Company: SWAGW
Filing Date: 2025-03-07
Form Type: 10-Q
Source: 0001213900-25-021742
Chunk: 52

Company: Stran & Company, Inc.
Filing Date: 2025-03-07
Form: 10-Q
Item: Part II, Item 8
Chunk 52
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 discounts, coupons redeemed,
returns and credits. Sales by segment were as follows:

    Nine Months Ended
September 30,  
       
    Nine Months Ended
September 30,  
       
    Increase / (Decrease) 

    2024  
    % of Total  
    2023  
    % of Total  
    $  
    % 

    Stran 
    $52,176  
     93.7% 
    $53,060  
     100.0% 
    $(884) 
     (1.7)%
  
    SLS 
     3,488  
     6.3% 
     —  
     —% 
     3,488  
     100.0%
  
    Total sales 
    $55,664  
     100.0% 
    $53,060  
     100.0% 
    $2,604  
     4.9%

Our sales
increased 4.9% to approximately $55.7 million
for the nine months ended September 30, 2024, from approximately $53.1 million
for the nine months ended September 30, 2023. The increase was primarily due to higher
spending from existing clients as well as business from new customers. For the Stran segment, the decrease was primarily due to lower
spending from new and existing clients. For the SLS segment, the increase was due to the acquisition of the Gander Group Assets in August
2024.

38

Cost
of Sales

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

    Nine Months Ended
September 30,  
       
    Nine Months Ended
September 30,  
       
    Increase / (Decrease) 

    2024  
    % of Total  
    2023  
    % of Total  
    $  
    % 

    Stran 
    $35,802  
     92.7% 
    $36,004  
     100.0% 
    $(202) 
     (0.6)%
  
    SLS 
     2,830  
     7.3% 
     —  
     —% 
     2,830  
     100