| 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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26 Weeks Ended |
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August 1, |
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August 3, |
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August 1, |
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August 3, |
(in millions) |
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2020 |
|
2019 |
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2020 |
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2019 |
Condensed Consolidated Income Statement Data: |
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Net sales: |
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Dollar Tree |
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$ |
3,176.9 |
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$ |
2,957.7 |
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$ |
6,254.4 |
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$ |
5,917.1 |
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Family Dollar |
|
3,100.7 |
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|
2,782.9 |
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6,310.0 |
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|
5,632.2 |
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Consolidated Net sales |
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$ |
6,277.6 |
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$ |
5,740.6 |
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$ |
12,564.4 |
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$ |
11,549.3 |
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Gross profit: |
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Dollar Tree |
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$ |
1,071.9 |
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$ |
999.0 |
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$ |
2,052.6 |
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$ |
2,020.2 |
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Family Dollar |
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844.3 |
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|
649.5 |
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1,658.5 |
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1,355.5 |
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Consolidated Gross profit |
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$ |
1,916.2 |
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$ |
1,648.5 |
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$ |
3,711.1 |
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$ |
3,375.7 |
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Operating income (loss): |
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Dollar Tree |
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$ |
306.6 |
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$ |
337.1 |
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$ |
588.6 |
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$ |
731.3 |
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Family Dollar |
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165.1 |
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16.8 |
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|
340.6 |
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|
108.7 |
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Corporate and support |
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(96.8 |
) |
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(85.0 |
) |
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(188.4 |
) |
|
(185.6 |
) |
Consolidated Operating income |
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374.9 |
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268.9 |
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740.8 |
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|
654.4 |
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Interest expense, net |
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34.8 |
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40.1 |
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75.0 |
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|
81.5 |
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Other expense, net |
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0.2 |
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0.4 |
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0.7 |
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0.6 |
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Income before income taxes |
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$ |
339.9 |
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$ |
228.4 |
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$ |
665.1 |
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$ |
572.3 |
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As of |
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August 1, |
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February 1, |
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August 3, |
(in millions) |
|
2020 |
|
2020 |
|
2019 |
Condensed Consolidated Balance Sheet Data: |
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Goodwill: |
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Dollar Tree |
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$ |
423.5 |
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$ |
423.8 |
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$ |
412.3 |
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Family Dollar |
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1,559.5 |
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1,559.5 |
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1,884.0 |
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Consolidated Goodwill |
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$ |
1,983.0 |
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$ |
1,983.3 |
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$ |
2,296.3 |
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Total assets: |
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Dollar Tree |
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$ |
8,531.2 |
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$ |
7,694.0 |
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$ |
7,147.2 |
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Family Dollar |
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11,689.7 |
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|
11,484.9 |
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|
11,982.2 |
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Corporate and support |
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450.1 |
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|
395.7 |
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|
364.4 |
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Consolidated Total assets |
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$ |
20,671.0 |
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$ |
19,574.6 |
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$ |
19,493.8 |
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*Goodwill is reassigned between segments when previously acquired stores are re-bannered between segments. The goodwill related to previously acquired re-bannered stores in the 26 weeks ended August 1, 2020 was not material. In the 26 weeks ended August 3, 2019, we reassigned $36.1 million of goodwill from Family Dollar to Dollar Tree as a result of re-bannering.
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| Disaggregation of Revenue |
The following table summarizes net sales by merchandise category for our segments:
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13 Weeks Ended |
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26 Weeks Ended |
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August 1, |
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August 3, |
|
August 1, |
|
August 3, |
(in millions) |
|
2020 |
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2019 |
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2020 |
|
2019 |
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Dollar Tree segment net sales by
merchandise category:
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Consumable |
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$ |
1,528.2 |
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48.1 |
% |
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$ |
1,514.4 |
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51.2 |
% |
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$ |
3,214.7 |
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51.4 |
% |
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$ |
3,011.8 |
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50.9 |
% |
Variety |
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1,641.1 |
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51.7 |
% |
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1,440.4 |
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48.7 |
% |
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2,952.1 |
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47.2 |
% |
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2,798.8 |
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47.3 |
% |
Seasonal |
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7.6 |
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0.2 |
% |
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2.9 |
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0.1 |
% |
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87.6 |
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1.4 |
% |
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106.5 |
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1.8 |
% |
Total Dollar Tree segment net sales |
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$ |
3,176.9 |
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100.0 |
% |
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$ |
2,957.7 |
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100.0 |
% |
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$ |
6,254.4 |
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100.0 |
% |
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$ |
5,917.1 |
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100.0 |
% |
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Family Dollar segment net sales by
merchandise category:
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Consumable |
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$ |
2,289.7 |
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73.8 |
% |
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$ |
2,144.6 |
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77.1 |
% |
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$ |
4,821.8 |
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76.4 |
% |
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$ |
4,347.2 |
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77.2 |
% |
Home products |
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289.8 |
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9.3 |
% |
|
204.2 |
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7.3 |
% |
|
562.6 |
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8.9 |
% |
|
446.3 |
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7.9 |
% |
Apparel and accessories |
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206.3 |
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6.7 |
% |
|
176.5 |
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6.3 |
% |
|
360.4 |
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5.7 |
% |
|
350.3 |
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6.2 |
% |
Seasonal and electronics |
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314.9 |
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10.2 |
% |
|
257.6 |
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9.3 |
% |
|
565.2 |
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9.0 |
% |
|
488.4 |
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|
8.7 |
% |
Total Family Dollar segment net sales |
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$ |
3,100.7 |
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100.0 |
% |
|
$ |
2,782.9 |
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|
100.0 |
% |
|
$ |
6,310.0 |
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|
100.0 |
% |
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$ |
5,632.2 |
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|
100.0 |
% |
|