| 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:
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13 Weeks Ended |
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26 Weeks Ended |
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August 3, |
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August 4, |
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August 3, |
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August 4, |
(in millions) |
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2019 |
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2018 |
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2019 |
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2018 |
Condensed Consolidated Income Statement Data: |
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Net sales: |
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Dollar Tree |
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$ |
2,957.7 |
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$ |
2,768.8 |
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$ |
5,917.1 |
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$ |
5,553.2 |
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Family Dollar |
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2,782.9 |
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2,756.8 |
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5,632.2 |
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5,526.1 |
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Consolidated Net sales |
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$ |
5,740.6 |
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$ |
5,525.6 |
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$ |
11,549.3 |
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$ |
11,079.3 |
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Gross profit: |
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Dollar Tree |
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$ |
999.0 |
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$ |
955.3 |
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$ |
2,020.2 |
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$ |
1,916.1 |
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Family Dollar |
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649.5 |
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708.6 |
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1,355.5 |
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1,447.4 |
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Consolidated Gross profit |
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$ |
1,648.5 |
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$ |
1,663.9 |
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$ |
3,375.7 |
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$ |
3,363.5 |
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Operating income (loss): |
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Dollar Tree |
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$ |
334.0 |
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$ |
330.8 |
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$ |
725.0 |
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$ |
703.5 |
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Family Dollar |
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15.4 |
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113.6 |
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105.7 |
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257.5 |
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Corporate and support |
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(80.5 |
) |
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(61.9 |
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(176.3 |
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(140.9 |
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Consolidated Operating income |
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268.9 |
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382.5 |
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654.4 |
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820.1 |
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Interest expense, net |
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40.1 |
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46.1 |
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81.5 |
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276.1 |
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Other expense (income), net |
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0.4 |
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(1.3 |
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0.6 |
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(1.1 |
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Income before income taxes |
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$ |
228.4 |
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$ |
337.7 |
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$ |
572.3 |
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$ |
545.1 |
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As of |
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August 3, |
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February 2, |
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August 4, |
(in millions) |
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2019 |
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2019 |
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2018 |
Condensed Consolidated Balance Sheet Data: |
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Goodwill: |
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Dollar Tree |
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$ |
412.3 |
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$ |
376.5 |
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$ |
356.5 |
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Family Dollar |
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1,884.0 |
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1,920.1 |
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4,667.4 |
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Consolidated Goodwill |
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$ |
2,296.3 |
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$ |
2,296.6 |
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$ |
5,023.9 |
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Total assets: |
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Dollar Tree |
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$ |
7,147.2 |
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$ |
3,992.6 |
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$ |
3,869.7 |
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Family Dollar |
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11,982.2 |
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9,144.7 |
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11,875.2 |
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Corporate and support |
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364.4 |
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363.9 |
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358.7 |
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Consolidated Total assets |
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$ |
19,493.8 |
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$ |
13,501.2 |
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$ |
16,103.6 |
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*Goodwill is reassigned between segments when stores are re-bannered between segments. In the 26 weeks ended August 3, 2019 and August 4, 2018, the Company reassigned $36.1 million and $10.7 million, respectively, of goodwill from Family Dollar to Dollar Tree as a result of re-bannering.
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