Company: SWAGW
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044222
Chunk: 39

Company: Stran & Company, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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 March 31,  
       
    Three Months  Ended March 31,  
       
    Increase / (Decrease) 

    2025  
    % of Total  
    2024  
    % of Total  
    $  
    % 
  
    Stran 
    $20,935  
     73.0% 
    $18,827  
     100% 
    $2,108  
     11.2%
  
    SLS 
     7,759  
     27.0% 
     —  
     —% 
     7,759  
     100.0%
  
    Total sales 
    $28,694  
     100.0% 
    $18,827  
     100% 
    $9,867  
     52.4%

Our total
sales increased 52.4% to approximately $28.7 million
for the three months ended March 31, 2025, from approximately $18.8 million
for the three months ended March 31, 2024. Sales by our Stran segment increased to
approximately $20.9 million for the three months ended March 31, 2025 from approximately $18.8 million for the three months ended
March 31, 2024. Sales by our SLS segment (which consists of the former Gander Group business) increased
to approximately $7.8 million for the three months ended March 31, 2025 from $0 for the three months ended March 31, 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 March 31,  
       
    Three Months  Ended March 31,  
       
    Increase / (Decrease) 

    2025  
    % of Total  
    2024  
    % of Total  
    $  
    % 

    Stran 
    $14,144  
     70.0%