Parks! America, Inc. Reports Second Quarter Fiscal Year 2025 Financial Results

Core Viewpoint - Parks! America, Inc. reported its financial results for the second fiscal quarter ended March 30, 2025, highlighting both revenue and loss figures across its parks [1][2]. Financial Performance - Total revenue for the 13 weeks ended March 30, 2025, was $2,002,021, compared to $1,958,200 for the same period in 2024, reflecting an increase of approximately 2.2% [3]. - For the 26 weeks ended March 30, 2025, total revenue was $3,772,479, down from $3,855,825 in 2024, indicating a decrease of about 2.2% [3]. - Georgia Park generated revenue of $1,046,387 for the 13 weeks ended March 30, 2025, slightly down from $1,048,944 in 2024 [3]. - Missouri Park's revenue decreased from $400,733 in 2024 to $374,328 in 2025 for the 13 weeks [3]. - Texas Park saw an increase in revenue from $508,523 in 2024 to $581,306 in 2025 for the 13 weeks [3]. Loss Before Income Taxes - The consolidated loss before income taxes for the 13 weeks ended March 30, 2025, was $(328,762), compared to $(1,344,724) in 2024, showing a significant improvement [3]. - Georgia Park reported a loss before income taxes of $148,542 for the 13 weeks, down from $185,645 in 2024 [3]. - Missouri Park's loss before income taxes improved from $(50,940) in 2024 to $(6,806) in 2025 for the 13 weeks [3]. - Texas Park's loss before income taxes increased from $31,076 in 2024 to $67,073 in 2025 for the 13 weeks [3]. Capital Expenditures - Consolidated capital expenditures for the 13 weeks ended March 30, 2025, were $484,909, compared to $254,706 in 2024, indicating a significant increase [3]. - Georgia Park's capital expenditures rose from $182,515 in 2024 to $443,018 in 2025 for the 13 weeks [3]. - Missouri Park's capital expenditures decreased from $60,271 in 2024 to $25,623 in 2025 for the 13 weeks [3]. - Texas Park's capital expenditures increased from $11,920 in 2024 to $16,268 in 2025 for the 13 weeks [3]. Assets Overview - Total assets as of March 30, 2025, were $18,270,953, down from $19,194,071 as of September 29, 2024 [4]. - Total cash and short-term investments decreased from $3,324,368 in September 2024 to $1,973,551 in March 2025 [4]. - Georgia Park's total assets decreased from $7,520,918 to $7,238,010 [4]. - Missouri Park's total assets decreased from $3,399,324 to $3,059,835 [4]. - Texas Park's total assets remained relatively stable, decreasing slightly from $7,812,661 to $7,800,448 [4].