Company: SWAGW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001213900-25-074995
Chunk: 375

Company: Stran & Company, Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part II, Item 8
Chunk 375
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 six 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):

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

    2025  
    % of Total  
    2024  
    % of Total  
    $  
    % 
  
    Stran 
    $28,315  
     66.0% 
    $24,440  
     100.0% 
    $3,875  
     15.9%
  
    SLS 
     14,605  
     34.0% 
     —  
     —% 
     14,605  
     100.0%
  
    Total cost of sales 
    $42,920  
     100.0% 
    $24,440  
     100.0% 
    $18,480  
     75.6%

Our total cost of sales increased 75.6% to approximately
$42.9 million for the six months ended June 30, 2025, from approximately $24.4 million for the six months ended June 30, 2024. As a percentage
of sales, total cost of sales increased to 70.0% for the six months ended June 30, 2025 from 68.8% for the six months ended June 30, 2024.
Cost of sales by our Stran segment increased to approximately $28.3 million for the six months ended June 30, 2025 from approximately
$24.4 million for the six months ended June 30, 2024. Cost of sales by our SLS segment increased to approximately $14.6 million for the
six months ended June 30, 2025 from $0 for the six months ended June 30, 2024. The increase in the dollar amount of total cost of sales
was primarily due to the increase