| Schedule of Segment Reporting Information, by Segment |
Information for our segments, as well as for Corporate, support and Other, including the reconciliation to Income before income taxes, is as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13 Weeks Ended |
|
39 Weeks Ended |
|
|
October 31, |
|
November 2, |
|
October 31, |
|
November 2, |
(in millions) |
|
2020 |
|
2019 |
|
2020 |
|
2019 |
Condensed Consolidated Income Statement Data: |
|
|
|
|
|
|
|
|
Net sales: |
|
|
|
|
|
|
|
|
Dollar Tree |
|
$ |
3,303.2 |
|
|
$ |
3,074.3 |
|
|
$ |
9,557.6 |
|
|
$ |
8,991.4 |
|
Family Dollar |
|
2,873.5 |
|
|
2,671.9 |
|
|
9,183.5 |
|
|
8,304.1 |
|
Corporate, support and Other |
|
0.3 |
|
|
— |
|
|
0.3 |
|
|
— |
|
Consolidated Net sales |
|
$ |
6,177.0 |
|
|
$ |
5,746.2 |
|
|
$ |
18,741.4 |
|
|
$ |
17,295.5 |
|
|
|
|
|
|
|
|
|
|
Gross profit: |
|
|
|
|
|
|
|
|
Dollar Tree |
|
$ |
1,154.2 |
|
|
$ |
1,050.5 |
|
|
$ |
3,206.8 |
|
|
$ |
3,070.8 |
|
Family Dollar |
|
769.9 |
|
|
654.0 |
|
|
2,428.4 |
|
|
2,009.4 |
|
Corporate, support and Other |
|
0.3 |
|
|
— |
|
|
0.3 |
|
|
— |
|
Consolidated Gross profit |
|
$ |
1,924.4 |
|
|
$ |
1,704.5 |
|
|
$ |
5,635.5 |
|
|
$ |
5,080.2 |
|
|
|
|
|
|
|
|
|
|
Operating income (loss): |
|
|
|
|
|
|
|
|
Dollar Tree |
|
$ |
417.9 |
|
|
$ |
374.6 |
|
|
$ |
1,006.5 |
|
|
$ |
1,105.9 |
|
Family Dollar |
|
131.4 |
|
|
55.2 |
|
|
472.0 |
|
|
163.9 |
|
Corporate, support and Other |
|
(83.8 |
) |
|
(71.4 |
) |
|
(272.2 |
) |
|
(257.0 |
) |
Consolidated Operating income |
|
465.5 |
|
|
358.4 |
|
|
1,206.3 |
|
|
1,012.8 |
|
Interest expense, net |
|
38.1 |
|
|
41.4 |
|
|
113.1 |
|
|
122.9 |
|
Other expense, net |
|
0.1 |
|
|
0.1 |
|
|
0.8 |
|
|
0.7 |
|
Income before income taxes |
|
$ |
427.3 |
|
|
$ |
316.9 |
|
|
$ |
1,092.4 |
|
|
$ |
889.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of |
|
|
October 31, |
|
February 1, |
|
November 2, |
(in millions) |
|
2020 |
|
2020 |
|
2019 |
Condensed Consolidated Balance Sheet Data: |
|
|
|
|
|
|
Goodwill: |
|
|
|
|
|
|
Dollar Tree |
|
$ |
423.6 |
|
|
$ |
423.8 |
|
|
$ |
421.6 |
|
Family Dollar |
|
1,559.5 |
|
|
1,559.5 |
|
|
1,874.9 |
|
Consolidated Goodwill |
|
$ |
1,983.1 |
|
|
$ |
1,983.3 |
|
|
$ |
2,296.5 |
|
|
|
|
|
|
|
|
Total assets: |
|
|
|
|
|
|
Dollar Tree |
|
$ |
8,467.4 |
|
|
$ |
7,694.0 |
|
|
$ |
7,531.0 |
|
Family Dollar |
|
11,703.0 |
|
|
11,484.9 |
|
|
11,858.3 |
|
Corporate, support and Other |
|
481.8 |
|
|
395.7 |
|
|
352.8 |
|
Consolidated Total assets |
|
$ |
20,652.2 |
|
|
$ |
19,574.6 |
|
|
$ |
19,742.1 |
|
|
|
|
|
|
|
|
*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 39 weeks ended October 31, 2020 was not material. In the 39 weeks ended November 2, 2019, we reassigned $45.2 million of goodwill from Family Dollar to Dollar Tree as a result of re-bannering.
|
| Disaggregation of Revenue |
The following table summarizes net sales by merchandise category for our segments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13 Weeks Ended |
|
39 Weeks Ended |
|
|
October 31, |
|
November 2, |
|
October 31, |
|
November 2, |
(in millions) |
|
2020 |
|
2019 |
|
2020 |
|
2019 |
|
Dollar Tree segment net sales by
merchandise category:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumable |
|
$ |
1,564.1 |
|
|
47.4 |
% |
|
$ |
1,555.8 |
|
|
50.6 |
% |
|
$ |
4,778.8 |
|
|
50.0 |
% |
|
$ |
4,567.6 |
|
|
50.8 |
% |
Variety |
|
1,520.9 |
|
|
46.0 |
% |
|
1,328.3 |
|
|
43.2 |
% |
|
4,473.0 |
|
|
46.8 |
% |
|
4,127.1 |
|
|
45.9 |
% |
Seasonal |
|
218.2 |
|
|
6.6 |
% |
|
190.2 |
|
|
6.2 |
% |
|
305.8 |
|
|
3.2 |
% |
|
296.7 |
|
|
3.3 |
% |
Total Dollar Tree segment net sales |
|
$ |
3,303.2 |
|
|
100.0 |
% |
|
$ |
3,074.3 |
|
|
100.0 |
% |
|
$ |
9,557.6 |
|
|
100.0 |
% |
|
$ |
8,991.4 |
|
|
100.0 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Family Dollar segment net sales by
merchandise category:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumable |
|
$ |
2,255.7 |
|
|
78.5 |
% |
|
$ |
2,133.9 |
|
|
79.9 |
% |
|
$ |
7,077.5 |
|
|
77.1 |
% |
|
$ |
6,481.1 |
|
|
78.0 |
% |
Home products |
|
240.1 |
|
|
8.3 |
% |
|
196.3 |
|
|
7.3 |
% |
|
802.7 |
|
|
8.7 |
% |
|
642.6 |
|
|
7.7 |
% |
Apparel and accessories |
|
157.4 |
|
|
5.5 |
% |
|
144.0 |
|
|
5.4 |
% |
|
517.8 |
|
|
5.6 |
% |
|
494.3 |
|
|
6.0 |
% |
Seasonal and electronics |
|
220.3 |
|
|
7.7 |
% |
|
197.7 |
|
|
7.4 |
% |
|
785.5 |
|
|
8.6 |
% |
|
686.1 |
|
|
8.3 |
% |
Total Family Dollar segment net sales |
|
$ |
2,873.5 |
|
|
100.0 |
% |
|
$ |
2,671.9 |
|
|
100.0 |
% |
|
$ |
9,183.5 |
|
|
100.0 |
% |
|
$ |
8,304.1 |
|
|
100.0 |
% |
|