earnings
confidence high
sentiment negative
materiality 0.82
Parks! America Q2 net loss $846k driven by tornado expenses and revenue loss
PARKS AMERICA, INC
2024-Q2 EPS reported
-$0.01
revenue$3,736,844
- Q2 total revenues $1.88M, down 10.9% YoY; net loss $846k vs $52k loss prior year.
- Tornado at Georgia Park on Mar 26-27 caused ~$1.0M revenue loss and $1.12M in expenses/asset write-offs; drive-through reopened Apr 15.
- Adjusted net loss ex-tornado $377k, reflecting higher SG&A and transitional costs.
- Six-month net loss $999k, up from $474k prior year; working capital $3.01M, debt-to-equity 0.32.
- Management expects positive EBITDA for FY2023 but cautions net loss possible due to tornado uncertainty.