| Schedule of Segment Reporting Information, by Segment |
Information for our 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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May 2, |
|
May 4, |
(in millions) |
|
2020 |
|
2019 |
Condensed Consolidated Income Statement Data: |
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Net sales: |
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|
|
Dollar Tree |
|
$ |
3,077.5 |
|
|
$ |
2,959.3 |
|
Family Dollar |
|
3,209.3 |
|
|
2,849.4 |
|
Consolidated Net sales |
|
$ |
6,286.8 |
|
|
$ |
5,808.7 |
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|
Gross profit: |
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|
|
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Dollar Tree |
|
$ |
980.7 |
|
|
$ |
1,021.2 |
|
Family Dollar |
|
814.2 |
|
|
706.0 |
|
Consolidated Gross profit |
|
$ |
1,794.9 |
|
|
$ |
1,727.2 |
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Operating income (loss): |
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Dollar Tree |
|
$ |
282.0 |
|
|
$ |
394.2 |
|
Family Dollar |
|
175.5 |
|
|
91.9 |
|
Corporate and support |
|
(91.6 |
) |
|
(100.6 |
) |
Consolidated Operating income |
|
365.9 |
|
|
385.5 |
|
Interest expense, net |
|
40.2 |
|
|
41.4 |
|
Other expense (income), net |
|
0.5 |
|
|
0.2 |
|
Income before income taxes |
|
$ |
325.2 |
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|
$ |
343.9 |
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As of |
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May 2, |
|
February 1, |
|
May 4, |
(in millions) |
|
2020 |
|
2020 |
|
2019 |
Condensed Consolidated Balance Sheet Data: |
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Goodwill: |
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Dollar Tree |
|
$ |
421.9 |
|
|
$ |
423.8 |
|
|
$ |
386.9 |
|
Family Dollar |
|
1,559.5 |
|
|
1,559.5 |
|
|
1,909.0 |
|
Consolidated Goodwill |
|
$ |
1,981.4 |
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|
$ |
1,983.3 |
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|
$ |
2,295.9 |
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Total assets: |
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Dollar Tree |
|
$ |
8,504.7 |
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|
$ |
7,694.0 |
|
|
$ |
6,996.0 |
|
Family Dollar |
|
11,540.7 |
|
|
11,484.9 |
|
|
12,004.3 |
|
Corporate and support |
|
426.4 |
|
|
395.7 |
|
|
354.0 |
|
Consolidated Total assets |
|
$ |
20,471.8 |
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|
$ |
19,574.6 |
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|
$ |
19,354.3 |
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*Goodwill is reassigned between segments when stores are re-bannered between segments. There were no stores re-bannered between segments in the 13 weeks ended May 2, 2020. In the 13 weeks ended May 4, 2019, we reassigned $11.1 million of goodwill from Family Dollar to Dollar Tree as a result of re-bannering.
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| Disaggregation of Revenue |
The following table summarizes net sales by merchandise category for our segments:
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13 Weeks Ended |
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|
May 2, |
|
May 4, |
(in millions) |
|
2020 |
|
2019 |
|
Dollar Tree segment net sales by
merchandise category:
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Consumable |
|
$ |
1,686.5 |
|
|
54.8 |
% |
|
$ |
1,497.4 |
|
|
50.6 |
% |
Variety |
|
1,311.0 |
|
|
42.6 |
% |
|
1,358.3 |
|
|
45.9 |
% |
Seasonal |
|
80.0 |
|
|
2.6 |
% |
|
103.6 |
|
|
3.5 |
% |
Total Dollar Tree segment net sales |
|
$ |
3,077.5 |
|
|
100.0 |
% |
|
$ |
2,959.3 |
|
|
100.0 |
% |
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Family Dollar segment net sales by
merchandise category:
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Consumable |
|
$ |
2,532.1 |
|
|
78.9 |
% |
|
$ |
2,202.6 |
|
|
77.3 |
% |
Home products |
|
272.8 |
|
|
8.5 |
% |
|
242.2 |
|
|
8.5 |
% |
Apparel and accessories |
|
154.1 |
|
|
4.8 |
% |
|
173.8 |
|
|
6.1 |
% |
Seasonal and electronics |
|
250.3 |
|
|
7.8 |
% |
|
230.8 |
|
|
8.1 |
% |
Total Family Dollar segment net sales |
|
$ |
3,209.3 |
|
|
100.0 |
% |
|
$ |
2,849.4 |
|
|
100.0 |
% |
|