| 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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39 Weeks Ended |
| (in millions) |
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October 28, 2023 |
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October 29, 2022 |
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October 28, 2023 |
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October 29, 2022 |
Condensed Consolidated Income Statement Data (Unaudited): |
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| Net sales: |
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| Dollar Tree |
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$ |
4,003.8 |
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$ |
3,756.1 |
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$ |
11,808.9 |
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$ |
11,109.0 |
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| Family Dollar |
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3,305.3 |
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3,180.5 |
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10,139.8 |
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9,493.0 |
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Consolidated net sales |
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$ |
7,309.1 |
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$ |
6,936.6 |
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$ |
21,948.7 |
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$ |
20,602.0 |
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| Gross profit: |
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| Dollar Tree |
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$ |
1,393.8 |
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$ |
1,328.3 |
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$ |
4,075.7 |
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$ |
4,197.9 |
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| Family Dollar |
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779.2 |
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743.2 |
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2,462.4 |
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2,338.5 |
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Consolidated gross profit |
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$ |
2,173.0 |
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$ |
2,071.5 |
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$ |
6,538.1 |
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$ |
6,536.4 |
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| Operating income (loss): |
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| Dollar Tree |
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$ |
482.7 |
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$ |
499.7 |
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$ |
1,416.2 |
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$ |
1,814.7 |
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| Family Dollar |
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(66.3) |
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(18.4) |
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(45.7) |
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126.1 |
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Corporate, support and other |
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(114.7) |
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(100.0) |
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(361.3) |
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(322.6) |
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Consolidated operating income |
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301.7 |
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381.3 |
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1,009.2 |
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1,618.2 |
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| Interest expense, net |
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30.4 |
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32.7 |
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80.5 |
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97.3 |
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| Other expense, net |
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0.2 |
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0.2 |
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0.2 |
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0.3 |
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| Income before income taxes |
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$ |
271.1 |
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$ |
348.4 |
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$ |
928.5 |
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$ |
1,520.6 |
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As of |
| (in millions) |
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October 28, 2023 |
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January 28, 2023 |
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October 29, 2022 |
Condensed Consolidated Balance Sheet Data (Unaudited): |
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| Goodwill: |
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| Dollar Tree |
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$ |
422.4 |
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$ |
423.6 |
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$ |
422.9 |
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| Family Dollar |
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1,559.5 |
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1,559.5 |
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1,559.5 |
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Consolidated goodwill |
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$ |
1,981.9 |
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$ |
1,983.1 |
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$ |
1,982.4 |
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| Total assets: |
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| Dollar Tree |
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$ |
10,095.0 |
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$ |
9,914.6 |
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$ |
9,785.2 |
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| Family Dollar |
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13,303.7 |
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12,562.2 |
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12,631.1 |
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Corporate, support and other |
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632.5 |
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545.3 |
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493.2 |
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Consolidated total assets |
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$ |
24,031.2 |
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$ |
23,022.1 |
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$ |
22,909.5 |
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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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39 Weeks Ended |
| (in millions) |
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October 28, 2023 |
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October 29, 2022 |
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October 28, 2023 |
|
October 29, 2022 |
Dollar Tree segment net sales by
merchandise category: |
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| Consumable |
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$ |
1,939.3 |
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48.4 |
% |
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$ |
1,735.5 |
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46.2 |
% |
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$ |
5,707.4 |
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48.3 |
% |
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$ |
5,154.6 |
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46.4 |
% |
| Variety |
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1,745.5 |
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43.6 |
% |
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1,708.3 |
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45.5 |
% |
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5,590.9 |
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47.4 |
% |
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5,465.6 |
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49.2 |
% |
| Seasonal |
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319.0 |
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8.0 |
% |
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312.3 |
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8.3 |
% |
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510.6 |
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4.3 |
% |
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488.8 |
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4.4 |
% |
| Total Dollar Tree segment net sales |
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$ |
4,003.8 |
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100.0 |
% |
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$ |
3,756.1 |
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100.0 |
% |
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$ |
11,808.9 |
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100.0 |
% |
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$ |
11,109.0 |
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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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$ |
2,711.0 |
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82.0 |
% |
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$ |
2,515.8 |
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79.1 |
% |
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$ |
8,166.4 |
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80.5 |
% |
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$ |
7,417.9 |
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78.1 |
% |
| Home products |
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214.7 |
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6.5 |
% |
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238.5 |
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7.5 |
% |
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677.2 |
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6.7 |
% |
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720.7 |
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7.6 |
% |
| Apparel and accessories |
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156.5 |
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4.7 |
% |
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181.4 |
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5.7 |
% |
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494.1 |
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4.9 |
% |
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540.7 |
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5.7 |
% |
| Seasonal and electronics |
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223.1 |
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6.8 |
% |
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244.8 |
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7.7 |
% |
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802.1 |
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7.9 |
% |
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813.7 |
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8.6 |
% |
| Total Family Dollar segment net sales |
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$ |
3,305.3 |
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100.0 |
% |
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$ |
3,180.5 |
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100.0 |
% |
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$ |
10,139.8 |
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100.0 |
% |
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$ |
9,493.0 |
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100.0 |
% |
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