Company: SWAGW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109289
Chunk: 136

Company: Stran & Company, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 136
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 total
cost of sales increased 33.2% to approximately $18.9 million
for the three months ended September 30, 2025, from approximately $14.2 million
for the three months ended September 30, 2024. As a percentage of sales, total cost of sales
increased to 72.8% for the three months ended September 30, 2025 from 70.5% for the
three months ended September 30, 2024. Cost of sales by our Stran segment increased to approximately
$12.1 million for the three months ended September 30, 2025 from approximately $11.4 million for the three months ended September 30,
2024. Cost of sales by our SLS segment increased to approximately $6.8 million for the three
months ended September 30, 2025 from approximately $2.8 million for the three 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 29.0% 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):

    Three Months  
       
    Three Months  

    Ended  
       
    Ended  

    September 30,  
       
    September 30,  
       
    Increase / (Decrease) 

    2025  
    %
    of Total  
    2024  
    %
    of Total  
    $  
    % 
  
    Stran 
    $5,510  
     77.9% 
    $5,294  
     88.9% 
    $216  
     4.1%
  
    SLS 
     1,562  
     22.1% 
     658  
     11.1% 
     904  
     137.4%
  
    Total gross profit 
    $7,072  
     100.0% 
    $5,952  
     100.0% 
    $1,120