Parks! America, Inc. (PNK:PRKA) Q1 2024 Earnings Call Transcript

Parks! America, Inc. (PNK:PRKA) Q1 2024 Earnings Call Transcript February 14, 2024

Parks! America, Inc. isn't one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here).

Operator: Good afternoon, and welcome to the Parks! America Inc. Reports First Quarter Fiscal Year 2024 Financial Results Conference Call. [Operator Instructions]. As a reminder, today's event is being recorded. At this time, I'd like to turn the floor over to Joe Dorame, Managing Partner at Lytham Partners. Please go ahead.

Joe Dorame: Good afternoon, and thank you for joining us today to review Parks! America's financial results for the first quarter of fiscal 2024 quarter ended December 31, 2023. With us today on the call are Lisa Brady, Chief Executive Officer; and Todd White, Chief Financial Officer. Before we begin with prepared remarks, I would like to remind everyone certain statements made by the management team of Parks! America during this conference call constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Except for the statements of historical fact, this conference call may contain forward-looking statements that involve risks and uncertainties, some of which are detailed under risk factors and documents filed by the company with the Securities and Exchange Commission, including the annual report on Form 10-K for the year ended October 1, 2023.

Forward-looking statements speak only as of the date the statements were made. The company can give no assurance that such forward-looking statements will prove to be correct. Parks! America does not undertake and specifically disclaims any obligation to update any forward-looking statements except as required by law. Now I'd like to turn the call over to Lisa Brady, Chief Executive Officer of Parks! America. Lisa?

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Lisa Brady: Thanks, Joe, and good afternoon, everyone. We appreciate you taking the time today to be on this call. Before I jump into operational performance for the quarter, I would like to give a quick overview of the company as this is our first quarterly earnings call. Parks! America is a regional owner and operator of 3 wild animal safari parks. We are a destination for family entertainment, offering some of the nation's best drive through wild animal safari parks. Our park's signature attraction is a multiple mile drive through safari experience where guests have the opportunity to feed more than 500 animals, including hoof stocks such as zebras, water buffalo, elk, and numerous species of antelope and deer from around the world.

Guests can experience the drive thru as part of guided tour, rent one of our safari vans, or drive their own vehicle. All three parks have a walkabout adventure zoo where animals such as sloths, lemurs, kangaroos and more are on display in a traditional zoo like setting. All three parks also have a retail gift shop, and Georgia and Missouri have a restaurant as well. Our parks appeal to families and guests of all ages and are an affordable unique experience. The three parks are located in Pine Mountain, Georgia, which is about an hour south of Atlanta, in Stratford, Missouri, about 45 minutes north of Branson, and in College Station, Texas located within approximately 2 hours of Houston, Austin and Dallas. The company owns more than 900 Acres of Land.

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