Parks! America Inc

Welcome to Parks America's Third Quarter Earnings 2024 Earnings Conference Call. My name is Ralph Molina, and I will be your operator for today's call. Today's call is being webcast and recorded. Before we begin, I'd like to remind everyone that our comments today will contain forward-looking statements within the meaning of the federal securities laws. These statements may involve risks and uncertainties that could cause actual results to differ from those forward-looking statements. For a more detailed discussion of those risks, you may refer to the company's filings with the SEC. In addition, we may reference non-GAAP financial measures and other financial metrics on the call. More information regarding our forward-looking statements and reconciliations of non-GAAP measures to the most comparable GAAP measure is included in our Form 10-K and Form 10-Q filed with the SEC. Earlier today, we filed our quarterly earnings release in Form 10-Q with the SEC. In our quarterly earnings release, you will find strategic highlights and segment results for each of our parks. For additional information, you can refer to our Form 10-Q. In a few moments, I will turn the call over to our President, Jeff Gannon, to answer any questions. All participants on today's call are invited to ask a question. For those who would like to ask a question, I'll take a few moments to provide instructions on how to do so. There are two ways to ask a question. First, you can ask a question if you're joined using the Zoom platform. Second, you can ask a question if you're dialed into the teleconference phone line. For those joined using the Zoom platform, you can use the raise hand feature at the bottom of your screen to indicate that you have a question. When you are called on to ask a question, your line will be unmuted. When you are finished asking your questions, please state that you have no further questions. Your line will be muted afterwards. For those dialed into the teleconference line, you can email me at ralph at parksamerica.com with the subject line question from your phone number to indicate that you would like to ask a question. When you are called on to ask a question, you will be asked to press star six to unmute your line. When you're finished asking your questions, please state that you have no further questions. Your line will be muted afterwards. For today's call, those who are joined using the Zoom platform will have the first opportunity to ask a question. After that, those who are dialed into the teleconference line will have an opportunity to ask a question. We'll take as many questions as possible. That concludes my instructions. I'll turn the call over to Jeff Gannon for opening remarks.

Okay, so I wanted to talk about two points here. One has to do with GMs. The company is leasing a house in College Station through the end of the next fiscal year, September 2025. I have relocated to College Station to act as the GM of Aggieland. The plan is to attempt a turnaround of Aggieland during fiscal year 2025. This is a limited-time effort, and it should not be assumed the park will be operated indefinitely if it does not turn around within the next year. We have two excellent GMs at the other two parks. Patty continues to run Missouri, where she's recently driven improved results compared to the park's past lousy performance. And Mike has returned to being the GM of Georgia. Mike had long been the GM of Georgia during the years in which it had consistent year-over-year improvements. The other point is on advertising. We dropped the ad agency we were using. We are currently developing new advertising for all three parks. The first evidence of these will be billboards for Aggieland that could appear within a month. After the reset of advertising at Aggieland, we will retool and relaunch advertising in Georgia and then Missouri. This may result in a gap of several months during which there is very limited advertising at some parks. That's it for me, Ralph. Back to you.

At this time, I would like to invite all participants to indicate if you have a question. For anyone who is using the Zoom platform, please raise your hand. For anyone who is dialed in to the teleconference line, please email me at ralph at parksamerica.com, indicating that you have a question. I'll give a few moments for people to indicate if they have a question. The first question comes from Justin Toner. Justin, your line is open. Please ask your question.