Parks! America Inc

Good afternoon, everyone. Welcome to Parks America's first quarter fiscal year 2025 earnings 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-Q. Last Friday, we followed our quarterly earnings release and our 10Q with the SEC. In our quarterly earnings release, you will find summary information related to the year-to-date fiscal 2025 segment financial results. We encourage all of our shareholders to read our complete 10Q. In a few moments, I will turn the call over to our President, Jeff Gannon, to answer any questions. First, we will begin by responding to questions previously submitted via email. Then we will take any follow-up questions from live participants on today's call. For those who would like to ask a follow-up question, you can use the raise hand feature at the bottom of your screen at any time to indicate that you have a question. When you're called on to ask a question, your line will be unmuted. When you're finished asking your question, please state that you have no further questions. Your line will be muted afterwards. We will take as many questions as possible within a 30-minute window. That concludes my instructions. I will now turn the call over to Jeff Gannon for opening remarks.

So I just wanted to update, same as I did in other quarters, that we're a highly seasonal business. And since I've come in, both advertising and sales have probably been lower than they might normally be just because our advertising expense has been lower than normal. And that will probably change soon. But the quarter that we're talking about here is earlier for reporting that than that change would happen. Our season really starts in March. And so you should expect that once we start reporting March type numbers and from then on, you'll maybe see seasonally higher advertising and all of that. So just keep that in mind when looking at it, both advertising expense and possibly sales, the extent they're driven by advertising might be a bit lower over this offseason than is normal. And that this should be the last quarter. I tell you that basically. That's that's it, Ralph. We can go to the questions.

All right, at this time, we will proceed to respond to questions previously submitted via email. If you have a follow-up question, please raise your hand and we will get back to you. First question. With extra time managing the parks, can you comment on any meaningful trends, either confirming prior issues or possibly pointing to pathways to higher revenues moving into this 2025 season?