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Segments and Disaggregated Revenue (Tables) | 9 Months Ended
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Nov. 02, 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 |  | 39 Weeks Ended
(in millions) |  | November 2, 2024 |  | October 28, 2023 |  | November 2, 2024 |  | October 28, 2023
Condensed Consolidated Income Statement Data (Unaudited): |  |  |  |  |  |  |  |
Net sales: |  |  |  |  |  |  |  |
Dollar Tree |  | $ | 4,338.0 |  |  | $ | 4,003.8 |  |  | $ | 12,569.1 |  |  | $ | 11,808.9 |
Family Dollar |  | 3,223.7 |  |  | 3,305.3 |  |  | 9,991.7 |  |  | 10,139.8 |
Consolidated net sales |  | $ | 7,561.7 |  |  | $ | 7,309.1 |  |  | $ | 22,560.8 |  |  | $ | 21,948.7 |
Gross profit: |  |  |  |  |  |  |  |
Dollar Tree |  | $ | 1,534.1 |  |  | $ | 1,393.8 |  |  | $ | 4,401.9 |  |  | $ | 4,075.7 |
Family Dollar |  | 803.3 |  |  | 779.2 |  |  | 2,497.7 |  |  | 2,462.4 |
Consolidated gross profit |  | $ | 2,337.4 |  |  | $ | 2,173.0 |  |  | $ | 6,899.6 |  |  | $ | 6,538.1 |
Operating income (loss): |  |  |  |  |  |  |  |
Dollar Tree |  | $ | 465.2 |  |  | $ | 482.7 |  |  | $ | 1,329.5 |  |  | $ | 1,416.2 |
Family Dollar |  | 1.6 |  |  | (66.3) |  |  | 23.9 |  |  | (45.7) |
Corporate, support and other |  | (133.4) |  |  | (114.7) |  |  | (396.3) |  |  | (361.3) |
Consolidated operating income |  | 333.4 |  |  | 301.7 |  |  | 957.1 |  |  | 1,009.2 |
Interest expense, net |  | 27.5 |  |  | 30.4 |  |  | 80.8 |  |  | 80.5 |
Other expense, net |  | 0.1 |  |  | 0.2 |  |  | 0.2 |  |  | 0.2 |
Income before income taxes |  | $ | 305.8 |  |  | $ | 271.1 |  |  | $ | 876.1 |  |  | $ | 928.5 |
|  | As of
(in millions) |  | November 2, 2024 |  | February 3, 2024 |  | October 28, 2023
Condensed Consolidated Balance Sheet Data (Unaudited): |  |  |  |  |  |
Goodwill: |  |  |  |  |  |
Dollar Tree |  | $ | 422.3 |  |  | $ | 423.3 |  |  | $ | 422.4 |
Family Dollar |  | 490.5 |  |  | 490.5 |  |  | 1,559.5 |
Consolidated goodwill |  | $ | 912.8 |  |  | $ | 913.8 |  |  | $ | 1,981.9 |
Total assets: |  |  |  |  |  |
Dollar Tree |  | $ | 11,695.2 |  |  | $ | 10,315.9 |  |  | $ | 10,095.0 |
Family Dollar |  | 10,816.1 |  |  | 11,037.0 |  |  | 13,303.7 |
Corporate, support and other |  | 821.5 |  |  | 670.6 |  |  | 632.5 |
Consolidated total assets |  | $ | 23,332.8 |  |  | $ | 22,023.5 |  |  | $ | 24,031.2 |
Disaggregation of Revenue | The following table summarizes net sales by merchandise category for our segments:
|  | 13 Weeks Ended |  | 39 Weeks Ended
(in millions) |  | November 2, 2024 |  | October 28, 2023 |  | November 2, 2024 |  | October 28, 2023
Dollar Tree segment net sales by merchandise category: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumable |  | $ | 2,164.0 |  |  | 49.9 | % |  | $ | 1,939.3 |  |  | 48.4 | % |  | $ | 6,314.4 |  |  | 50.2 | % |  | $ | 5,707.4 |  |  | 48.3 | %
Variety |  | 1,846.6 |  |  | 42.6 | % |  | 1,745.5 |  |  | 43.6 | % |  | 5,746.7 |  |  | 45.7 | % |  | 5,590.9 |  |  | 47.4 | %
Seasonal |  | 327.4 |  |  | 7.5 | % |  | 319.0 |  |  | 8.0 | % |  | 508.0 |  |  | 4.1 | % |  | 510.6 |  |  | 4.3 | %
Total Dollar Tree segment net sales |  | $ | 4,338.0 |  |  | 100.0 | % |  | $ | 4,003.8 |  |  | 100.0 | % |  | $ | 12,569.1 |  |  | 100.0 | % |  | $ | 11,808.9 |  |  | 100.0 | %
Family Dollar segment net sales by merchandise category: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumable |  | $ | 2,638.8 |  |  | 81.9 | % |  | $ | 2,711.0 |  |  | 82.0 | % |  | $ | 8,086.2 |  |  | 80.9 | % |  | $ | 8,166.4 |  |  | 80.5 | %
Home products |  | 207.7 |  |  | 6.4 | % |  | 214.7 |  |  | 6.5 | % |  | 638.1 |  |  | 6.4 | % |  | 677.2 |  |  | 6.7 | %
Apparel and accessories |  | 154.8 |  |  | 4.8 | % |  | 156.5 |  |  | 4.7 | % |  | 486.9 |  |  | 4.9 | % |  | 494.1 |  |  | 4.9 | %
Seasonal and electronics |  | 222.4 |  |  | 6.9 | % |  | 223.1 |  |  | 6.8 | % |  | 780.5 |  |  | 7.8 | % |  | 802.1 |  |  | 7.9 | %
Total Family Dollar segment net sales |  | $ | 3,223.7 |  |  | 100.0 | % |  | $ | 3,305.3 |  |  | 100.0 | % |  | $ | 9,991.7 |  |  | 100.0 | % |  | $ | 10,139.8 |  |  | 100.0 | %

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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