Parks! America, Inc. Reports Second Quarter Fiscal 2026 Financial Results

2026-05-11 04:18:11

(MENAFN- GlobeNewsWire - Nasdaq) Management to host conference call on Tuesday, May 12, 2026, at 4:30 PM ET

PINE MOUNTAIN, Georgia, May 11, 2026 (GLOBE NEWSWIRE) -- Parks! America, Inc. (OTCQX: PRKA), today announced its financial results for the second fiscal quarter ended March 29, 2026. The summary information in this press release should not be used as the sole basis for making investment decisions. We encourage shareholders to read our complete Form 10-Q, which has been posted on the Investor Info section of the Company's website, , for a complete view of the Company and its results.

Segment Financial Results for the 13 and 26 weeks ended March 29, 2026 and March 30, 2025

The Company manages its operations on an individual park location basis. Financial information regarding each of the Company's reportable segments is summarized in the tables below for the periods indicated.

	For the 13 weeks ended March 29, 2026
	Georgia Park			Missouri Park			Texas Park		Consolidated
Total revenue	$	1,142,532			$	472,678		$	681,137		$	2,296,347
Less significant expense categories ⁽¹⁾:
Cost of animal food, merchandise and food		143,708				51,119			104,808			299,635
Other revenue driven costs ⁽²⁾		29,037				16,599			20,857			66,493
Personnel costs ⁽³⁾		344,018				205,964			157,568			707,550
Advertising and marketing		90,727				63,875			84,235			238,837
Other segment expenses ⁽⁴⁾		279,996				104,089			105,423			489,508
Segment income	$	255,046			$	31,032		$	208,246		$	494,324
Segment operating income (loss) as percentage of total revenue		22.3	%			6.6	%		30.6	%		21.5	%

	For the 13 weeks ended March 30, 2025
	Georgia Park			Missouri Park			Texas Park		Consolidated
Total revenue	$	1,046,387			$	374,328		$	581,306		$	2,002,021
Less significant expense categories ⁽¹⁾:
Cost of animal food, merchandise and food		185,739				39,826			89,434			314,999
Other revenue driven costs ⁽²⁾		21,242				7,747			12,557			41,546
Personnel costs ⁽³⁾		314,525				161,295			190,049			665,869
Advertising and marketing		85,786				53,921			95,572			235,279
Other segment expenses ⁽⁴⁾		290,553				104,733			126,621			521,907
Segment income	$	148,542			$	6,806		$	67,073		$	222,421
Segment operating income (loss) as percentage of total revenue		14.2	%			1.8	%		11.5	%		11.1	%

⁽¹⁾	The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
⁽²⁾	Other revenue driven costs include credit card fees and other revenue processing costs driven by sales volume.
⁽³⁾	Personnel costs include fixed and variable wages, benefits and employer taxes.
⁽⁴⁾	Other segment expenses include all other operating expenses, including animal expenses, park and vehicle maintenance expenses, insurance, utilities, outside services, operating supplies and other miscellaneous expenses.

	For the 26 weeks ended March 29, 2026
	Georgia Park			Missouri Park			Texas Park		Consolidated
Total revenue	$	2,325,161			$	830,229		$	1,234,355		$	4,389,745
Less significant expense categories ⁽¹⁾:
Cost of animal food, merchandise and food		299,802				91,199			184,609			575,610
Other revenue driven costs ⁽²⁾		52,382				23,815			32,445			108,642
Personnel costs ⁽³⁾		686,458				389,673			304,716			1,380,847
Advertising and marketing		182,574				128,485			170,728			481,787
Other segment expenses ⁽⁴⁾		537,046				199,347			204,415			940,808
Segment income (loss)	$	566,899			$	(2,290	)	$	337,442		$	902,051
Segment operating income (loss) as percentage of total revenue		24.4	%			-0.3	%		27.3	%		20.5	%

	For the 26 weeks ended March 30, 2025
	Georgia Park			Missouri Park			Texas Park		Consolidated
Total revenue	$	2,157,105			$	664,089		$	951,285		$	3,772,479
Less significant expense categories ⁽¹⁾:
Cost of animal food, merchandise and food		316,982				84,033			165,646			566,661
Other revenue driven costs ⁽²⁾		42,246				12,910			19,413			74,569
Personnel costs ⁽³⁾		619,554				328,021			358,772			1,306,347
Advertising and marketing		126,235				86,023			146,917			359,175
Other segment expenses ⁽⁴⁾		569,600				195,524			245,463			1,010,587
Segment income (loss)	$	482,488			$	(42,422	)	$	15,074		$	455,140
Segment operating income (loss) as percentage of total revenue		22.4	%			-6.4	%		1.6	%		12.1	%

⁽¹⁾	The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
⁽²⁾	Other revenue driven costs include credit card fees and other revenue processing costs driven by sales volume.
⁽³⁾	Personnel costs include fixed and variable wages, benefits and employer taxes.
⁽⁴⁾	Other segment expenses include all other operating expenses, including animal expenses, park and vehicle maintenance expenses, insurance, utilities, outside services, operating supplies and other miscellaneous expenses.

The table below presents a reconciliation of reportable Consolidated segment income to Income (loss) before income taxes:

	For the 13 weeks ended			For the 26 weeks ended
	March 29, 2026			March 30, 2025			March 29, 2026		March 30, 2025
Consolidated segment income	$	494,324			$	222,421		$	902,051		$	455,140
Less:
Unallocated corporate expenses ⁽¹⁾		219,845				301,482			438,165			571,834
Depreciation and amortization		216,171				220,315			427,252			428,863
Other operating (income), net		(1,008	)			-			(3,799	)		(52	)
Contested proxy and related matters, net		-				-			-			(567,157	)
Other (income), net		(19,803	)			(25,323	)		(41,877	)		(38,705	)
Interest expense		45,859				54,709			94,611			112,178
Income (loss) before income taxes	$	33,260			$	(328,762	)	$	(12,301	)	$	(51,821	)

⁽¹⁾	Unallocated corporate expenses include corporate personnel costs, director fees and compensation, directors and officers insurance, computer software and services, professional fees and public company related expenses.

Additional Segment Data

	For the 13 weeks ended		For the 26 weeks ended
	March 29, 2026		March 30, 2025			March 29, 2026		March 30, 2025
Depreciation and amortization
Georgia Park	$	106,885		$	98,832		$	209,605	$	188,248
Missouri Park		50,972			54,303			101,142		108,081
Texas Park		57,899			66,766			115,675		131,706
Corporate		415			414			830		828
Total depreciation and amortization	$	216,171		$	220,315		$	427,252	$	428,863

	For the 13 weeks ended		For the 26 weeks ended
	March 29, 2026		March 30, 2025			March 29, 2026		March 30, 2025
Capital expenditures
Georgia Park	$	82,677		$	443,018		$	339,388	$	938,794
Missouri Park		24,900			25,623			47,084		33,523
Texas Park		19,403			16,268			45,361		114,068
Total capital expenditures	$	126,980		$	484,909		$	431,833	$	1,086,385

	As of
	March 29, 2026		September 28, 2025
Assets
Georgia Park	$	7,533,202		$	8,043,972
Missouri Park		3,264,987			3,299,882
Texas Park		8,267,816			8,135,982
Corporate		149,734			19,606
Total assets	$	19,215,739		$	19,499,442

Cash & short-term investments
Georgia Park	$	1,157,157		$	1,920,827
Missouri Park		924,652			888,745
Texas Park		1,347,783			1,053,298
Corporate		48,344			14,524
Total cash & short-term investments	$	3,477,936		$	3,877,394

Assets less cash & short-term investments
Georgia Park	$	6,376,045		$	6,123,145
Missouri Park		2,340,335			2,411,137
Texas Park		6,920,033			7,082,684
Corporate		101,390			5,082
Total assets less cash & short-term investments	$	15,737,803		$	15,622,048

Conference Call and Webcast Details

The Company will host a conference call to review its financial results for the second fiscal quarter ended March 29, 2026 on May 12, 2026, at 4:30 pm ET. The conference call will be webcast and can be accessed through the Investor Info section of the Company's website, .

Investors should email their questions to: .... Please send your email questions as early as possible, and no later than 1 p.m. Eastern Time on Tuesday, May 11, 2026. We will take these email questions first and then live participants will be able to ask follow-up questions in the remaining time. A transcript of the call will be available on the Company's website.

About Parks! America, Inc.

Parks! America, Inc. (OTCQX: PRKA), through its wholly owned subsidiaries, owns and operates three regional safari parks and is in the business of acquiring, developing and operating local and regional entertainment assets in the United States.

Additional information, including our Annual Report on Form 10-K for the fiscal year ended September 28, 2025, is available in the Investor Info section of the Company's website, .

Cautionary Note Regarding Forward Looking Statements

This news release may contain“forward-looking statements” within the meaning of U.S. securities laws. Forward-looking statements include statements concerning the Company's future plans, business strategy, liquidity, capital expenditures, sources of revenue and other similar statements that are not historical in nature. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the Company's expectations as of the date of this news release and speak only as of the date hereof. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results to differ significantly from those expressed or implied by such forward-looking statements. Readers are advised to consider the factors listed under the heading“Risk Factors” and the other information contained in the Company's Annual Report on Form 10-K and other reports filed from time to time with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

Contact:

John Grau
InvestorCom
(203) 972-9300
...

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