| 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 |
| (in millions) |
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July 29, 2023 |
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July 30, 2022 |
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July 29, 2023 |
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July 30, 2022 |
| Condensed Consolidated Income Statement Data: |
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| Net sales: |
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| Dollar Tree |
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$ |
3,873.4 |
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$ |
3,571.1 |
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$ |
7,805.1 |
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$ |
7,352.9 |
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| Family Dollar |
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3,446.7 |
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3,194.2 |
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6,834.5 |
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6,312.5 |
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| Consolidated Net sales |
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$ |
7,320.1 |
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$ |
6,765.3 |
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$ |
14,639.6 |
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$ |
13,665.4 |
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| Gross profit: |
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| Dollar Tree |
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$ |
1,293.3 |
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$ |
1,334.9 |
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$ |
2,681.9 |
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$ |
2,869.6 |
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| Family Dollar |
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841.4 |
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789.5 |
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1,683.2 |
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1,595.3 |
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| Consolidated Gross profit |
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$ |
2,134.7 |
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$ |
2,124.4 |
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$ |
4,365.1 |
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$ |
4,464.9 |
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| Operating income (loss): |
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| Dollar Tree |
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$ |
397.8 |
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$ |
550.8 |
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$ |
933.5 |
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$ |
1,315.0 |
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| Family Dollar |
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11.8 |
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55.0 |
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20.6 |
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144.5 |
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| Corporate, support and Other |
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(121.8) |
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(100.4) |
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(246.6) |
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(222.6) |
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| Consolidated Operating income |
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287.8 |
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505.4 |
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707.5 |
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1,236.9 |
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| Interest expense, net |
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24.2 |
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30.6 |
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50.1 |
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64.6 |
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| Other expense, net |
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(0.1) |
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0.1 |
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— |
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0.1 |
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| Income before income taxes |
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$ |
263.7 |
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$ |
474.7 |
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$ |
657.4 |
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$ |
1,172.2 |
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As of |
| (in millions) |
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July 29, 2023 |
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January 28, 2023 |
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July 30, 2022 |
| Condensed Consolidated Balance Sheet Data: |
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| Goodwill: |
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| Dollar Tree |
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$ |
423.8 |
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$ |
423.6 |
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$ |
424.8 |
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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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$ |
1,983.3 |
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$ |
1,983.1 |
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$ |
1,984.3 |
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| Total assets: |
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| Dollar Tree |
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$ |
9,742.9 |
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$ |
9,914.6 |
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$ |
9,783.8 |
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| Family Dollar |
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13,065.0 |
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12,562.2 |
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12,359.1 |
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| Corporate, support and Other |
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620.1 |
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545.3 |
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533.4 |
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| Consolidated Total assets |
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$ |
23,428.0 |
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$ |
23,022.1 |
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$ |
22,676.3 |
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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 |
| (in millions) |
|
July 29, 2023 |
|
July 30, 2022 |
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July 29, 2023 |
|
July 30, 2022 |
Dollar Tree segment net sales by
merchandise category: |
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| Consumable |
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$ |
1,880.9 |
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48.5 |
% |
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$ |
1,671.9 |
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46.8 |
% |
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$ |
3,768.1 |
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48.3 |
% |
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$ |
3,419.1 |
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46.5 |
% |
| Variety |
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1,981.8 |
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51.2 |
% |
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1,892.9 |
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53.0 |
% |
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3,845.4 |
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49.3 |
% |
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3,757.3 |
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51.1 |
% |
| Seasonal |
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10.7 |
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0.3 |
% |
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6.3 |
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0.2 |
% |
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191.6 |
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2.4 |
% |
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176.5 |
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2.4 |
% |
| Total Dollar Tree segment net sales |
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$ |
3,873.4 |
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100.0 |
% |
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$ |
3,571.1 |
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100.0 |
% |
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$ |
7,805.1 |
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100.0 |
% |
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$ |
7,352.9 |
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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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$ |
2,741.9 |
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79.6 |
% |
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$ |
2,467.0 |
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77.3 |
% |
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$ |
5,455.4 |
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79.8 |
% |
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$ |
4,902.1 |
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77.7 |
% |
| Home products |
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223.0 |
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6.5 |
% |
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234.1 |
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7.3 |
% |
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462.5 |
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6.8 |
% |
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482.2 |
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7.6 |
% |
| Apparel and accessories |
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174.4 |
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5.0 |
% |
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191.9 |
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6.0 |
% |
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337.6 |
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4.9 |
% |
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359.3 |
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5.7 |
% |
| Seasonal and electronics |
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307.4 |
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8.9 |
% |
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301.2 |
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9.4 |
% |
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579.0 |
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8.5 |
% |
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568.9 |
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9.0 |
% |
| Total Family Dollar segment net sales |
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$ |
3,446.7 |
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100.0 |
% |
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$ |
3,194.2 |
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100.0 |
% |
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$ |
6,834.5 |
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100.0 |
% |
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$ |
6,312.5 |
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100.0 |
% |
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