Parks! America, Inc. Reports Q1 Fiscal 2022 Results
Parks! America, Inc. Reports Q1 Fiscal 2022 Results
● | Q1 fiscal 2022 reported attendance based sales decline $213,424 or 9.9% | |
● | Q1 fiscal 2022 comparable 13-week attendance based sales decline $16,819 or 0.9% |
● | 2022财年第一季度基于上座率的销售额下降了213,424美元,降幅为9.9% | |
● | 2022财年第一季度基于13周上座率的可比销售额下降了16,819美元,降幅为0.9% |
PINE MOUNTAIN, Georgia, Feb. 09, 2022 (GLOBE NEWSWIRE) -- Parks! America, Inc. (OTCPink: PRKA), today announced the results for its first fiscal quarter ended January 2, 2022.
佐治亚州松山,2022年2月9日(环球通讯社)--公园!亚洲网加利福尼亚州圣何塞1月14日电美国公司(场外交易代码:PRKA)今天宣布了截至2022年1月2日的第一财季业绩。
First Quarter Fiscal 2022 Highlights
第一202财年第四季度2亮点
The Company's 2022 fiscal year will be comprised of 52-weeks, compared to its 2021 fiscal year which was comprised of 53-weeks. The extra week in 2021 fiscal year occurred in the three months ended January 3, 2021. As such, attendance based net sales analyses will include comparable 13-week sales comparisons, in addition to reported sales comparisons.
该公司2022财年将由52周组成,而2021财年由53周组成。2021财年的额外一周发生在截至2021年1月3日的三个月。因此,基于上座率的净销售额分析将包括可比的13周销售额比较,以及报告的销售额比较。
Reported total net sales for the fiscal quarter ended January 2, 2022 were $1.94 million, a decrease of $282,441, compared to $2.23 million for the fiscal quarter ended January 3, 2021. Reported attendance based net sales were $1.94 million, a decrease of $213,424 or 9.9%, and animal sales decreased by $69,017. On a comparable 13-week basis, attendance based net sales decreased by $16,819 or 0.9%.
截至2022年1月2日的财季,报告的总净销售额为194万美元,减少了282,441美元,而截至2021年1月3日的财季为223万美元。报告的基于上座率的净销售额为194万美元,减少了213,424美元,降幅为9.9%,动物销售额减少了69,017美元。在可比的13周基础上,基于上座率的净销售额减少了16,819美元,降幅为0.9%。
The Company reported a net loss of $421,940, or $0.01 per basic share and fully diluted share, for its fiscal quarter ended January 2, 2022, compared to net income of $227,935, or $0.00 per basic share and fully diluted share, for its fiscal quarter ended January 3, 2021, resulting in a net decrease of $649,875. The decrease in the Company's first fiscal quarter net income is primarily attributable to lower attendance based net sales and lower animal sales, and higher compensation, advertising, special event and general operating expenses, partially offset by higher other income, as well as lower interest expense and income taxes.
该公司报告截至2022年1月2日的会计季度净亏损421,940美元,或每股基本股票和完全稀释后收益0.01美元,而截至2021年1月3日的会计季度净收益为227,935美元,或每股基本股票和完全稀释后收益0.00美元,净减少649,875美元。公司第一会计季度净收入减少的主要原因是基于出勤率的净销售额下降和动物销售额下降,以及薪酬、广告、特别活动和一般运营费用增加,但被其他收入增加以及利息支出和所得税减少部分抵消。
Balance Sheet and Liquidity
资产负债表和流动性
The Company had working capital of $4.84 million as of January 2, 2022, compared to $5.70 million as of October 3, 2021 and $3.93 million as of January 3, 2021. The Company had total debt of $5.79 million as of January 2, 2022, compared to $5.66 million as of October 3, 2021 and $6.97 million as of January 3, 2021. The Company's debt-to-equity ratio was 0.41 to 1.0 as of January 2, 2022, compared to 0.39 to 1.0 as of October 3, 2021 and 0.58 to 1.0 as of January 3, 2021.
截至2022年1月2日,该公司的营运资金为484万美元,而截至2021年10月3日的营运资金为570万美元,截至2021年1月3日的营运资金为393万美元。截至2022年1月2日,该公司的总债务为579万美元,而截至2021年10月3日的总债务为566万美元,截至2021年1月3日的总债务为697万美元。截至2022年1月2日,该公司的债务股本比率为0.41比1.0,而截至2021年10月3日的债务股本比为0.39比1.0,截至2021年1月3日的债务股本比为0.58比1.0。
Fiscal 2022 Investments and Events
2022财年投资和事件
"Our results of operations for the first fiscal quarter ended January 2, 2022 reflect the beginning of a number of investments we are making with the objective of long-term revenue growth," commented Dale Van Voorhis, Chairman and CEO. "These investments include increasing base compensation levels, adding several full-time positions at our Georgia Park, the first year of Christmas Light and Corn Maze special events at our Missouri Park, and increasing our advertising spend. We anticipate the revenue benefits from certain of these investments will take time to build.
董事长兼首席执行官戴尔·范·沃里斯评论说:“我们在截至2022年1月2日的第一财季的经营业绩反映了我们为实现长期收入增长目标而进行的一系列投资的开始。”这些投资包括提高基本薪酬水平,在我们的佐治亚公园增加几个全职职位,在我们密苏里州公园的圣诞之光和玉米迷宫第一年特别活动中增加几个全职职位,以及增加我们的广告支出。我们预计其中某些投资的收入收益需要时间来建立。
"On a comparable 13-week basis, our year-over-year first fiscal quarter attendance based sales were down $16,819 or 0.9%, as additional revenues from the special events at our Missouri Park largely offset attendance declines at our other two parks. In comparison to the pre-COVID-19 comparable 13-weeks in both our 2020 and 2019 fiscal years, combined attendance based net sales for our Georgia and Missouri Parks increased 54.6% and 66.2%, respectively," commented Mr. Van Voorhis. "We believe the comparisons to the pre-COVID-19 periods continue to illustrate that we have established a strong higher base of net attendance based sales on which to continue to build our business for the future.
范·沃里斯评论说:“在可比的13周的基础上,我们第一财季基于参观人数的销售额同比下降了16,819美元,降幅为0.9%,因为密苏里州公园举办特别活动带来的额外收入很大程度上抵消了其他两个公园游客人数的下降。与2020年和2019年的”新冠肺炎“之前的可比13周相比,佐治亚州公园和密苏里州公园基于参观人数的综合净销售额分别增长了54.6%和66.2%。”我们相信,与“新冠肺炎”诞生前的比较继续表明,我们已经建立了一个强大的、更高的基于净上座率的销售基础,未来我们的业务将在此基础上继续发展。
"As noted in our fourth quarter 2021 fiscal year earnings release, our 2022 fiscal year plans include investing nearly $3.0 million of capital across all three of our Parks. These investments include a new giraffe exhibit, which will become the showcase attraction at our Georgia Park. I am also excited to announce that we recently welcomed a female baby giraffe, born at our Georgia Park in late January 2022. I want to thank the animal keepers at our Georgia Park for their extra efforts in caring for this baby.
“正如我们在2021财年第四季度发布的财报中指出的那样,我们2022财年的计划包括在我们的三个公园投资近300万美元。这些投资包括一个新的长颈鹿展览,它将成为我们佐治亚公园的展示景点。我还兴奋地宣布,我们最近迎来了一只雌性长颈鹿宝宝,它将于2022年1月下旬在我们的佐治亚公园出生。我想感谢佐治亚公园的动物饲养员为照顾这只小长颈鹿所做的额外努力。”
"In summary, we remain focused on building our Company for the future and prudently investing to support and sustain that growth. The team at each of our Parks is working hard on these investments and in preparing for the 2022 fiscal year busy season. I thank them and our investors for your continuing support."
总而言之,我们仍然专注于为未来建设我们的公司,并谨慎投资以支持和维持这种增长。我们每个园区的团队都在努力进行这些投资,并为2022财年的旺季做准备。我感谢他们和我们的投资者给予的持续支持。
About Parks! America, Inc.
关于帕克斯!美国公司
Parks! America, Inc. (OTCPink: PRKA), through its wholly owned subsidiaries, owns and operates three regional theme parks - the Wild Animal Safari theme park in Pine Mountain, Georgia, the Wild Animal Safari theme park located in Strafford, Missouri, as well as the Aggieland Wild Animal Safari theme park, located near Bryan/College Station, Texas, which was acquired on April 27, 2020.
帕克斯!美国公司(OTCPINK:PRKA)通过其全资子公司拥有并运营三个地区性主题公园-佐治亚州松山的野生动物野生动物园主题公园、密苏里州斯特拉福德的野生动物野生动物园主题公园以及位于德克萨斯州布赖恩/大学站附近的Aggieland野生动物野生动物园主题公园,该主题公园于2020年4月27日被收购。
Additional information, including our Form 10-K for the fiscal year ended October 3, 2021, is available on the Company's website,
更多信息,包括我们截至2021年10月3日的财政年度的10-K表格,可在公司网站上查阅,
Cautionary Note Regarding Forward-Looking Statements
有关前瞻性陈述的注意事项
Except for historical information contained herein, this news release contains certain "forward-looking statements" within the meaning of U.S. securities laws. You are cautioned to not place undue reliance on these forward-looking statements; actual results or outcomes could differ materially due to factors including, but not limited to: general market conditions, adverse weather, and industry competition. Additional risks have been added to the Company's business by the near-term and long-term impacts of the COVID-19 pandemic on the operations of its Parks, including customers perceptions of engaging in the activities involved in visiting its Parks, its ability to hire and retain associates in light of the issues posed by the COVID-19 pandemic, and its ability to maintain sufficient cash to fund operations due to the potential negative impact on its revenues associated with disruptions in demand as a result of the pandemic. The Company believes that expectations reflected in forward-looking statements are reasonable, however it can give no assurances that such expectations will be realized, and actual results could differ materially. The Company assumes no obligation to update any of these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting these forward-looking statements, except as required by applicable law. A further description of these risks, uncertainties and other matters can be found in the Company's annual report and other reports filed from time to time with the Securities and Exchange Commission, including but not limited to the Company's Annual Report on Form 10-K for the fiscal year ended October 3, 2021.
除本文包含的历史信息外,本新闻稿还包含某些符合美国证券法含义的“前瞻性陈述”。告诫您不要过度依赖这些前瞻性陈述;实际结果或结果可能会因为一些因素而大不相同,这些因素包括但不限于:一般市场状况、不利天气和行业竞争。新冠肺炎疫情对其园区运营的短期和长期影响给公司的业务增加了额外的风险,包括客户对参与参观园区活动的看法,鉴于新冠肺炎疫情带来的问题,公司雇用和留住员工的能力,以及由于疫情可能对公司收入造成的负面影响而导致的需求中断,公司保持充足现金为运营提供资金的能力。该公司认为,前瞻性陈述中反映的预期是合理的,但它不能保证这些预期一定会实现,实际结果可能大不相同。除非适用法律要求,否则公司没有义务更新这些前瞻性陈述中的任何一项,以反映实际结果、假设的变化或影响这些前瞻性陈述的其他因素的变化。有关这些风险、不确定性和其他事项的进一步描述,可以在公司的年报和其他不时提交给证券交易委员会的报告中找到,包括但不限于公司截至2021年10月3日的会计年度的Form 10-K年报。
Contact: Todd R. White
Chief Financial Officer
(706) 663-8744
todd.white@animalsafari.com
联系人:托德·R·怀特
首席财务官
(706) 663-8744
邮箱:todd.White@AnimalSafari.com
PARKS! AMERICA, INC. AND SUBSIDIARIES | ||||||||
CONSOLIDATED STATEMENTS OF OPERATIONS | ||||||||
For the Three Months Ended January 2, 2022 and January 3, 2021 | ||||||||
For the three months ended | ||||||||
January 2, 2022 | January 3, 2021 | |||||||
Net sales | $ | 1,942,051 | $ | 2,155,475 | ||||
Sale of animals | 2,707 | 71,724 | ||||||
Total net sales | 1,944,758 | 2,227,199 | ||||||
Cost of sales | 283,036 | 259,995 | ||||||
Selling, general and administrative | 1,976,797 | 1,399,845 | ||||||
Depreciation and amortization | 193,075 | 167,200 | ||||||
(Gain) loss on disposal of operating assets | (18,000 | ) | 4,675 | |||||
(Loss) income from operations | (490,150 | ) | 395,484 | |||||
Other income, net | 26,906 | 14,564 | ||||||
Interest expense | (68,896 | ) | (91,413 | ) | ||||
(Loss) income before income taxes | (532,140 | ) | 318,635 | |||||
Income tax (benefit) provision | (110,200 | ) | 90,700 | |||||
Net (loss) income | $ | (421,940 | ) | $ | 227,935 | |||
(Loss) income per share - basic and diluted | $ | (0.01 | ) | $ | 0.00 | |||
Weighted average shares outstanding (in 000's) - basic and diluted | 75,124 | 75,021 |
帕克斯!美国公司和子公司 | ||||||||
合并业务报表 | ||||||||
截至2022年1月2日和2021年1月3日的三个月 | ||||||||
在截至的三个月内 | ||||||||
2022年1月2日 | 2021年1月3日 | |||||||
净销售额 | $ | 1,942,051 | $ | 2,155,475 | ||||
出售动物 | 2,707 | 71,724 | ||||||
总净销售额 | 1,944,758 | 2,227,199 | ||||||
销售成本 | 283,036 | 259,995 | ||||||
销售、一般和行政 | 1,976,797 | 1,399,845 | ||||||
折旧及摊销 | 193,075 | 167,200 | ||||||
(收益)处置经营性资产亏损 | (18,000 | ) | 4,675 | |||||
营业收入(亏损) | (490,150 | ) | 395,484 | |||||
其他收入,净额 | 26,906 | 14,564 | ||||||
利息支出 | (68,896 | ) | (91,413 | ) | ||||
所得税前收入(亏损) | (532,140 | ) | 318,635 | |||||
所得税(福利)拨备 | (110,200 | ) | 90,700 | |||||
净(亏损)收入 | $ | (421,940 | ) | $ | 227,935 | |||
(亏损)每股收益-基本和稀释后收益 | $ | (0.01 | ) | $ | 0.00 | |||
加权平均流通股(以千股为单位)-基本和稀释 | 75,124 | 75,021 |
PARKS! AMERICA, INC. AND SUBSIDIARIES | ||||||||||||||||
ATTENDANCE BASED NET SALES BY PARK | ||||||||||||||||
Reported | Comparable 13-Weeks | |||||||||||||||
For the three months ended | For the three months ended | |||||||||||||||
January 2, 2022 | January 3, 2021 | January 2, 2022 | January 3, 2021 | |||||||||||||
Georgia | $ | 1,308,440 | $ | 1,524,576 | $ | 1,308,440 | $ | 1,392,025 | ||||||||
Missouri | 267,395 | 213,178 | 267,395 | 188,059 | ||||||||||||
Texas | 366,216 | 417,721 | 366,216 | 378,786 | ||||||||||||
Total attendance based sales | $ | 1,942,051 | $ | 2,155,475 | $ | 1,942,051 | $ | 1,958,870 |
帕克斯!美国公司和子公司 | ||||||||||||||||
按公园基于上座率的净销售额 | ||||||||||||||||
已报告 | 可比的13周 | |||||||||||||||
在截至的三个月内 | 在截至的三个月内 | |||||||||||||||
2022年1月2日 | 2021年1月3日 | 2022年1月2日 | 2021年1月3日 | |||||||||||||
佐治亚州 | $ | 1,308,440 | $ | 1,524,576 | $ | 1,308,440 | $ | 1,392,025 | ||||||||
密苏里 | 267,395 | 213,178 | 267,395 | 188,059 | ||||||||||||
德克萨斯州 | 366,216 | 417,721 | 366,216 | 378,786 | ||||||||||||
基于出勤率的销售总额 | $ | 1,942,051 | $ | 2,155,475 | $ | 1,942,051 | $ | 1,958,870 |
PARKS! AMERICA, INC. AND SUBSIDIARIES | ||||||||||||
CONSOLIDATED BALANCE SHEETS | ||||||||||||
As of January 2, 2022, October 3, 2021 and January 3, 2021 | ||||||||||||
January 2, 2022 | October 3, 2021 | January 3, 2021 | ||||||||||
ASSETS | ||||||||||||
Cash | $ | 5,875,181 | $ | 6,654,348 | $ | 5,615,622 | ||||||
Accounts receivable | 6,810 | 4,469 | - | |||||||||
Inventory | 460,691 | 314,103 | 299,631 | |||||||||
Prepaid expenses | 324,173 | 175,248 | 195,570 | |||||||||
Total current assets | 6,666,855 | 7,148,168 | 6,110,823 | |||||||||
Property and equipment, net | 13,904,735 | 13,806,868 | 13,713,382 | |||||||||
Right of use asset, net | 309,661 | - | - | |||||||||
Intangible assets, net | 10,691 | 10,966 | - | |||||||||
Other assets | 15,974 | 15,974 | 12,144 | |||||||||
Total assets | $ | 20,907,916 | $ | 20,981,976 | $ | 19,836,349 | ||||||
LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||||||||
Liabilities | ||||||||||||
Accounts payable | $ | 304,845 | $ | 221,414 | $ | 145,442 | ||||||
Other current liabilities | 662,148 | 531,347 | 764,939 | |||||||||
Current portion of finance lease obligation | 155,836 | - | - | |||||||||
Current portion of long-term debt, net | 707,639 | 699,483 | 1,274,580 | |||||||||
Total current liabilities | 1,830,468 | 1,452,244 | 2,184,961 | |||||||||
Long-term portion of finance lease obligation | 149,804 | - | - | |||||||||
Long-term debt, net | 4,780,032 | 4,960,180 | 5,697,446 | |||||||||
Total liabilities | 6,760,304 | 6,412,424 | 7,882,407 | |||||||||
Stockholders' equity | ||||||||||||
Common stock | 75,124 | 75,124 | 75,021 | |||||||||
Capital in excess of par | 4,934,212 | 4,934,212 | 4,889,316 | |||||||||
Treasury stock | (3,250 | ) | (3,250 | ) | (3,250 | ) | ||||||
Retained earnings | 9,141,526 | 9,563,466 | 6,992,855 | |||||||||
Total stockholders' equity | 14,147,612 | 14,569,552 | 11,953,942 | |||||||||
Total liabilities and stockholders' equity | $ | 20,907,916 | $ | 20,981,976 | $ | 19,836,349 |
帕克斯!美国公司和子公司 | ||||||||||||
综合资产负债表 | ||||||||||||
截至2022年1月2日、2021年10月3日和2021年1月3日 | ||||||||||||
2022年1月2日 | 2021年10月3日 | 2021年1月3日 | ||||||||||
资产 | ||||||||||||
现金 | $ | 5,875,181 | $ | 6,654,348 | $ | 5,615,622 | ||||||
应收账款 | 6,810 | 4,469 | - | |||||||||
库存 | 460,691 | 314,103 | 299,631 | |||||||||
预付费用 | 324,173 | 175,248 | 195,570 | |||||||||
流动资产总额 | 6,666,855 | 7,148,168 | 6,110,823 | |||||||||
财产和设备,净值 | 13,904,735 | 13,806,868 | 13,713,382 | |||||||||
使用权资产净额 | 309,661 | - | - | |||||||||
无形资产净额 | 10,691 | 10,966 | - | |||||||||
其他资产 | 15,974 | 15,974 | 12,144 | |||||||||
总资产 | $ | 20,907,916 | $ | 20,981,976 | $ | 19,836,349 | ||||||
负债和股东权益 | ||||||||||||
负债 | ||||||||||||
应付帐款 | $ | 304,845 | $ | 221,414 | $ | 145,442 | ||||||
其他流动负债 | 662,148 | 531,347 | 764,939 | |||||||||
融资租赁义务的当期部分 | 155,836 | - | - | |||||||||
长期债务的当期部分,净额 | 707,639 | 699,483 | 1,274,580 | |||||||||
流动负债总额 | 1,830,468 | 1,452,244 | 2,184,961 | |||||||||
融资租赁义务的长期部分 | 149,804 | - | - | |||||||||
长期债务,净额 | 4,780,032 | 4,960,180 | 5,697,446 | |||||||||
总负债 | 6,760,304 | 6,412,424 | 7,882,407 | |||||||||
股东权益 | ||||||||||||
普通股 | 75,124 | 75,124 | 75,021 | |||||||||
超出面值的资本 | 4,934,212 | 4,934,212 | 4,889,316 | |||||||||
库存股 | (3,250 | ) | (3,250 | ) | (3,250 | ) | ||||||
留存收益 | 9,141,526 | 9,563,466 | 6,992,855 | |||||||||
股东权益总额 | 14,147,612 | 14,569,552 | 11,953,942 | |||||||||
总负债和股东权益 | $ | 20,907,916 | $ | 20,981,976 | $ | 19,836,349 |