DOLLAR TREE, INC.DLTR
DOLLAR TREE, INC. Segments Disclosure
Segments and Disaggregated Revenue
As previously disclosed, effective as of the fourth quarter of fiscal 2024, the Company no longer reports the Family Dollar segment; it now reports its financial performance based on the Dollar Tree segment and corporate, support and other. The Dollar Tree segment is a leading operator of discount variety stores offering merchandise predominantly at the opening price point of $1.25, with additional offerings at higher price points. Dollar Tree stores serve customers with a broad range of income levels principally in suburban locations. The Dollar Tree segment includes our operations under the Dollar Tree and Dollar Tree Canada brands, 16 distribution centers in the United States and two distribution centers in Canada. Corporate, support and other consists primarily of store support center costs and the results of operations for our Summit Pointe property in Chesapeake, Virginia that are considered shared services and therefore these results are excluded from the Dollar Tree segment.
Our chief operating decision maker (“CODM”) is our chief executive officer of the enterprise. The CODM evaluates the financial performance of the Dollar Tree segment using segment gross profit and operating income. The CODM reviews these metrics to allocate resources to the segment, primarily in the annual budget and quarterly forecasting process. The CODM considers variances between actual results and internal budgets/forecasts on a monthly basis for both profit measures when making decisions about allocating capital and resources to the segment. The CODM also uses segment gross profit to evaluate our ability to control product and supply chain costs relative to changes in sales between comparable periods. The CODM uses operating income to assess the overall performance for the segment. The CODM is provided asset information on a consolidated basis rather than by segment.
The accounting policies of the Dollar Tree segment are the same as those described in Note 2. We may revise the measurement of the Dollar Tree segment’s operating income, as determined by the information regularly reviewed by the CODM. If the measurement of the Dollar Tree segment changes, prior period amounts and balances are reclassified to be comparable to the current period’s presentation. Corporate, support and other includes costs that were previously incurred in support of the Family Dollar segment but are not directly attributable to it and thus were not recorded in discontinued operations.
Information for the Dollar Tree segment, as well as for corporate, support and other, including the reconciliation to income from continuing operations before income taxes, is as follows:
| (in millions) | Dollar Tree Segment | Corporate, Support and Other | Total | |||||||||||||||||
Year Ended January 31, 2026 | ||||||||||||||||||||
| Net sales | $ | 19,395.7 | $ | — | $ | 19,395.7 | ||||||||||||||
| Cost of sales | 12,345.0 | — | 12,345.0 | |||||||||||||||||
| Gross Profit | 7,050.7 | — | 7,050.7 | |||||||||||||||||
| Other revenue | — | 16.1 | 16.1 | |||||||||||||||||
| Selling, general and administrative expenses | 4,877.8 | 590.8 | 5,468.6 | |||||||||||||||||
| Transition services agreement income, net | — | 54.9 | 54.9 | |||||||||||||||||
| Operating income (loss) | 2,172.9 | (519.8) | 1,653.1 | |||||||||||||||||
| Interest expense, net | 85.5 | |||||||||||||||||||
| Other (income) expense, net | (61.9) | |||||||||||||||||||
| Income from continuing operations before income taxes | $ | 1,629.5 | ||||||||||||||||||
| Depreciation and amortization expense | $ | 609.9 | $ | 38.2 | $ | 648.1 | ||||||||||||||
Year Ended February 1, 2025 | ||||||||||||||||||||
| Net sales | $ | 17,565.8 | $ | — | $ | 17,565.8 | ||||||||||||||
| Cost of sales | 11,284.1 | — | 11,284.1 | |||||||||||||||||
| Gross Profit | 6,281.7 | — | 6,281.7 | |||||||||||||||||
| Other revenue | 0.1 | 12.6 | 12.7 | |||||||||||||||||
| Selling, general and administrative expenses | 4,193.2 | 639.2 | 4,832.4 | |||||||||||||||||
| Operating income (loss) | 2,088.6 | (626.6) | 1,462.0 | |||||||||||||||||
| Interest expense, net | 107.5 | |||||||||||||||||||
| Other income, net | (29.1) | |||||||||||||||||||
| Income from continuing operations before income taxes | $ | 1,383.6 | ||||||||||||||||||
| Depreciation and amortization expense | $ | 488.9 | $ | 38.0 | $ | 526.9 | ||||||||||||||
Year Ended February 3, 2024 | ||||||||||||||||||||
| Net sales | $ | 16,770.3 | $ | — | $ | 16,770.3 | ||||||||||||||
| Cost of sales | 10,761.4 | — | 10,761.4 | |||||||||||||||||
| Gross Profit | 6,008.9 | — | 6,008.9 | |||||||||||||||||
| Other revenue | — | 10.8 | 10.8 | |||||||||||||||||
| Selling, general and administrative expenses | 3,730.3 | 514.9 | 4,245.2 | |||||||||||||||||
| Operating income (loss) | 2,278.6 | (504.1) | 1,774.5 | |||||||||||||||||
| Interest expense, net | 112.5 | |||||||||||||||||||
| Other expense, net | 0.1 | |||||||||||||||||||
| Income from continuing operations before income taxes | $ | 1,661.9 | ||||||||||||||||||
| Depreciation and amortization expense | $ | 370.1 | $ | 30.4 | $ | 400.5 | ||||||||||||||
Capital expenditures made by the Dollar Tree segment were $1.1 billion, $1.3 billion and $1.1 billion, for the years ended January 31, 2026, February 1, 2025 and February 3, 2024, respectively.
Disaggregated Revenue
The following table summarizes net sales by merchandise category for our Dollar Tree segment:
| Year Ended | ||||||||||||||||||||||||||||||||||||||
| (in millions) | January 31, 2026 | February 1, 2025 | February 3, 2024 | |||||||||||||||||||||||||||||||||||
| Consumable | $ | 9,425.9 | 48.6 | % | $ | 8,575.3 | 48.8 | % | $ | 7,915.6 | 47.2 | % | ||||||||||||||||||||||||||
| Variety | 8,860.5 | 45.7 | % | 7,944.0 | 45.2 | % | 7,781.4 | 46.4 | % | |||||||||||||||||||||||||||||
| Seasonal | 1,109.3 | 5.7 | % | 1,046.5 | 6.0 | % | 1,073.3 | 6.4 | % | |||||||||||||||||||||||||||||
| Total Dollar Tree segment net sales | $ | 19,395.7 | 100.0 | % | $ | 17,565.8 | 100.0 | % | $ | 16,770.3 | 100.0 | % | ||||||||||||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | Mar 16, 2026 | Showing above |
| 2025 | Mar 26, 2025 | |
| 2024 | Mar 20, 2024 | |
| 2023 | Mar 10, 2023 | |
| 2022 | Mar 15, 2022 | |
| 2021 | Mar 16, 2021 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.