W.W. Grainger, Inc. or Stanley Black & Decker, Inc.: Who Manages SG&A Costs Better?

Managing SG&A Costs: A Tale of Two Giants

In the competitive landscape of industrial supply and tools, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. Over the past decade, W.W. Grainger, Inc. and Stanley Black & Decker, Inc. have demonstrated contrasting approaches to SG&A management. From 2014 to 2023, Grainger's SG&A expenses increased by approximately 32%, peaking in 2023, while Stanley's expenses grew by about 9% over the same period. Notably, Grainger's expenses surged in 2023, reaching nearly 4 billion, a 20% increase from the previous year. In contrast, Stanley's expenses showed a more stable trend, with a notable dip in 2023. This data suggests that while Grainger has been more aggressive in its spending, Stanley has maintained a more consistent approach. Understanding these trends can provide valuable insights for investors and industry analysts alike.