| 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 |
|
|
| (in millions) |
|
April 29, 2023 |
|
April 30, 2022 |
|
|
|
|
| Condensed Consolidated Income Statement Data: |
|
|
|
|
|
|
|
|
| Net sales: |
|
|
|
|
|
|
|
|
| Dollar Tree |
|
$ |
3,931.7 |
|
|
$ |
3,781.8 |
|
|
|
|
|
| Family Dollar |
|
3,387.8 |
|
|
3,118.3 |
|
|
|
|
|
| Consolidated Net sales |
|
$ |
7,319.5 |
|
|
$ |
6,900.1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Gross profit: |
|
|
|
|
|
|
|
|
| Dollar Tree |
|
$ |
1,388.6 |
|
|
$ |
1,534.7 |
|
|
|
|
|
| Family Dollar |
|
841.8 |
|
|
805.8 |
|
|
|
|
|
| Consolidated Gross profit |
|
$ |
2,230.4 |
|
|
$ |
2,340.5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Operating income (loss): |
|
|
|
|
|
|
|
|
| Dollar Tree |
|
$ |
535.7 |
|
|
$ |
764.2 |
|
|
|
|
|
| Family Dollar |
|
8.8 |
|
|
89.5 |
|
|
|
|
|
| Corporate, support and Other |
|
(124.8) |
|
|
(122.2) |
|
|
|
|
|
| Consolidated Operating income |
|
419.7 |
|
|
731.5 |
|
|
|
|
|
| Interest expense, net |
|
25.9 |
|
|
34.0 |
|
|
|
|
|
| Other expense, net |
|
0.1 |
|
|
— |
|
|
|
|
|
| Income before income taxes |
|
$ |
393.7 |
|
|
$ |
697.5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
As of |
| (in millions) |
|
April 29, 2023 |
|
January 28, 2023 |
|
April 30, 2022 |
| Condensed Consolidated Balance Sheet Data: |
|
|
|
|
|
|
| Goodwill: |
|
|
|
|
|
|
| Dollar Tree |
|
$ |
423.1 |
|
|
$ |
423.6 |
|
|
$ |
424.8 |
|
| Family Dollar |
|
1,559.5 |
|
|
1,559.5 |
|
|
1,559.5 |
|
| Consolidated Goodwill |
|
$ |
1,982.6 |
|
|
$ |
1,983.1 |
|
|
$ |
1,984.3 |
|
|
|
|
|
|
|
|
| Total assets: |
|
|
|
|
|
|
| Dollar Tree |
|
$ |
9,799.6 |
|
|
$ |
9,914.6 |
|
|
$ |
9,801.9 |
|
| Family Dollar |
|
12,746.8 |
|
|
12,562.2 |
|
|
12,065.9 |
|
| Corporate, support and Other |
|
562.2 |
|
|
545.3 |
|
|
504.5 |
|
| Consolidated Total assets |
|
$ |
23,108.6 |
|
|
$ |
23,022.1 |
|
|
$ |
22,372.3 |
|
|
| Disaggregation of Revenue |
The following table summarizes net sales by merchandise category for our segments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
13 Weeks Ended |
|
|
| (in millions) |
|
April 29, 2023 |
|
April 30, 2022 |
|
|
|
|
Dollar Tree segment net sales by
merchandise category: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Consumable |
|
$ |
1,887.2 |
|
|
48.0 |
% |
|
$ |
1,747.2 |
|
|
46.2 |
% |
|
|
|
|
|
|
|
|
| Variety |
|
1,863.6 |
|
|
47.4 |
% |
|
1,864.4 |
|
|
49.3 |
% |
|
|
|
|
|
|
|
|
| Seasonal |
|
180.9 |
|
|
4.6 |
% |
|
170.2 |
|
|
4.5 |
% |
|
|
|
|
|
|
|
|
| Total Dollar Tree segment net sales |
|
$ |
3,931.7 |
|
|
100.0 |
% |
|
$ |
3,781.8 |
|
|
100.0 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Family Dollar segment net sales by
merchandise category: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Consumable |
|
$ |
2,713.5 |
|
|
80.1 |
% |
|
$ |
2,435.1 |
|
|
78.1 |
% |
|
|
|
|
|
|
|
|
| Home products |
|
239.5 |
|
|
7.1 |
% |
|
248.1 |
|
|
7.9 |
% |
|
|
|
|
|
|
|
|
| Apparel and accessories |
|
163.2 |
|
|
4.8 |
% |
|
167.4 |
|
|
5.4 |
% |
|
|
|
|
|
|
|
|
| Seasonal and electronics |
|
271.6 |
|
|
8.0 |
% |
|
267.7 |
|
|
8.6 |
% |
|
|
|
|
|
|
|
|
| Total Family Dollar segment net sales |
|
$ |
3,387.8 |
|
|
100.0 |
% |
|
$ |
3,118.3 |
|
|
100.0 |
% |
|
|
|
|
|
|
|
|
|