Company: SWAGW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001213900-25-074995
Chunk: 369

Company: Stran & Company, Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part II, Item 8
Chunk 369
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7 million for the three months ended June 30, 2024. Sales
by our Stran segment increased to approximately $21.8 million for the three months ended June 30, 2025 from approximately $16.7 million
for the three months ended June 30, 2024. Sales by our SLS segment (which consists of the former Gander Group business) increased to
approximately $10.8 million for the three months ended June 30, 2025 from $0 for the three months ended June 30, 2024. For the Stran
segment, the increase in sales was primarily due to higher spending from existing clients as well as business from new customers. For
the SLS segment, the increase in sales was due to the acquisition of the Gander Group Assets in August 2024.

Cost of Sales

Cost of sales by segment and in total were as
follows (in thousands):

    Three Months 
Ended
June 30,  
       
    Three Months 
Ended
June 30,  
       
    Increase / (Decrease) 

    2025  
    % of Total  
    2024  
    % of Total  
    $  
    % 
  
    Stran 
    $14,171  
     62.4% 
    $11,226  
     100.0% 
    $2,945  
     26.2%
  
    SLS 
     8,537  
     37.6% 
     —  
     —% 
     8,537  
     100.0%
  
    Total cost of sales 
    $22,708  
     100.0% 
    $11,226  
     100.0% 
    $11,482  
     102.3%

Our total cost of sales increased 102.3% to approximately
$22.7 million for the three months ended June 30, 2025, from approximately $11.2 million for the three months ended June 30, 2024. As
a percentage of sales, total cost of sales increased to 69.7% for the three months ended June 30, 2025 from 67.2% for the three months
ended June 30, 2024. Cost of sales by our Stran segment increased to