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