| Schedule of Segment Reporting Information, by Segment |
Information for the Company’s segments, as well as for Corporate and support, including the reconciliation to Income before income taxes, is as follows:
|
|
|
|
|
|
|
|
|
|
|
|
13 Weeks Ended |
|
|
May 4, |
|
May 5, |
(in millions) |
|
2019 |
|
2018 |
Condensed Consolidated Income Statement Data: |
|
|
|
|
Net sales: |
|
|
|
|
Dollar Tree |
|
$ |
2,959.3 |
|
|
$ |
2,784.5 |
|
Family Dollar |
|
2,849.4 |
|
|
2,769.2 |
|
Consolidated Net sales |
|
$ |
5,808.7 |
|
|
$ |
5,553.7 |
|
|
|
|
|
|
Gross profit: |
|
|
|
|
Dollar Tree |
|
$ |
1,021.2 |
|
|
$ |
960.8 |
|
Family Dollar |
|
706.0 |
|
|
738.8 |
|
Consolidated Gross profit |
|
$ |
1,727.2 |
|
|
$ |
1,699.6 |
|
|
|
|
|
|
Operating income (loss): |
|
|
|
|
Dollar Tree |
|
$ |
390.9 |
|
|
$ |
372.7 |
|
Family Dollar |
|
90.4 |
|
|
143.8 |
|
Corporate and support |
|
(95.8 |
) |
|
(78.9 |
) |
Consolidated Operating income |
|
385.5 |
|
|
437.6 |
|
Interest expense, net |
|
41.4 |
|
|
230.0 |
|
Other expense, net |
|
0.2 |
|
|
0.2 |
|
Income before income taxes |
|
$ |
343.9 |
|
|
$ |
207.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of |
|
|
May 4, |
|
February 2, |
|
May 5, |
(in millions) |
|
2019 |
|
2019 |
|
2018 |
Condensed Consolidated Balance Sheet Data: |
|
|
|
|
|
|
Goodwill: |
|
|
|
|
|
|
Dollar Tree |
|
$ |
386.9 |
|
|
$ |
376.5 |
|
|
$ |
346.1 |
|
Family Dollar |
|
1,909.0 |
|
|
1,920.1 |
|
|
4,678.1 |
|
Consolidated Goodwill |
|
$ |
2,295.9 |
|
|
$ |
2,296.6 |
|
|
$ |
5,024.2 |
|
|
|
|
|
|
|
|
Total assets: |
|
|
|
|
|
|
Dollar Tree |
|
$ |
6,996.0 |
|
|
$ |
3,992.6 |
|
|
$ |
3,598.9 |
|
Family Dollar |
|
12,004.3 |
|
|
9,144.7 |
|
|
11,892.9 |
|
Corporate and support |
|
354.0 |
|
|
363.9 |
|
|
335.3 |
|
Consolidated Total assets |
|
$ |
19,354.3 |
|
|
$ |
13,501.2 |
|
|
$ |
15,827.1 |
|
|
|
|
|
|
|
|
*Goodwill is reassigned between segments when stores are re-bannered between segments. In the 13 weeks ended May 4, 2019, the Company reassigned $11.1 million of goodwill from Family Dollar to Dollar Tree as a result of re-bannering. There were no stores re-bannered between segments in the 13 weeks ended May 5, 2018. |
|