SG&A Expenses: A Tale of Two Companies

A Decade of Financial Strategy

Over the past decade, the Selling, General, and Administrative (SG&A) expenses of Stanley Black & Decker, Inc. and ZTO Express (Cayman) Inc. have revealed intriguing insights into their financial strategies. From 2014 to 2023, Stanley Black & Decker's SG&A expenses have shown a steady increase, peaking in 2022 with a 30% rise from 2014. However, 2023 saw a notable dip of approximately 16% from the previous year, indicating a potential shift in cost management.

In contrast, ZTO Express has experienced a remarkable growth trajectory, with SG&A expenses surging by over 350% from 2014 to 2023. This reflects the company's aggressive expansion and investment in operational capabilities. The data underscores the diverse approaches these companies have taken in navigating their respective markets, offering valuable insights into their operational priorities and financial health.