Name: Dollar Tree Inc. (NASDAQ:DLTR) | Income Statement (Quarterly)
Creator: Stock Analysis on Net

Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

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Dollar Tree Inc., consolidated income statement (quarterly data)

US$ in thousands

3 months ended:	Oct 29, 2022	Jul 30, 2022	Apr 30, 2022	Jan 29, 2022	Oct 30, 2021	Jul 31, 2021	May 1, 2021	Jan 30, 2021	Oct 31, 2020	Aug 1, 2020	May 2, 2020	Feb 1, 2020	Nov 2, 2019	Aug 3, 2019	May 4, 2019	Feb 2, 2019	Nov 3, 2018	Aug 4, 2018	May 5, 2018	Feb 3, 2018	Oct 28, 2017	Jul 29, 2017	Apr 29, 2017	Jan 28, 2017	Oct 29, 2016	Jul 30, 2016	Apr 30, 2016
Net sales	6,936,600)	6,765,300)	6,900,100)	7,077,400)	6,415,400)	6,340,200)	6,476,800)	6,767,300)	6,176,700)	6,277,600)	6,286,800)	6,315,300)	5,746,200)	5,740,600)	5,808,700)	6,205,200)	5,538,800)	5,525,600)	5,553,700)	6,360,600)	5,316,600)	5,281,200)	5,287,100)	5,635,500)	5,001,600)	4,996,300)	5,085,800)
Cost of sales	(4,865,100)	(4,640,900)	(4,559,600)	(4,940,300)	(4,651,700)	(4,479,200)	(4,512,700)	(4,615,100)	(4,252,600)	(4,361,400)	(4,491,900)	(4,354,800)	(4,041,700)	(4,092,100)	(4,081,500)	(4,293,100)	(3,866,900)	(3,861,700)	(3,854,100)	(4,259,600)	(3,650,600)	(3,653,400)	(3,660,000)	(3,828,300)	(3,481,100)	(3,483,900)	(3,531,200)
Gross profit	2,071,500)	2,124,400)	2,340,500)	2,137,100)	1,763,700)	1,861,000)	1,964,100)	2,152,200)	1,924,100)	1,916,200)	1,794,900)	1,960,500)	1,704,500)	1,648,500)	1,727,200)	1,912,100)	1,671,900)	1,663,900)	1,699,600)	2,101,000)	1,666,000)	1,627,800)	1,627,100)	1,807,200)	1,520,500)	1,512,400)	1,554,600)
Other revenue	3,300)	3,200)	2,500)	3,200)	2,300)	3,000)	2,900)	600)	300)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Selling, general and administrative expenses	(1,693,500)	(1,622,200)	(1,611,500)	(1,561,500)	(1,455,500)	(1,461,800)	(1,447,100)	(1,471,200)	(1,458,900)	(1,541,300)	(1,429,000)	(1,398,100)	(1,346,100)	(1,379,600)	(1,341,700)	(1,332,500)	(1,284,100)	(1,281,400)	(1,262,000)	(1,370,400)	(1,240,800)	(1,205,700)	(1,187,400)	(1,220,700)	(1,178,100)	(1,155,200)	(1,135,900)
Goodwill impairment	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	(313,000)	—)	—)	—)	(2,727,000)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Receivable impairment	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	35,000)	—)	(2,600)	(50,900)	—)	—)	—)	—)
Selling, general and administrative expenses	(1,693,500)	(1,622,200)	(1,611,500)	(1,561,500)	(1,455,500)	(1,461,800)	(1,447,100)	(1,471,200)	(1,458,900)	(1,541,300)	(1,429,000)	(1,711,100)	(1,346,100)	(1,379,600)	(1,341,700)	(4,059,500)	(1,284,100)	(1,281,400)	(1,262,000)	(1,335,400)	(1,240,800)	(1,208,300)	(1,238,300)	(1,220,700)	(1,178,100)	(1,155,200)	(1,135,900)
Operating income (loss)	381,300)	505,400)	731,500)	578,800)	310,500)	402,200)	519,900)	681,600)	465,500)	374,900)	365,900)	249,400)	358,400)	268,900)	385,500)	(2,147,400)	387,800)	382,500)	437,600)	765,600)	425,200)	419,500)	388,800)	586,500)	342,400)	357,200)	418,700)
Interest expense, net	(32,700)	(30,600)	(34,000)	(79,500)	(33,400)	(33,000)	(33,000)	(34,200)	(38,100)	(34,800)	(40,200)	(39,200)	(41,400)	(40,100)	(41,400)	(46,300)	(47,600)	(46,100)	(230,000)	(81,600)	(69,700)	(75,800)	(74,700)	(88,800)	(112,100)	(87,300)	(87,300)
Other income (expense), net	(200)	(100)	—)	(100)	(200)	—)	—)	—)	(100)	(200)	(500)	(700)	(100)	(400)	(200)	(400)	(200)	1,300)	(200)	7,500)	(400)	(100)	(300)	—)	(100)	—)	200)
Income (loss) before income taxes	348,400)	474,700)	697,500)	499,200)	276,900)	369,200)	486,900)	647,400)	427,300)	339,900)	325,200)	209,500)	316,900)	228,400)	343,900)	(2,194,100)	340,000)	337,700)	207,400)	691,500)	355,100)	343,600)	313,800)	497,700)	230,200)	269,900)	331,600)
Provision for income taxes	(81,500)	(114,800)	(161,100)	(45,000)	(60,100)	(86,800)	(112,400)	(144,600)	(97,300)	(78,400)	(77,600)	(86,500)	(61,100)	(48,100)	(76,000)	(112,900)	(58,200)	(63,800)	(46,900)	348,600)	(115,200)	(109,800)	(113,300)	(176,000)	(58,600)	(99,700)	(98,900)
Net income (loss)	266,900)	359,900)	536,400)	454,200)	216,800)	282,400)	374,500)	502,800)	330,000)	261,500)	247,600)	123,000)	255,800)	180,300)	267,900)	(2,307,000)	281,800)	273,900)	160,500)	1,040,100)	239,900)	233,800)	200,500)	321,700)	171,600)	170,200)	232,700)

Net sales exhibited a consistent upward trajectory over the analyzed period, growing from 5.08 billion US dollars in April 2016 to 6.94 billion US dollars by October 2022. This growth pattern is characterized by seasonal peaks, typically occurring in the first quarter of the calendar year, indicating a cyclical nature to revenue generation.

Gross Profitability and Cost Management: Gross profit expanded in alignment with net sales, rising from 1.55 billion US dollars in early 2016 to 2.07 billion US dollars by late 2022. While the cost of sales increased in absolute terms, the relationship between revenue and gross profit remained relatively stable, suggesting a consistent pricing strategy and cost of goods sold management over time.
Operating Expense Trends: Selling, general, and administrative (SG&A) expenses showed a gradual increase from approximately 1.14 billion US dollars in 2016 to 1.69 billion US dollars by October 2022. This suggests that operational overhead grew as the company scaled its revenue base, although the growth in SG&A was generally more moderate than the growth in net sales, implying improved operational leverage.
Non-Recurring Financial Impacts: A significant anomaly is observed in the quarter ending February 2, 2019, where a goodwill impairment of 2.73 billion US dollars was recorded. This non-cash charge resulted in a substantial operating loss of 2.15 billion US dollars and a net loss of 2.31 billion US dollars for that period. Outside of this specific event, operating income generally remained positive and grew in peak periods.
Net Income and Tax Effects: Net income displayed significant volatility, primarily driven by the 2019 impairment and seasonal fluctuations. Despite the 2019 outlier, the bottom line showed overall improvement toward the end of the period, with net income reaching 536.4 million US dollars in April 2022, compared to 232.7 million US dollars in April 2016. Interest expenses remained relatively stable, with a notable temporary spike in May 2018.

The overall financial trend indicates a company that has successfully scaled its top-line revenue and expanded its gross profit. While subject to a major one-time impairment charge in 2019, the recovery and subsequent growth in operating income and net income suggest a resilient operational framework and an increasing capacity for profitability.

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Dollar Tree Inc. (NASDAQ:DLTR)

Income StatementQuarterly Data

Income Statement
Quarterly Data