v3.25.4
BUSINESS SEGMENTS
 3 Months Ended
Dec. 28, 2025
Segment Reporting [Abstract]  
BUSINESS SEGMENTS

NOTE 10. 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 for the Company’s reportable segments:

 

             
   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 
Segment operating income (loss) as percentage of total revenue   26.4%   -9.3%   23.4%   19.5%

 

             
   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 
Segment operating income (loss) as percentage of total revenue   30.1%   -17.0%   -14.1%   13.1%

 

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

 

 

PARKS! AMERICA, INC. and SUBSIDIARIES

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

 

NOTE 10. BUSINESS SEGMENTS (CONTINUED)

 

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

 SCHEDULE OF RECONCILIATION OF REPORTING SEGMENT INCOME TO INCOME 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