Company: SWAGW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109289
Chunk: 47

Company: Stran & Company, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part II, Item 8
Chunk 47
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 7.3% 
     18,551  
     655.5%
  
    Total cost of sales 
    $61,829  
     100.0% 
    $38,632  
     100.0% 
    $23,197  
     60.0%

Our total cost of sales increased 60.0% to approximately
$61.8 million for the nine months ended September 30, 2025, from approximately $38.6 million for the nine months ended September 30, 2024.
As a percentage of sales, total cost of sales increased to 70.9% for the nine months ended September 30, 2025 from 69.4% for the nine
months ended September 30, 2024. Cost of sales by our Stran segment increased to approximately $40.4 million for the nine months ended
September 30, 2025 from approximately $35.8 million for the nine months ended September 30, 2024. Cost of sales by our SLS segment increased
to approximately $21.4 million for the nine months ended September 30, 2025 from approximately $2.8 million for the nine months ended
September 30, 2024. The increase in the dollar amount of total cost of sales was primarily due to the increase in sales of 56.7% from
period to period. For the Stran segment, the increase was primarily due to the increase in sales described above. For the SLS segment,
the increase was due to the acquisition of the Gander Group Assets in August 2024.

Gross
Profit

Gross profit by segment and in total were as follows
(in thousands):

    Nine Months  
       
    Nine Months  

    Ended  
       
    Ended  

    September 30,  
       
    September 30,  
       
    Increase / (Decrease) 

    2025  
    %
    of Total  
    2024  
    %
    of Total  
    $  
    % 

    Stran 
    $19,895  
     78.3% 
    $16,374  
     96.1% 
    $3,521  
     21.5%
  
    SLS 
     5,528  
     21.