W.W. Grainger, Inc. or Expeditors International of Washington, Inc.: Who Manages SG&A Costs Better?

SG&A Cost Management: Grainger vs. Expeditors

__timestampExpeditors International of Washington, Inc.W.W. Grainger, Inc.
Wednesday, January 1, 2014381250002967125000
Thursday, January 1, 2015419900002931108000
Friday, January 1, 2016417630002995060000
Sunday, January 1, 2017442900003048895000
Monday, January 1, 2018453460003190000000
Tuesday, January 1, 2019440020003135000000
Wednesday, January 1, 2020184360003219000000
Friday, January 1, 2021160260003173000000
Saturday, January 1, 2022242930003634000000
Sunday, January 1, 2023279130003931000000
Monday, January 1, 2024333310004121000000
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Unlocking the unknown

Managing SG&A Costs: A Tale of Two Companies

In the competitive world of logistics and industrial supply, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. Over the past decade, W.W. Grainger, Inc. and Expeditors International of Washington, Inc. have demonstrated contrasting approaches to SG&A management. From 2014 to 2023, Grainger's SG&A expenses have consistently been higher, peaking at nearly $3.9 billion in 2023. In contrast, Expeditors maintained a more conservative approach, with expenses reaching just over $45 million in 2018 before dropping significantly in subsequent years.

A Decade of Change

Grainger's SG&A expenses grew by approximately 32% over the decade, reflecting its expansive growth strategy. Meanwhile, Expeditors reduced its SG&A costs by about 27% from its 2018 peak, showcasing a strategic shift towards efficiency. This divergence highlights the different paths companies can take in managing operational costs, with Grainger focusing on growth and Expeditors on cost control.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
28 Jan 2025