Company: SWAGW
Filing Date: 2025-03-07
Form Type: 10-Q
Source: 0001213900-25-021742
Chunk: 146

Company: Stran & Company, Inc.
Filing Date: 2025-03-07
Form: 10-Q
Item: Part I, Item 1
Chunk 146
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,  
       
    Increase / (Decrease) 

    2024  
    % of Total  
    2023  
    % of Total  
    $  
    % 
  
    Stran 
    $11,362  
     80.1% 
    $13,275  
     100.0% 
    $(1,913) 
     (14.4)%
  
    SLS 
     2,830  
     19.9% 
     —  
     —% 
     2,830  
     100.0%
  
    Total cost of sales 
    $14,192  
     100.0% 
    $13,275  
     100.0% 
    $917  
     6.9%

Our total
cost of sales increased 6.9% to approximately $14.2 million
for the three months ended September 30, 2024, from approximately $13.3 million
for the three months ended September 30, 2023. As a percentage of sales, cost of sales increased
to 70.5% for the three months ended September 30, 2024 from 67.5% for the three months
ended September 30, 2023. The increase in the dollar amount of cost of sales was primarily
due to the increase in sales of 2.4% from period to period. For the Stran segment, the decrease was primarily due to
a decrease in sales of approximately $3.0 million for the reasons 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 and gross margin percentages by segment
and in total were as follows:

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

    2024  
    % of Total  
    2023  
    % of Total  
    $  
    % 
  
    Stran 
    $5,294  
     88.9% 
    $6,399  
     100.0% 
    $(1,105) 
     (17.3)%