| Schedule of Segment Reporting Information |
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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Year Ended |
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January 28, |
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January 29, |
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January 30, |
| (in millions) |
|
2023 |
|
2022 |
|
2021 |
| Consolidated Income Statement Data: |
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| Net sales: |
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| Dollar Tree |
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$ |
15,405.7 |
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$ |
13,922.1 |
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$ |
13,265.0 |
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| Family Dollar |
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12,912.5 |
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12,387.7 |
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|
12,243.4 |
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| Consolidated Net sales |
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$ |
28,318.2 |
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$ |
26,309.8 |
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$ |
25,508.4 |
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| Gross profit: |
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| Dollar Tree |
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$ |
5,775.5 |
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$ |
4,603.6 |
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$ |
4,543.8 |
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| Family Dollar |
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3,146.4 |
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3,122.3 |
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3,243.6 |
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| Consolidated Gross profit |
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$ |
8,921.9 |
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$ |
7,725.9 |
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$ |
7,787.4 |
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| Operating income (loss): |
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| Dollar Tree |
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$ |
2,536.0 |
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$ |
1,607.0 |
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$ |
1,598.0 |
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| Family Dollar |
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127.5 |
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|
543.1 |
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|
655.6 |
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| Corporate, support and Other |
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(427.2) |
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(338.7) |
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(365.7) |
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| Consolidated Operating income |
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2,236.3 |
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1,811.4 |
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1,887.9 |
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| Interest expense, net |
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125.3 |
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178.9 |
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147.3 |
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| Other expense, net |
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0.4 |
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0.3 |
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0.8 |
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| Income before income taxes |
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$ |
2,110.6 |
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$ |
1,632.2 |
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$ |
1,739.8 |
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| Depreciation and amortization expense: |
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| Dollar Tree |
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$ |
338.8 |
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$ |
316.0 |
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$ |
302.3 |
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| Family Dollar |
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402.4 |
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369.8 |
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352.6 |
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| Corporate, support and Other |
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26.8 |
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30.2 |
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31.8 |
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| Consolidated depreciation and amortization expense |
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$ |
768.0 |
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$ |
716.0 |
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$ |
686.7 |
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As of |
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January 28, |
|
January 29, |
| (in millions) |
|
2023 |
|
2022 |
| Consolidated Balance Sheet Data: |
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| Goodwill: |
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| Dollar Tree |
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$ |
423.6 |
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$ |
424.9 |
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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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$ |
1,983.1 |
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$ |
1,984.4 |
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| Total assets: |
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| Dollar Tree |
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$ |
9,914.6 |
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$ |
9,358.4 |
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| Family Dollar |
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12,562.2 |
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11,871.8 |
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| Corporate, support and Other |
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545.3 |
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491.6 |
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| Consolidated Total assets |
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$ |
23,022.1 |
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$ |
21,721.8 |
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| Additions to property, plant and equipment: |
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| Dollar Tree |
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$ |
548.7 |
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$ |
477.1 |
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| Family Dollar |
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605.2 |
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|
498.9 |
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| Corporate, support and Other |
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94.9 |
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45.2 |
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| Consolidated additions to property, plant and equipment |
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$ |
1,248.8 |
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$ |
1,021.2 |
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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 28, |
|
January 29, |
|
January 30, |
| (in millions) |
|
2023 |
|
2022 |
|
2021 |
Dollar Tree segment net sales by
merchandise category: |
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| Consumable |
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$ |
6,978.8 |
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45.3 |
% |
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$ |
6,334.5 |
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45.5 |
% |
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$ |
6,407.0 |
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48.3 |
% |
| Variety |
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7,456.3 |
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48.4 |
% |
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6,794.0 |
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48.8 |
% |
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6,194.8 |
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46.7 |
% |
| Seasonal |
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970.6 |
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6.3 |
% |
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793.6 |
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5.7 |
% |
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663.2 |
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5.0 |
% |
| Total Dollar Tree segment net sales |
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$ |
15,405.7 |
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100.0 |
% |
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$ |
13,922.1 |
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100.0 |
% |
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$ |
13,265.0 |
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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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$ |
10,036.2 |
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77.7 |
% |
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$ |
9,446.5 |
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76.3 |
% |
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$ |
9,367.8 |
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76.5 |
% |
| Home products |
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982.5 |
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7.6 |
% |
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1,033.9 |
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8.3 |
% |
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1,078.1 |
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8.8 |
% |
| Apparel and accessories |
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732.2 |
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5.7 |
% |
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781.5 |
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6.3 |
% |
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690.1 |
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5.6 |
% |
| Seasonal and electronics |
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1,161.6 |
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9.0 |
% |
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1,125.8 |
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9.1 |
% |
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1,107.4 |
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9.1 |
% |
| Total Family Dollar segment net sales |
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$ |
12,912.5 |
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100.0 |
% |
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$ |
12,387.7 |
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100.0 |
% |
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$ |
12,243.4 |
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100.0 |
% |
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