Quarterly report pursuant to Section 13 or 15(d)

SEGMENTS

v3.2.0.727
SEGMENTS
 6 Months Ended
Aug. 01, 2015
Segment Reporting [Abstract]  
SEGMENTS
SEGMENTS

The Company operates a chain of more than 13,800 retail discount stores in 48 states and five Canadian provinces. The Company's operations are conducted in two reporting business segments: Dollar Tree and Family Dollar. The Company defines its segments as those operations whose results its chief operating decision maker ("CODM") regularly reviews to analyze performance and allocate resources. The results of operations of Family Dollar are included in the Company's results of operations beginning on July 6, 2015.

The Dollar Tree segment is the leading operator of discount variety stores offering merchandise at the fixed price of $1.00. The Dollar Tree segment includes the Company's operations under the "Dollar Tree," "Deals" and "Dollar Tree Canada" brands, ten distribution centers and a Store Support Center in Chesapeake, Virginia.

The Family Dollar segment operates a chain of general merchandise retail discount stores providing consumers with a selection of competitively priced merchandise in convenient neighborhood stores. The Family Dollar segment consists of the Company's operations under the "Family Dollar" brand, eleven distribution centers and a Store Support Center in Matthews, North Carolina.

The Company measures the results of its segments using, among other measures, each segment's net sales, gross profit and operating income (loss). The Company may revise the measurement of each segment's operating income (loss), including the allocation of distribution center and Store Support Center costs, as determined by the information regularly reviewed by the CODM. When the measurement of a segment changes, previous period amounts and balances are reclassified to be comparable to the current period's presentation.

Net sales by segment are as follows:
 
 
13 Weeks Ended
 
26 Weeks Ended
 
 
August 1,
 
August 2,
 
August 1,
 
August 2,
(in millions)
 
2015
 
2014
 
2015
 
2014
Net sales:
 
 
 
 
 
 
 
 
     Dollar Tree
 
$
2,199.6

 
$
2,031.1

 
$
4,376.2

 
$
4,031.4

Family Dollar
 
811.6

 
—

 
811.6

 
—

Net sales
 
$
3,011.2

 
$
2,031.1

 
$
5,187.8

 
$
4,031.4



Gross profit by segment is as follows:
 
 
13 Weeks Ended
 
26 Weeks Ended
 
 
August 1,
 
August 2,
 
August 1,
 
August 2,
(in millions)
 
2015
 
2014
 
2015
 
2014
Gross profit:
 
 
 
 
 
 
 
 
     Dollar Tree
 
$
749.3

 
$
694.1

 
$
1,498.2

 
$
1,390.7

Family Dollar
 
105.9

 
—

 
105.9

 
—

Gross profit
 
$
855.2

 
$
694.1

 
$
1,604.1

 
$
1,390.7



Operating income (loss) by segment is as follows:
 
 
13 Weeks Ended
 
26 Weeks Ended
 
 
August 1,
 
August 2,
 
August 1,
 
August 2,
(in millions)
 
2015
 
2014
 
2015
 
2014
Operating income (loss):
 
 
 
 
 
 
 
 
     Dollar Tree
 
$
218.4

 
$
205.0

 
$
451.3

 
$
436.9

Family Dollar
 
(95.0
)
 
—

 
(95.0
)
 
—

Operating income
 
$
123.4

 
$
205.0

 
$
356.3

 
$
436.9



Total assets by segment are as follows:
 
 
As of
 
 
 
August 1,
 
January 31,
 
August 2,
 
(in millions)
 
2015
 
2015
 
2014
 
Total assets:
 
 
 
 
 
 
 
     Dollar Tree
 
$
3,800.8

 
$
3,492.7

 
$
3,129.9

 
Family Dollar
 
12,764.3

 
—

 
—

 
Total assets
 
$
16,565.1

 
$
3,492.7

 
$
3,129.9