Schedule of Segment Reporting Information |
Information for our segments, as well as for Corporate, support and Other, including the reconciliation to Income (loss) before income taxes, is as follows:
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Year Ended |
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January 30, |
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February 1, |
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February 2, |
(in millions) |
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2021 |
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2020 |
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2019 |
Consolidated Statements of Operations Data: |
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Net sales: |
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Dollar Tree |
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$ |
13,265.0 |
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$ |
12,507.9 |
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$ |
11,712.1 |
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Family Dollar |
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12,243.4 |
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11,102.9 |
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11,111.2 |
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Corporate, support and Other |
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0.9 |
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— |
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— |
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Consolidated Net sales |
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$ |
25,509.3 |
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$ |
23,610.8 |
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$ |
22,823.3 |
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Gross profit: |
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Dollar Tree |
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$ |
4,543.8 |
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$ |
4,342.9 |
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$ |
4,137.5 |
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Family Dollar |
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3,243.6 |
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2,697.8 |
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2,810.0 |
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Corporate, support and Other |
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0.9 |
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— |
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— |
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Consolidated Gross profit |
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$ |
7,788.3 |
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$ |
7,040.7 |
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$ |
6,947.5 |
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Operating income (loss): |
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Dollar Tree |
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$ |
1,598.0 |
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$ |
1,670.2 |
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$ |
1,657.4 |
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Family Dollar |
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655.6 |
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(74.9) |
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(2,312.8) |
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Corporate, support and Other |
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(365.7) |
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(333.1) |
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(284.1) |
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Consolidated Operating income (loss) |
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1,887.9 |
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1,262.2 |
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(939.5) |
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Interest expense, net |
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147.3 |
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162.1 |
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370.0 |
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Other expense (income), net |
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0.8 |
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1.4 |
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(0.5) |
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Income (loss) before income taxes |
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$ |
1,739.8 |
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$ |
1,098.7 |
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$ |
(1,309.0) |
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Depreciation and amortization expense: |
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Dollar Tree |
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$ |
302.3 |
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$ |
277.7 |
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$ |
254.0 |
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Family Dollar |
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352.6 |
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337.9 |
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345.3 |
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Corporate, support and Other |
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31.8 |
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30.1 |
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22.1 |
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Consolidated depreciation and amortization expense |
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$ |
686.7 |
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$ |
645.7 |
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$ |
621.4 |
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As of |
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January 30, |
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February 1, |
(in millions) |
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2021 |
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2020 |
Consolidated Balance Sheet Data: |
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Goodwill: |
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Dollar Tree |
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$ |
424.9 |
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$ |
423.8 |
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Family Dollar |
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1,559.5 |
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1,559.5 |
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Consolidated Goodwill |
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$ |
1,984.4 |
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$ |
1,983.3 |
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Total assets: |
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Dollar Tree |
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$ |
8,669.3 |
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$ |
7,694.0 |
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Family Dollar |
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11,562.2 |
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11,484.9 |
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Corporate, support and Other |
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464.5 |
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395.7 |
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Consolidated Total assets |
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$ |
20,696.0 |
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$ |
19,574.6 |
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Additions to property, plant and equipment: |
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Dollar Tree |
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$ |
470.4 |
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$ |
547.5 |
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Family Dollar |
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362.1 |
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425.2 |
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Corporate, support and Other |
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66.3 |
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62.1 |
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Consolidated additions to property, plant and equipment |
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$ |
898.8 |
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$ |
1,034.8 |
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Disaggregation of Revenue |
The following table summarizes net sales by merchandise category for our segments:
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Year Ended |
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January 30, |
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February 1, |
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February 2, |
(in millions) |
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2021 |
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2020 |
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2019 |
Dollar Tree segment net sales by merchandise category: |
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Consumable |
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$ |
6,407.0 |
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48.3 |
% |
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$ |
6,155.3 |
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49.2 |
% |
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$ |
5,703.8 |
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48.7 |
% |
Variety |
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6,194.8 |
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46.7 |
% |
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5,732.1 |
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45.8 |
% |
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5,457.8 |
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46.6 |
% |
Seasonal |
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663.2 |
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5.0 |
% |
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620.5 |
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5.0 |
% |
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550.5 |
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4.7 |
% |
Total Dollar Tree segment net sales |
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$ |
13,265.0 |
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100.0 |
% |
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$ |
12,507.9 |
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100.0 |
% |
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$ |
11,712.1 |
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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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$ |
9,367.8 |
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76.5 |
% |
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$ |
8,604.7 |
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77.5 |
% |
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$ |
8,466.7 |
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76.2 |
% |
Home products |
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1,078.1 |
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8.8 |
% |
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866.0 |
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7.8 |
% |
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911.1 |
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8.2 |
% |
Apparel and accessories |
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690.1 |
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5.6 |
% |
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644.0 |
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5.8 |
% |
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700.0 |
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6.3 |
% |
Seasonal and electronics |
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1,107.4 |
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9.1 |
% |
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988.2 |
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8.9 |
% |
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1,033.4 |
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9.3 |
% |
Total Family Dollar segment net sales |
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$ |
12,243.4 |
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100.0 |
% |
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$ |
11,102.9 |
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100.0 |
% |
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$ |
11,111.2 |
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100.0 |
% |
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