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SG&A Benchmarks - Consumer Discretionary Sector
SG&A BENCHMARKS: CONSUMER DISCRETIONARY SECTOR from Schonfeld & Associates, Inc. provides SG&A spending information for 727 publicly traded companies. Of these companies, 105 are non-U.S. headquartered. SG&A expenses are composed of all the commercial expenses of operation incurred in the regular course of business pertaining to the securing of operating income. Any portion of these expenses that the company itself allocates to cost of goods sold will not be included in SG&A. SG&A expense includes advertising expense, commissions, engineering expense, marketing expense, selling expense including salaries of the salesforce, employee benefit expenses, R&D expenses, software expense and other expenses related to sales but not included in cost of goods sold. SG&A expenses are also called Operating Expenses. Frequently SG&A to Sales ratios are used to judge efficiency of management spending.
Since different industries vary significantly in their practices of classification of expenses considered to be reported within SG&A expense, SG&A BENCHMARKS is produced for individual industry sectors. SG&A spending practices may also vary with size and country so information on annual sales and headquarters city is provided.
The industry sector summary chart displays median SG&A to Sales ratio by industry as well as 10 and 90 percentile values to illustrate the range of values reported by firms within the industry. The tables for each individual industry present SG&A as a percentage of sales and the annual percentage growth rate in SG&A spending as well as in sales for each company within the industry. Comparing the growth rate of SG&A expenses and sales gives a snapshot of where the profitability of the firm may be heading. The firms are presented in three groups as defined by sales of less than $100 million, sales between $100 million and $1 billion, and sales of more than $1 billion.
Two sets of industry tabulations are presented. Alphabetical order by company name aids in locating a firm. Order by SG&A to Sales ratio showcases the 'leaner and meaner' firms in each industry.
This report will benefit anyone seeking competitive benchmark intelligence including: corporate staff, financial analysts, investment professionals, lenders, M&A advisors, appraisers and industry consultants.
For more information on SG&A Expense as a Percentage of Sales by Industry Sector, visit http://saibooks.com/
TABLE OF CONTENTS – SG&A BENCHMARKS: CONSUMER DISCRETIONARY SECTOR
Textiles, Apparel & Luxury Goods
Hotels, Restaurants & Leisure
Diversified Consumer Services
Internet & Catalog Retail
Carol J. Greenhut