Parks! America Reports Q2 Revenue Growth and Improved Net Loss

Parks! America, Inc. reported its financial results for the second quarter and year-to-date periods ending March 30, 2025, revealing total revenues of $2.00 million for the quarter, a 2.2% increase from $1.96 million in the same period last year. Year-to-date revenues decreased by 2.2% to $3.77 million compared to $3.86 million in the prior year. The company's park revenue for the quarter was $1.98 million, up 2.9% from $1.92 million, while animal sales fell to $22,676, a 33.2% decline from $33,960 in the previous year, primarily due to decreased sales at the Texas Park.

The company experienced a net loss of $247,762, or $0.33 per share, for the second quarter, a significant improvement from a net loss of $1,000,324, or $1.32 per share, in the same quarter of 2024. For the year-to-date period, the net loss was $54,721, compared to a loss of $1,369,579 in the prior year. The reduction in losses was attributed to lower contested proxy-related expenses, which were $0 in the current quarter compared to $1,164,612 in the previous year.

Operationally, Parks! America noted a mixed performance across its parks. The Georgia Park reported revenue of $1.04 million, a slight increase of 0.3%, while the Missouri Park's revenue decreased by 9.9% to $361,078 due to adverse weather conditions. Conversely, the Texas Park saw an 18.9% increase in revenue to $579,136, driven by successful marketing strategies during the Spring Break season. Attendance figures reflected these trends, with Georgia Park attendance down approximately 11.9%, Missouri Park down 6.8%, and Texas Park up 20.4%.

In terms of strategic developments, Parks! America executed a reverse/forward stock split effective April 30, 2025, aimed at reducing administrative costs associated with a large number of shareholders holding minimal shares. The company’s common stock transitioned from the OTCPink market to the OTCQX market following the split. As of March 30, 2025, the company reported total long-term debt of $3.37 million, a decrease from $3.50 million at the end of the previous fiscal year, reflecting scheduled principal payments. Looking ahead, the company anticipates continued challenges from market conditions and competition but remains focused on enhancing guest experiences and operational efficiencies.