| 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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39 Weeks Ended |
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November 2, |
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November 3, |
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November 2, |
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November 3, |
(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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$ |
3,074.3 |
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$ |
2,853.8 |
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$ |
8,991.4 |
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$ |
8,407.0 |
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Family Dollar |
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2,671.9 |
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2,685.0 |
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8,304.1 |
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8,211.1 |
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Consolidated Net sales |
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$ |
5,746.2 |
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$ |
5,538.8 |
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$ |
17,295.5 |
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$ |
16,618.1 |
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Gross profit: |
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Dollar Tree |
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$ |
1,050.5 |
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$ |
993.7 |
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$ |
3,070.8 |
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$ |
2,909.8 |
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Family Dollar |
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654.0 |
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678.2 |
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2,009.4 |
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2,125.6 |
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Consolidated Gross profit |
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$ |
1,704.5 |
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$ |
1,671.9 |
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$ |
5,080.2 |
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$ |
5,035.4 |
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Operating income (loss): |
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Dollar Tree |
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$ |
371.7 |
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$ |
366.4 |
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$ |
1,096.7 |
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$ |
1,069.9 |
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Family Dollar |
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53.8 |
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83.7 |
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159.5 |
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341.2 |
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Corporate and support |
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(67.1 |
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(62.3 |
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(243.4 |
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(203.2 |
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Consolidated Operating income |
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358.4 |
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387.8 |
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1,012.8 |
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1,207.9 |
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Interest expense, net |
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41.4 |
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47.6 |
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122.9 |
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323.7 |
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Other expense (income), net |
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0.1 |
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0.2 |
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0.7 |
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(0.9 |
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Income before income taxes |
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$ |
316.9 |
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$ |
340.0 |
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$ |
889.2 |
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$ |
885.1 |
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As of |
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November 2, |
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February 2, |
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November 3, |
(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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$ |
421.6 |
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$ |
376.5 |
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$ |
373.5 |
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Family Dollar |
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1,874.9 |
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1,920.1 |
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4,650.1 |
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Consolidated Goodwill |
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$ |
2,296.5 |
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$ |
2,296.6 |
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$ |
5,023.6 |
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Total assets: |
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Dollar Tree |
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$ |
7,531.0 |
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$ |
3,992.6 |
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$ |
4,320.9 |
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Family Dollar |
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11,858.3 |
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9,144.7 |
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11,955.3 |
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Corporate and support |
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352.8 |
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363.9 |
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373.1 |
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Consolidated Total assets |
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$ |
19,742.1 |
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$ |
13,501.2 |
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$ |
16,649.3 |
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*Goodwill is reassigned between segments when stores are re-bannered between segments. In the 39 weeks ended November 2, 2019 and November 3, 2018, the Company reassigned $45.2 million and $28.0 million, respectively, of goodwill from Family Dollar to Dollar Tree as a result of re-bannering.
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