BUSINESS SEGMENTS

12 Months Ended

Sep. 28, 2025

Segment Reporting [Abstract]

BUSINESS SEGMENTS

NOTE 12. BUSINESS SEGMENTS

The Company identifies our operating segments to be the individual parks: Georgia Park, Missouri Park and Texas Park and operates in three reportable segments.

Management reviews operating results, evaluates performance and makes operating decisions, including allocating resources, on a park-by-park basis. Discrete financial information and operating results are prepared at the individual park level for use by the President and Chief Executive Officer, who is the Chief Operating Decision Maker (“CODM”) of the Company. The CODM uses segment operating income/(loss), defined as park earnings before interest, taxes, depreciation and amortization, and free cash flow as the reportable segment profitability measure to assess performance and allocate resources.

Significant segment expenses are expenses which are regularly provided to the CODM and are included in segment operating income/(loss). These consist of segment cost of animal food, merchandise and food, other revenue driven costs, personnel costs, advertising and marketing and all other segment expenses. Segment cost of sales includes cost of animal feed and cost of gift shop merchandise, food and concessions. Other revenue driven costs include credit card fees and other revenue processing fees. Personnel costs include fixed and variable wages, benefits costs and employer payroll taxes. Other segment expenses include animal expenses, park and vehicle maintenance, insurance, utilities, outside services, operating supplies and other miscellaneous expenses. The Company does not allocate corporate expenses to our segments.

The following tables set forth, for the periods indicated, certain segment information the Company’s reportable segments:

	Fiscal Year Ended September 28, 2025
	Georgia Park			Missouri Park			Texas Park			Consolidated
Total revenue	$	5,917,423		$	2,189,656		$	2,364,496		$	10,471,575
Less significant expense categories (1):
Cost of animal food, merchandise and food		789,293			232,363			304,204			1,325,860
Other revenue driven costs (2)		115,195			43,081			47,492			205,768
Personnel costs (3)		1,377,831			726,050			688,096			2,791,977
Advertising and marketing		301,687			240,204			333,429			875,320
Other segment expenses (4)		1,077,753			372,367			453,578			1,903,698
Segment income	$	2,255,664		$	575,591		$	537,697		$	3,368,952
Segment operating income as percentage of total revenue		38.1	%		26.3	%		22.7	%		32.2	%

	Fiscal Year Ended September 29, 2024
	Georgia Park			Missouri Park			Texas Park			Consolidated
Total revenue	$	5,960,259		$	2,036,280		$	1,915,721		$	9,912,260
Less significant expense categories (1):
Cost of animal food, merchandise and food		747,473			276,729			388,476			1,412,678
Other revenue driven costs (2)		158,815			46,632			46,729			252,176
Personnel costs (3)		1,328,979			659,088			653,428			2,641,495
Advertising and marketing		340,586			225,087			310,304			875,977
Other segment expenses (4)		1,089,527			371,525			443,863			1,904,915
Segment income	$	2,294,879		$	457,219		$	72,921		$	2,825,019
Segment operating income as percentage of total revenue		38.5	%		22.5	%		3.8	%		28.5	%

(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, insurance, utilities, outside services, operating supplies and other miscellaneous expenses.

PARKS! AMERICA, INC. and SUBSIDIARIES

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

September 28, 2025 and September 29, 2024

NOTE 12. BUSINESS SEGMENTS (CONTINUED) 

The table below sets forth, for the periods indicated, a reconciliation of reporting consolidated segment income to Income before income taxes:

	Fiscal Years Ended
	September 28, 2025			September 29, 2024
Consolidated segment income	$	3,368,952		$	2,825,019
Less:
Unallocated corporate expenses (1)		1,063,397			1,211,764
Depreciation and amortization		885,996			871,967
Contested proxy and related matters, net		(670,814	)		2,040,810
Tornado expenses and write-offs, net		—			(53,755	)
Legal settlement		—			75,000
Other operating expenses, net		29,296			62,734
Other (income), net		(78,573	)		(132,948	)
Interest expense		219,341			229,244
Income (loss) before income taxes	$	1,920,309		$	(1,479,797	)

⁽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

	Fiscal Years Ended
	September 28, 2025		September 29, 2024
Depreciation and amortization:
Georgia Park	$	396,987	$	357,522
Missouri Park		218,429		231,734
Texas Park		268,923		281,055
Corporate		1,657		1,656
Total depreciation and amortization	$	885,996	$	871,967

	Fiscal Years Ended
	September 28, 2025		September 29, 2024
Capital expenditures:
Georgia Park	$	1,038,800	$	593,515
Missouri Park		116,538		100,428
Texas Park		121,484		213,012
Total capital expenditures	$	1,276,822	$	906,955

	As of
	September 28, 2025		September 29, 2024
Total assets:
Georgia Park	$	8,043,972	$	7,520,918
Missouri Park		3,299,882		3,399,324
Texas Park		8,135,982		7,812,661
Corporate		19,606		461,168
Total assets	$	19,499,442	$	19,194,071