Company: SWAGW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109289
Chunk: 46

Company: Stran & Company, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part II, Item 8
Chunk 46
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     93.7% 
    $8,167  
     15.7%
  
    SLS 
     26,909  
     30.8% 
     3,488  
     6.3% 
     23,421  
     671.5%
  
    Total sales 
    $87,252  
     100.0% 
    $55,664  
     100.0% 
    $31,588  
     56.7%

36

Our total
sales increased 56.7% to approximately $87.3 million
for the nine months ended September 30, 2025, from approximately $55.7 million
for the nine months ended September 30, 2024. Sales by our Stran segment increased
to approximately $60.3 million for the nine months ended September 30, 2025 from approximately
$52.2 million for the nine months ended September 30, 2024. Sales by our SLS segment (which consists of the former Gander Group business)
increased to approximately $26.9 million for the nine months ended September 30, 2025 from approximately $3.5 million for the nine 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):

    Nine Months  
       
    Nine Months  

    Ended  
       
    Ended  

    September 30,  
       
    September 30,  
       
    Increase / (Decrease) 

    2025  
    %
    of Total  
    2024  
    %
    of Total  
    $  
    % 

    Stran 
    $40,448  
     65.4% 
    $35,802  
     92.7% 
    $4,646  
     13.0%
  
    SLS 
     21,381  
     34.6% 
     2,830