Quarterly report pursuant to Section 13 or 15(d)

Segments and Disaggregated Revenue (Tables)

v3.22.2.2
Segments and Disaggregated Revenue (Tables)
6 Months Ended
Jul. 30, 2022
Segment Reporting [Abstract]  
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 26 Weeks Ended
  July 30, July 31, July 30, July 31,
(in millions) 2022 2021 2022 2021
Condensed Consolidated Income Statement Data:
Net sales:
Dollar Tree $ 3,571.1  $ 3,264.3  $ 7,352.9  $ 6,585.6 
Family Dollar 3,194.2  3,075.9  6,312.5  6,231.4 
Consolidated Net sales $ 6,765.3  $ 6,340.2  $ 13,665.4  $ 12,817.0 
  13 Weeks Ended 26 Weeks Ended
  July 30, July 31, July 30, July 31,
(in millions) 2022 2021 2022 2021
Condensed Consolidated Income Statement Data:
Gross profit:
Dollar Tree $ 1,334.9  $ 1,057.7  $ 2,869.6  $ 2,176.0 
Family Dollar 789.5  803.3  1,595.3  1,649.1 
Consolidated Gross profit $ 2,124.4  $ 1,861.0  $ 4,464.9  $ 3,825.1 
Operating income (loss):
Dollar Tree $ 550.8  $ 328.4  $ 1,315.0  $ 728.7 
Family Dollar 55.0  156.3  144.5  367.7 
Corporate, support and Other (100.4) (82.5) (222.6) (174.3)
Consolidated Operating income 505.4  402.2  1,236.9  922.1 
Interest expense, net 30.6  33.0  64.6  66.0 
Other expense, net 0.1  —  0.1  — 
Income before income taxes $ 474.7  $ 369.2  $ 1,172.2  $ 856.1 
  As of
  July 30, January 29, July 31,
(in millions) 2022 2022 2021
Condensed Consolidated Balance Sheet Data:
Goodwill:
Dollar Tree $ 424.8  $ 424.9  $ 425.6 
Family Dollar 1,559.5  1,559.5  1,559.5 
Consolidated Goodwill $ 1,984.3  $ 1,984.4  $ 1,985.1 
Total assets:
Dollar Tree $ 9,783.8  $ 9,358.4  $ 8,252.1 
Family Dollar 12,359.1  11,871.8  11,700.2 
Corporate, support and Other 533.4  491.6  492.9 
Consolidated Total assets $ 22,676.3  $ 21,721.8  $ 20,445.2 
Disaggregation of Revenue
The following table summarizes net sales by merchandise category for our segments:
  13 Weeks Ended 26 Weeks Ended
  July 30, July 31, July 30, July 31,
(in millions) 2022 2021 2022 2021
Dollar Tree segment net sales by
    merchandise category:
Consumable $ 1,671.9  46.8  % $ 1,524.1  46.7  % $ 3,419.1  46.5  % $ 3,108.4  47.2  %
Variety 1,892.9  53.0  % 1,737.8  53.2  % 3,757.3  51.1  % 3,365.2  51.1  %
Seasonal 6.3  0.2  % 2.4  0.1  % 176.5  2.4  % 112.0  1.7  %
Total Dollar Tree segment net sales $ 3,571.1  100.0  % $ 3,264.3  100.0  % $ 7,352.9  100.0  % $ 6,585.6  100.0  %
Family Dollar segment net sales by
    merchandise category:
Consumable $ 2,467.0  77.3  % $ 2,332.4  75.8  % $ 4,902.1  77.7  % $ 4,705.9  75.5  %
Home products 234.1  7.3  % 247.3  8.0  % 482.2  7.6  % 548.3  8.8  %
Apparel and accessories 191.9  6.0  % 208.9  6.8  % 359.3  5.7  % 414.1  6.7  %
Seasonal and electronics 301.2  9.4  % 287.3  9.4  % 568.9  9.0  % 563.1  9.0  %
Total Family Dollar segment net sales $ 3,194.2  100.0  % $ 3,075.9  100.0  % $ 6,312.5  100.0  % $ 6,231.4  100.0  %