Bristol-Myers Squibb Company or Dr. Reddy's Laboratories Limited: Who Manages SG&A Costs Better?

Comparing SG&A strategies of two pharmaceutical giants.

__timestampBristol-Myers Squibb CompanyDr. Reddy's Laboratories Limited
Wednesday, January 1, 2014569900000038783000000
Thursday, January 1, 2015500100000042585000000
Friday, January 1, 2016500200000045702000000
Sunday, January 1, 2017484900000046372000000
Monday, January 1, 2018455100000046910000000
Tuesday, January 1, 2019487100000048890000000
Wednesday, January 1, 2020766100000050129000000
Friday, January 1, 2021769000000054559000000
Saturday, January 1, 2022781400000062081000000
Sunday, January 1, 20237772000000105931000000
Monday, January 1, 2024841400000077201000000
Loading chart...

Unlocking the unknown

SG&A Cost Management: A Tale of Two Pharmaceutical Giants

In the competitive world of pharmaceuticals, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. Bristol-Myers Squibb Company and Dr. Reddy's Laboratories Limited, two industry titans, have shown contrasting approaches over the past decade. From 2014 to 2023, Bristol-Myers Squibb's SG&A expenses fluctuated, peaking in 2022 with a 72% increase from 2018. In contrast, Dr. Reddy's Laboratories consistently increased their SG&A spending, culminating in a staggering 173% rise by 2023 compared to 2014. This divergence highlights differing strategic priorities: while Bristol-Myers Squibb may focus on cost containment, Dr. Reddy's appears to invest heavily in growth and expansion. The data for 2024 is incomplete, leaving room for speculation on future trends. As these companies navigate the ever-evolving pharmaceutical landscape, their SG&A strategies will undoubtedly play a pivotal role in their financial health.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025