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Parks! America, Inc. Reports Third Quarter Fiscal Year 2025 Financial Results
Globenewswireยท 2025-08-08 20:45
Core Viewpoint - Parks! America, Inc. reported its financial results for the third fiscal quarter ended June 29, 2025, highlighting a consolidated revenue of $3,475,920, which shows a slight increase from $3,448,744 in the same period of the previous year [1][3]. Financial Performance - Total revenues for Georgia Park were $1,999,462, down from $2,200,174 year-over-year [3]. - Missouri Park generated revenues of $656,191, a slight decrease from $675,283 [3]. - Texas Park saw an increase in revenues to $820,267 from $573,287 [3]. - Consolidated income before income taxes was $1,084,599, compared to $87,070 in the same quarter last year [3]. Segment Analysis - Georgia Park's income before income taxes was $988,670, down from $1,172,530 [3]. - Missouri Park's income before income taxes was $216,749, slightly down from $222,714 [3]. - Texas Park's income before income taxes increased to $333,531 from $107,086 [3]. - Corporate expenses totaled $(277,876), down from $(401,082) [3]. Asset Overview - As of June 29, 2025, total assets for Georgia Park were $7,618,521, an increase from $7,520,918 [4]. - Missouri Park's total assets decreased to $2,880,382 from $3,399,324 [4]. - Texas Park's total assets increased to $8,019,019 from $7,812,661 [4]. - Consolidated total assets were $18,590,070, down from $19,194,071 [4]. Cash and Investments - Total cash and short-term investments for Georgia Park were $1,277,036, down from $1,800,623 [4]. - Missouri Park's cash and short-term investments decreased to $488,063 from $870,918 [4]. - Texas Park's cash and short-term investments increased to $891,416 from $570,122 [4]. - Consolidated cash and short-term investments were $2,687,661, down from $3,324,368 [4]. Conference Call Information - The company will host a conference call on August 11, 2025, at 4:30 PM ET to discuss its financial results [5][6].