Operational Costs Compared: SG&A Analysis of Stanley Black & Decker, Inc. and Avery Dennison Corporation

A Comparative Analysis of SG&A Expenses: Stanley Black & Decker vs. Avery Dennison

In the ever-evolving landscape of corporate finance, understanding operational costs is crucial for stakeholders. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of two industry giants: Stanley Black & Decker, Inc. and Avery Dennison Corporation, from 2014 to 2023.

Key Insights

Over the past decade, Stanley Black & Decker consistently reported higher SG&A expenses, averaging nearly 2.9 times those of Avery Dennison. Notably, 2022 marked a peak for both companies, with Stanley Black & Decker reaching its highest at approximately 3.37 billion, while Avery Dennison saw a significant rise to 1.33 billion. However, 2023 witnessed a decline for both, with Stanley Black & Decker dropping by 16% and Avery Dennison by 11% from their respective peaks.

This trend underscores the dynamic nature of operational costs and the strategic adjustments companies must make to maintain financial health.