EX-99.1 2 ex99-1.htm EX-99.1

 

Exhibit 99.1

 

Parks! America, Inc.

Reports First Quarter Fiscal 2026 Financial Results

 

Management to host conference call on Monday, February 9, 2026, at 4:30 PM ET

 

PINE MOUNTAIN, Georgia, February 6, 2026 — Parks! America, Inc. (OTCQX: PRKA), today announced its financial results for the first fiscal quarter ended December 28, 2025. 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, www.parksamerica.com, for a complete view of the Company and its results.

 

Segment Financial Results for the 13 weeks ended December 28, 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.

 

   13 weeks Ended December 28, 2025 
   Georgia Park   Missouri Park   Texas Park   Consolidated 
Total revenue  $1,182,629   $357,551   $553,218   $2,093,398 
Less significant expense categories (1):                    
Cost of animal food, merchandise and food   156,094    40,080    79,801    275,975 
Other revenue driven costs (2)   23,345    7,216    11,588    42,149 
Personnel costs (3)   342,440    183,709    147,148    673,297 
Advertising and marketing   91,847    64,610    86,493    242,950 
Other segment expenses (4)   257,050    95,258    98,992    451,300 
Segment income (loss)  $311,853   $(33,322)  $129,196   $407,727 

 

   13 weeks Ended December 29, 2024 
   Georgia Park   Missouri Park   Texas Park   Consolidated 
Total revenue  $1,110,718   $289,761   $369,979   $1,770,458 
Less significant expense categories (1):                    
Cost of animal food, merchandise and food   131,243    44,207    76,212    251,662 
Other revenue driven costs (2)   21,004    5,163    6,856    33,023 
Personnel costs (3)   305,029    166,726    168,723    640,478 
Advertising and marketing   40,449    32,102    51,345    123,896 
Other segment expenses (4)   279,047    90,791    118,842    488,680 
Segment income (loss)  $333,946   $(49,228)  $(51,999)  $232,719 

 

(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 costs, 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:

 

   13 weeks ended 
   December 28, 2025   December 29, 2024 
Consolidated segment income  $407,727   $232,719 
Less:          
Unallocated corporate expenses (1)   218,320    270,352 
Depreciation and amortization   211,081    208,548 
Other operating (income), net   (2,791)   (52)
Contested proxy and related matters, net   —    (567,157)
Other (income), net   (22,074)   (13,382)
Interest expense   48,752    57,469 
(Loss) income before income taxes  $(45,561)  $276,941 

 

(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 
   December 28, 2025   December 29, 2024 
Depreciation and amortization:          
Georgia Park  $102,720   $89,416 
Missouri Park   50,170    53,778 
Texas Park   57,776    64,940 
Corporate   415    414 
Total depreciation and amortization  $211,081   $208,548 

 

   For the 13 weeks ended 
   December 28, 2025   December 29, 2024 
Capital expenditures:          
Georgia Park  $256,711   $495,776 
Missouri Park   22,184    7,900 
Texas Park   25,958    97,800 
Total capital expenditures  $304,853   $601,476 

 

   As of 
   December 28, 2025   September 28, 2025 
Total assets:          
Georgia Park  $7,538,721   $8,043,972 
Missouri Park   3,179,266    3,299,882 
Texas Park   8,089,496    8,135,982 
Corporate   401,034    19,606 
Total assets  $19,208,517   $19,499,442 
           
Total cash & short-term investments:          
Georgia Park  $1,222,386   $1,920,827 
Missouri Park   806,825    888,745 
Texas Park   1,128,025    1,053,298 
Corporate   264,737    14,524 
Total cash & short-term investments  $3,421,972   $3,877,394 
           
Total assets less cash & short-term investments:          
Georgia Park  $6,316,335   $6,123,145 
Missouri Park   2,372,441    2,411,137 
Texas Park   6,961,471    7,082,684 
Corporate   136,297    5,082 
Total assets less cash & short-term investments  $15,786,545   $15,622,048 

 

 

 

 

Conference Call and Webcast Details

 

The Company will host a conference call to review its financial results for the first fiscal quarter ended December 28, 2025 on February 9, 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, www.parksamerica.com.

 

Investors should email their questions to: invest@parksamerica.com. Please send your email questions as early as possible, and no later than 1 p.m. Eastern Time on Monday, February 9, 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, www.parksamerica.com.

 

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

info@investor-com.com