Quarterly report pursuant to Section 13 or 15(d)

Segments and Disaggregated Revenue (Tables)

v3.24.2.u1
Segments and Disaggregated Revenue (Tables)
6 Months Ended
Aug. 03, 2024
Segment Reporting [Abstract]  
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 26 Weeks Ended
(in millions) August 3, 2024 July 29, 2023 August 3, 2024 July 29, 2023
Condensed Consolidated Income Statement Data (Unaudited):
Net sales:
Dollar Tree $ 4,065.5  $ 3,873.4  $ 8,231.1  $ 7,805.1 
Family Dollar 3,307.2  3,446.7  6,768.0  6,834.5 
Consolidated net sales
$ 7,372.7  $ 7,320.1  $ 14,999.1  $ 14,639.6 
Gross profit:
Dollar Tree $ 1,391.3  $ 1,293.3  $ 2,867.8  $ 2,681.9 
Family Dollar 823.2  841.4  1,694.4  1,683.2 
Consolidated gross profit
$ 2,214.5  $ 2,134.7  $ 4,562.2  $ 4,365.1 
Operating income (loss):
Dollar Tree $ 342.0  $ 397.8  $ 864.3  $ 933.5 
Family Dollar (14.6) 11.8  22.3  20.6 
Corporate, support and other
(124.3) (121.8) (262.9) (246.6)
Consolidated operating income
203.1  287.8  623.7  707.5 
Interest expense, net 28.9  24.2  53.3  50.1 
Other (income) expense, net
—  (0.1) 0.1  — 
Income before income taxes $ 174.2  $ 263.7  $ 570.3  $ 657.4 
  As of
(in millions) August 3, 2024 February 3, 2024 July 29, 2023
Condensed Consolidated Balance Sheet Data (Unaudited):
Goodwill:
Dollar Tree $ 422.5  $ 423.3  $ 423.8 
Family Dollar 490.5  490.5  1,559.5 
Consolidated goodwill
$ 913.0  $ 913.8  $ 1,983.3 
Total assets:
Dollar Tree $ 10,901.2  $ 10,315.9  $ 9,742.9 
Family Dollar 10,922.1  11,037.0  13,065.0 
Corporate, support and other
793.3  670.6  620.1 
Consolidated total assets
$ 22,616.6  $ 22,023.5  $ 23,428.0 
Disaggregation of Revenue
The following table summarizes net sales by merchandise category for our segments:
  13 Weeks Ended 26 Weeks Ended
(in millions) August 3, 2024 July 29, 2023 August 3, 2024 July 29, 2023
Dollar Tree segment net sales by
    merchandise category:
Consumable $ 2,058.4  50.6  % $ 1,880.9  48.5  % $ 4,150.4  50.4  % $ 3,768.1  48.3  %
Variety 1,992.1  49.0  % 1,981.8  51.2  % 3,900.1  47.4  % 3,845.4  49.3  %
Seasonal 15.0  0.4  % 10.7  0.3  % 180.6  2.2  % 191.6  2.4  %
Total Dollar Tree segment net sales $ 4,065.5  100.0  % $ 3,873.4  100.0  % $ 8,231.1  100.0  % $ 7,805.1  100.0  %
Family Dollar segment net sales by
    merchandise category:
Consumable $ 2,652.7  80.2  % $ 2,741.9  79.6  % $ 5,447.4  80.5  % $ 5,455.4  79.8  %
Home products 203.2  6.1  % 223.0  6.5  % 430.4  6.4  % 462.5  6.8  %
Apparel and accessories 167.8  5.1  % 174.4  5.0  % 332.1  4.9  % 337.6  4.9  %
Seasonal and electronics 283.5  8.6  % 307.4  8.9  % 558.1  8.2  % 579.0  8.5  %
Total Family Dollar segment net sales $ 3,307.2  100.0  % $ 3,446.7  100.0  % $ 6,768.0  100.0  % $ 6,834.5  100.0  %