Stran & Company, Inc. reported significant financial growth in its quarterly earnings for the period ending June 30, 2025, with total sales reaching $32.6 million, a 95.2% increase from $16.7 million in the same period last year. For the first half of 2025, the company generated $61.3 million in sales, up 72.5% from $35.5 million in the first half of 2024. The increase in revenue is attributed to higher spending from existing clients and new customer acquisitions, as well as the impact of the acquisition of Gander Group Assets in August 2024.
The company's gross profit for the second quarter was approximately $9.9 million, representing a gross margin of 30.3%, down from 32.8% in the prior year. This decline in margin is primarily due to the lower gross margin associated with the Gander Group's operations. Operating expenses also increased, totaling $9.5 million for the quarter, which is a 44.1% rise compared to $6.6 million in the previous year. Despite these rising costs, Stran reported a net income of $643,000 for the quarter, a notable recovery from a net loss of $1.0 million in the same quarter of 2024.
In terms of operational metrics, Stran's customer base remains strong, with over 2,000 active customers, although only a small fraction are considered program clients with ongoing contractual obligations. The company continues to focus on expanding its service offerings, including promotional products and loyalty programs, which accounted for 80.2% of total revenue in the second quarter. The acquisition of Gander Group has also allowed Stran to diversify its product offerings and enhance its market presence, particularly in the casino and gaming sectors.
Looking ahead, Stran & Company expressed optimism about its growth trajectory, citing plans to further integrate the Gander Group's operations and expand its customer base. The company is also navigating challenges related to U.S. tariffs on imported goods, which may impact pricing and customer retention. As of June 30, 2025, Stran reported total assets of approximately $61.2 million and stockholders' equity of $31.8 million, indicating a solid financial foundation for future growth initiatives.
About Stran & Company, Inc.
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