Who Optimizes SG&A Costs Better? Stanley Black & Decker, Inc. or U-Haul Holding Company

Optimizing SG&A Costs: A Tale of Two Companies

In the competitive world of business, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. Over the past decade, Stanley Black & Decker, Inc. and U-Haul Holding Company have taken different paths in optimizing these costs. From 2014 to 2023, Stanley Black & Decker's SG&A expenses fluctuated, peaking in 2022 with a 30% increase from 2014. However, 2023 saw a notable 16% reduction, indicating a strategic shift. In contrast, U-Haul's SG&A expenses decreased by 77% from 2014 to 2023, showcasing a consistent cost-cutting strategy. This divergence highlights U-Haul's efficiency in cost management, while Stanley Black & Decker's recent reduction suggests a potential new direction. As businesses navigate economic challenges, these insights offer valuable lessons in financial stewardship.