0.04 per basic share and per fully diluted share, for the fiscal year ended October 3, 2021, resulting in a decrease of $2.07 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1297937/000149315222035583/0001493152-22-035583-index.htm
- Earnings Releases
  PARKS AMERICA, INC reported the fiscal quarter ended October 2, 2022 results: revenue $3.07 million, net income $482,409, EPS $0.01 per basic share and per fully diluted share.
  - Period: the fiscal quarter ended October 2, 2022
  - Revenue: $3.07 million
  - Net income: $482,409
  - EPS: $0.01 per basic share and per fully diluted share
  - Result: reported results
  source text: Reported total net sales for the fiscal quarter ended October 2, 2022 were $3.07 million, a decrease of $219,249, compared to the fiscal quarter ended October 3, 2021. Our parks’ combined attendance based net sales decreased by $240,140 or 7.5%, and animal sales increased by $20,891. The Company reported net income of $482,409 or $0.01 per basic share and per fully diluted share, for the fiscal quarter ended October 2, 2022, compared to a net income of $765,730 million or $0.01 per basic share and per fully diluted share, for the fiscal quarter ended October 3, 2021, resulting in a decrease of $283,321.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1297937/000149315222035583/0001493152-22-035583-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.