Segments and Disaggregated Revenue (Tables)

3 Months Ended

May 04, 2024

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
(in millions)	May 4, 2024		April 29, 2023
Condensed Consolidated Income Statement Data (Unaudited):
Net sales:
Dollar Tree	$	4,165.6	$	3,931.7
Family Dollar	3,460.8		3,387.8
Consolidated net sales	$	7,626.4	$	7,319.5

Gross profit:
Dollar Tree	$	1,476.5	$	1,388.6
Family Dollar	871.2		841.8
Consolidated gross profit	$	2,347.7	$	2,230.4

Operating income (loss):
Dollar Tree	$	522.3	$	535.7
Family Dollar	36.9		8.8
Corporate, support and other	(138.6)		(124.8)
Consolidated operating income	420.6		419.7
Interest expense, net	24.4		25.9
Other expense, net	0.1		0.1
Income before income taxes	$	396.1	$	393.7


	As of
(in millions)	May 4, 2024		February 3, 2024		April 29, 2023
Condensed Consolidated Balance Sheet Data (Unaudited):
Goodwill:
Dollar Tree	$	422.8	$	423.3	$	423.1
Family Dollar	490.5		490.5		1,559.5
Consolidated goodwill	$	913.3	$	913.8	$	1,982.6

Total assets:
Dollar Tree	$	10,368.1	$	10,315.9	$	9,799.6
Family Dollar	10,928.5		11,037.0		12,746.8
Corporate, support and other	813.6		670.6		562.2
Consolidated total assets	$	22,110.2	$	22,023.5	$	23,108.6

The following table summarizes net sales by merchandise category for our segments:


	13 Weeks Ended
(in millions)	May 4, 2024				April 29, 2023
Dollar Tree segment net sales by merchandise category:
Consumable	$	2,092.0	50.2	%	$	1,887.2	48.0	%
Variety	1,908.0		45.8	%	1,863.6		47.4	%
Seasonal	165.6		4.0	%	180.9		4.6	%
Total Dollar Tree segment net sales	$	4,165.6	100.0	%	$	3,931.7	100.0	%

Family Dollar segment net sales by merchandise category:
Consumable	$	2,794.7	80.8	%	$	2,713.5	80.1	%
Home products	227.2		6.6	%	239.5		7.1	%
Apparel and accessories	164.3		4.7	%	163.2		4.8	%
Seasonal and electronics	274.6		7.9	%	271.6		8.0	%
Total Family Dollar segment net sales	$	3,460.8	100.0	%	$	3,387.8	100.0	%