Parks! America Q1 net loss improves to $152,960 on lower expenses; revenue down 4.3%

PARKS AMERICA, INC

2024-Q1 EPS reported $0.00 revenue$1,861,379

Total net sales $1.86M, down 4.3% YoY; attendance-based net sales down 6.4% while animal sales up.
Net loss of $153K improved from $422K loss in prior year; EBITDA swung to positive $92K from negative $288K.
Q2 attendance-based net sales trending up nearly 20% for first six weeks.
Working capital $4.36M, total debt $4.78M, debt-to-equity 0.31.
2023 capital plan includes enhanced lemur exhibit, new aviary, zebra pasture, and otter exhibit.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.97

PARKS AMERICA, INC reported first fiscal quarter ended January 1, 2023 results: revenue $1.86 million, net income net loss of $152,960, or $0.00 per basic share and fully diluted share, EPS $0.00 per basic share and fully diluted share.

Period: first fiscal quarter ended January 1, 2023
Revenue: $1.86 million
Net income: net loss of $152,960, or $0.00 per basic share and fully diluted share
EPS: $0.00 per basic share and fully diluted share
Result: reported results

Exact text from the filing

2023 Results ● First quarter EBITDA of $92,360, increased $380,529, largely driven by SG&A reduction from Missouri Christmas lights and reduced spending ● Total net sales of $1.86 million, declined 4.3%, driven by lower attendance, nearly offset by higher per capita spending and animal sales ● Second quarter attendance based net sales are trending positive,

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Source: SEC EDGAR

accession 0001493152-23-004503

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