Stran & Company Reports 28.7% Increase in Sales and Achieves Profitability for the 2023 Fiscal Year
Stran & Company, Inc. (SWAG)
Company Research
Source: GlobeNewswire
Benefitting from Increased Operating Efficiency and Economies of Scale, Evidenced by 156% Year-Over-Year Increase in Operating Income for the Fourth Quarter of 2023 Reports Net Earnings of $883,000 for the Fourth Quarter of 2023 Conference call to be held today at 10:00 AM ET QUINCY, Mass., March 28, 2024 (GLOBE NEWSWIRE) -- Stran & Company, Inc. ("Stran" or the "Company") (NASDAQ: SWAG) (NASDAQ: SWAGW), a leading outsourced marketing solutions provider that leverages its promotional products and loyalty incentive expertise, today provided a business update and reported financial results for the year ended December 31, 2023. Andy Shape, President and CEO of Stran, commented, “We made meaningful progress throughout 2023, resulting in record sales of approximately $75.9 million, a 28.7% increase over the prior year. Additionally, our gross profit increased 50.2% to approximately $24.9 million, with our gross margin increasing to 32.8% compared to 28.1% for 2022, while achieving pr
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News
- Stran & Company Schedules First Quarter 2024 Financial Results and Business Update Conference CallGlobeNewswire
- Stran & Company Schedules Fiscal 2023 Year Financial Results and Business Update Conference CallGlobeNewswire
- Stran & Company Secures Multi-Year Agreement with One of the World’s Leading Global Professional Services FirmsGlobeNewswire
- Stran & Company, Inc. (NASDAQ: SWAG) was upgraded by analysts at TheStreet from a "d+" rating to a "c-" rating.MarketBeat
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Analyst Actions
- 2/7/24 - TheStreet
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Sec Filings
- 5/2/24 - Form 8-K
- 4/15/24 - Form 8-K
- 3/28/24 - Form 10-K
- SWAG's page on the SEC website