Exhibit 99.1

 

Parks! America, Inc.

Reports Second Quarter Fiscal 2026 Financial Results

 

Management to host conference call on Tuesday, May 12, 2026, at 4:30 PM ET

 

PINE MOUNTAIN, Georgia, May 11, 2026 — Parks! America, Inc. (OTCQX: PRKA), today announced its financial results for the second fiscal quarter ended March 29, 2026. 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 and 26 weeks ended March 29, 2026 and March 30, 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.

 

   For the 13 weeks ended March 29, 2026 
   Georgia Park   Missouri Park   Texas Park   Consolidated 
Total revenue  $1,142,532   $472,678   $681,137   $2,296,347 
Less significant expense categories (1):                    
Cost of animal food, merchandise and food   143,708    51,119    104,808    299,635 
Other revenue driven costs (2)   29,037    16,599    20,857    66,493 
Personnel costs (3)   344,018    205,964    157,568    707,550 
Advertising and marketing   90,727    63,875    84,235    238,837 
Other segment expenses (4)   279,996    104,089    105,423    489,508 
Segment income  $255,046   $31,032   $208,246   $494,324 
Segment operating income (loss) as percentage of total revenue   22.3%   6.6%   30.6%   21.5%

 

   For the 13 weeks ended March 30, 2025 
   Georgia Park   Missouri Park   Texas Park   Consolidated 
Total revenue  $1,046,387   $374,328   $581,306   $2,002,021 
Less significant expense categories (1):                    
Cost of animal food, merchandise and food   185,739    39,826    89,434    314,999 
Other revenue driven costs (2)   21,242    7,747    12,557    41,546 
Personnel costs (3)   314,525    161,295    190,049    665,869 
Advertising and marketing   85,786    53,921    95,572    235,279 
Other segment expenses (4)   290,553    104,733    126,621    521,907 
Segment income  $148,542   $6,806   $67,073   $222,421 
Segment operating income (loss) as percentage of total revenue   14.2%   1.8%   11.5%   11.1%

 

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

 

 

 

 

   For the 26 weeks ended March 29, 2026 
   Georgia Park   Missouri Park   Texas Park   Consolidated 
Total revenue  $2,325,161   $830,229   $1,234,355   $4,389,745 
Less significant expense categories (1):                    
Cost of animal food, merchandise and food   299,802    91,199    184,609    575,610 
Other revenue driven costs (2)   52,382    23,815    32,445    108,642 
Personnel costs (3)   686,458    389,673    304,716    1,380,847 
Advertising and marketing   182,574    128,485    170,728    481,787 
Other segment expenses (4)   537,046    199,347    204,415    940,808 
Segment income (loss)  $566,899   $(2,290)  $337,442   $902,051 
Segment operating income (loss) as percentage of total revenue   24.4%   -0.3%   27.3%   20.5%

 

   For the 26 weeks ended March 30, 2025 
   Georgia Park   Missouri Park   Texas Park   Consolidated 
Total revenue  $2,157,105   $664,089   $951,285   $3,772,479 
Less significant expense categories (1):                    
Cost of animal food, merchandise and food   316,982    84,033    165,646    566,661 
Other revenue driven costs (2)   42,246    12,910    19,413    74,569 
Personnel costs (3)   619,554    328,021    358,772    1,306,347 
Advertising and marketing   126,235    86,023    146,917    359,175 
Other segment expenses (4)   569,600    195,524    245,463    1,010,587 
Segment income (loss)  $482,488   $(42,422)  $15,074   $455,140 
Segment operating income (loss) as percentage of total revenue   22.4%   -6.4%   1.6%   12.1%

 

(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 expenses, 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:

 

   For the 13 weeks ended   For the 26 weeks ended 
   March 29, 2026   March 30, 2025   March 29, 2026   March 30, 2025 
Consolidated segment income  $494,324   $222,421   $902,051   $455,140 
Less:                    
Unallocated corporate expenses (1)   219,845    301,482    438,165    571,834 
Depreciation and amortization   216,171    220,315    427,252    428,863 
Other operating (income), net   (1,008)   —    (3,799)   (52)
Contested proxy and related matters, net   —    —    —    (567,157)
Other (income), net   (19,803)   (25,323)   (41,877)   (38,705)
Interest expense   45,859    54,709    94,611    112,178 
Income (loss) before income taxes  $33,260   $(328,762)  $(12,301)  $(51,821)

 

(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   For the 26 weeks ended 
   March 29, 2026   March 30, 2025   March 29, 2026   March 30, 2025 
Depreciation and amortization                    
Georgia Park  $106,885   $98,832   $209,605   $188,248 
Missouri Park   50,972    54,303    101,142    108,081 
Texas Park   57,899    66,766    115,675    131,706 
Corporate   415    414    830    828 
Total depreciation and amortization  $216,171   $220,315   $427,252   $428,863 

 

   For the 13 weeks ended   For the 26 weeks ended 
   March 29, 2026   March 30, 2025   March 29, 2026   March 30, 2025 
Capital expenditures                    
Georgia Park  $82,677   $443,018   $339,388   $938,794 
Missouri Park   24,900    25,623    47,084    33,523 
Texas Park   19,403    16,268    45,361    114,068 
Total capital expenditures  $126,980   $484,909   $431,833   $1,086,385 

 

   As of 
   March 29, 2026   September 28, 2025 
Assets          
Georgia Park  $7,533,202   $8,043,972 
Missouri Park   3,264,987    3,299,882 
Texas Park   8,267,816    8,135,982 
Corporate   149,734    19,606 
Total assets  $19,215,739   $19,499,442 
           
Cash & short-term investments          
Georgia Park  $1,157,157   $1,920,827 
Missouri Park   924,652    888,745 
Texas Park   1,347,783    1,053,298 
Corporate   48,344    14,524 
Total cash & short-term investments  $3,477,936   $3,877,394 
           
Assets less cash & short-term investments          
Georgia Park  $6,376,045   $6,123,145 
Missouri Park   2,340,335    2,411,137 
Texas Park   6,920,033    7,082,684 
Corporate   101,390    5,082 
Total assets less cash & short-term investments  $15,737,803   $15,622,048 

 

 

 

 

Conference Call and Webcast Details

 

The Company will host a conference call to review its financial results for the second fiscal quarter ended March 29, 2026 on May 12, 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 Tuesday, May 11, 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