Bristol-Myers Squibb Company or GSK plc: Who Manages SG&A Costs Better?

SG&A Cost Management: Bristol-Myers vs. GSK

__timestampBristol-Myers Squibb CompanyGSK plc
Wednesday, January 1, 201456990000008246000000
Thursday, January 1, 201550010000009232000000
Friday, January 1, 201650020000009366000000
Sunday, January 1, 201748490000009672000000
Monday, January 1, 201845510000009915000000
Tuesday, January 1, 2019487100000011402000000
Wednesday, January 1, 2020766100000011456000000
Friday, January 1, 2021769000000010975000000
Saturday, January 1, 202278140000008372000000
Sunday, January 1, 202377720000009385000000
Monday, January 1, 20248414000000
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Infusing magic into the data realm

SG&A Cost Management: A Tale of Two Giants

In the competitive landscape of the pharmaceutical industry, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. Bristol-Myers Squibb Company and GSK plc, two titans in the field, have shown distinct approaches over the past decade. From 2014 to 2023, GSK consistently reported higher SG&A expenses, peaking in 2020 with a 14% increase from 2014. In contrast, Bristol-Myers Squibb demonstrated a more conservative approach, with expenses rising by approximately 36% over the same period. Notably, 2022 marked a pivotal year where Bristol-Myers Squibb's expenses surpassed GSK's, indicating a strategic shift. This data highlights the dynamic strategies employed by these companies in response to market pressures and operational demands. As the industry evolves, understanding these financial maneuvers offers valuable insights into corporate efficiency and strategic planning.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025