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