Company: SWAGW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109289
Chunk: 39

Company: Stran & Company, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part II, Item 8
Chunk 39
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     82.7% 
    $987  
     5.9%
  
    SLS 
     8,338  
     32.1% 
     3,488  
     17.3% 
     4,850  
     139.0%
  
    Total sales 
    $25,981  
     100.0% 
    $20,144  
     100.0% 
    $5,837  
     29.0%

Our total
sales increased 29.0% to approximately $26.0 million
for the three months ended September 30, 2025, from approximately $20.1 million
for the three months ended September 30, 2024. Sales by our Stran segment increased
to approximately $17.6 million for the three months ended September 30, 2025 from approximately
$16.7 million for the three months ended September 30, 2024. Sales by our SLS segment (which consists
of the former Gander Group business) increased to approximately $8.3 million for the three months ended September 30, 2025 from
$3.5 million for the three months ended September 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  
       
    Three Months  

    Ended  
       
    Ended  

    September 30,  
       
    September 30,  
       
    Increase / (Decrease) 

    2025  
    %
    of Total  
    2024  
    %
    of Total  
    $  
    % 
  
    Stran 
    $12,133  
     64.2% 
    $11,362  
     80.1% 
    $771  
     6.8%
  
    SLS 
     6,776  
     35.8% 
     2,830  
     19.9%