Stran & Company, Inc ( (SWAG) ) has released its Q4 earnings. Here is a breakdown of the information Stran & Company, Inc presented to its investors.
Stran & Company, Inc., a leader in outsourced marketing solutions, specializes in promotional products and loyalty incentives, serving various industries with innovative marketing strategies. In its latest earnings report, Stran & Company announced an 8.8% increase in sales, reaching $82.7 million for the fiscal year 2024, despite undergoing a significant financial re-audit for previous years. The company’s gross profit rose to $25.8 million, driven by strategic acquisitions, including the Gander Group, which contributed significantly to sales growth. However, the company reported a net loss of $4.1 million, attributed to increased operating expenses related to acquisitions and financial compliance efforts. Looking forward, Stran & Company is optimistic about surpassing $100 million in sales in 2025, focusing on organic growth and expanding into high-value verticals, supported by a robust operational foundation and a tech-driven platform.