Blueprint Medicines Corporation or Perrigo Company plc: Who Manages SG&A Costs Better?

SG&A Cost Management: Blueprint vs. Perrigo

__timestampBlueprint Medicines CorporationPerrigo Company plc
Wednesday, January 1, 20147890000675200000
Thursday, January 1, 201514456000771800000
Friday, January 1, 2016192180001205500000
Sunday, January 1, 2017279860001146500000
Monday, January 1, 2018479280001125800000
Tuesday, January 1, 2019963880001166100000
Wednesday, January 1, 20201577430001175500000
Friday, January 1, 20211952930001111400000
Saturday, January 1, 20222373740001210100000
Sunday, January 1, 20232951410001274600000
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Cracking the code

SG&A Cost Management: A Tale of Two Companies

In the competitive landscape of pharmaceuticals, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. Blueprint Medicines Corporation and Perrigo Company plc, two industry players, showcase contrasting strategies over the past decade. From 2014 to 2023, Blueprint Medicines saw a staggering 3,640% increase in SG&A expenses, starting from a modest $7.89 million to nearly $295 million. In contrast, Perrigo's SG&A costs grew by 89%, from $675 million to $1.27 billion.

A Closer Look at Trends

Blueprint's rapid expansion reflects its aggressive growth strategy, while Perrigo's steadier increase suggests a focus on maintaining operational efficiency. Despite Blueprint's smaller scale, its SG&A expenses have grown at a much faster rate, indicating a potential area for cost optimization. Investors and stakeholders should consider these trends when evaluating the financial health and strategic direction of these companies.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025