XPO Logistics, Inc. vs Avery Dennison Corporation: SG&A Expense Trends

SG&A Expense Trends: XPO Logistics vs. Avery Dennison

In the ever-evolving logistics and manufacturing sectors, understanding cost structures is crucial. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of XPO Logistics, Inc. and Avery Dennison Corporation from 2014 to 2023.

Key Insights

• XPO Logistics: Witnessed a dramatic rise in SG&A expenses, peaking in 2020 with a 420% increase from 2014. However, a sharp decline followed, with expenses dropping by 92% by 2023.

• Avery Dennison: Displayed a more stable trend, with a modest 15% increase over the decade, peaking in 2022.

Conclusion

While XPO's expenses fluctuated significantly, Avery Dennison maintained a steady trajectory. These trends highlight the contrasting operational strategies and market responses of these industry giants.