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