Stock Analysis on Net
Stock Analysis on Net

Dollar Tree Inc. (NASDAQ:DLTR)

This company has been moved to the archive! The financial data has not been updated since November 22, 2022.

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.

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

US$ in thousands

Microsoft Excel
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

Based on: 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-K (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-Q (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30).

Net Sales
Net sales exhibit fluctuations but an overall upward trend from April 2016 through October 2022. Initial values hovered just above 5 million US$, experiencing moderate increases and occasional declines. Starting early 2017, net sales gained momentum, peaking notably in the last quarters of 2021 and early 2022, with the highest values surpassing 7 million US$.
Cost of Sales
Cost of sales follows a similar fluctuating trend aligned with net sales, increasing gradually over the periods. From roughly 3.5 million US$ in early 2016, costs rose steadily to close to 4.9 million US$ by late 2022. Though elevated, cost growth appears proportionate with rising sales volumes, indicating consistent cost structure relative to sales.
Gross Profit
Gross profit mirrors variations in net sales and cost of sales. It increased from around 1.55 million US$ in April 2016 to peaks exceeding 2.1 million US$. There was some volatility, especially between 2018 and 2019, but the general direction is positive, indicating maintained or slightly improved gross profit margins in later periods.
Other Revenue
Other revenue was negligible or missing in early periods but began to appear from early 2021 onwards. Although the absolute values are small relative to net sales and gross profit, minor increases in other revenue suggest expanding supplementary income streams.
Selling, General and Administrative Expenses (SG&A)
SG&A expenses show a rising trend over time, increasing from near 1.14 million US$ in 2016 to roughly 1.7 million US$ by late 2022. The data reflect a one-off significant surge in early 2019 due to a recorded impairment, followed by stabilization around a higher baseline level. This indicates rising operating costs, possibly linked to business expansion or inflationary impacts.
Goodwill and Receivable Impairment
Notable impairment charges occurred sporadically, with a significant goodwill impairment recorded in late 2018 and early 2019, severely impacting operating income for those quarters. Receivable impairments appeared briefly in mid-2017 but were relatively minor in scale. These impairments point to occasional non-recurring financial setbacks affecting profitability.
Operating Income (Loss)
Operating income generally shows an upward movement, though highly impacted by impairments in late 2018/early 2019, resulting in a substantial operating loss during that period. Excluding this, operating income mostly ranges between 300,000 US$ and 700,000 US$, underscoring resilience and growth in core operations over time.
Interest Expense, Net
Interest expenses remain relatively stable, fluctuating around 30,000 to 87,000 US$ per quarter without a strong trend. This suggests consistent debt servicing costs not materially increasing despite growing business scale.
Other Income (Expense), Net
Other income/expense components are minimal and sporadic, generally close to zero with occasional small positive or negative values. No significant trend is discernible, reflecting minor ancillary financial activities.
Income Before Income Taxes
Income before income taxes follows the pattern of operating income, with a distinct loss during the impairment-affected periods in late 2018 and early 2019. Excluding that negative anomaly, income before taxes demonstrates solid positive values, aligning with improved operating performance in later quarters.
Provision for Income Taxes
Provision for income taxes fluctuates in accordance with pre-tax income, showing negative values consistent with tax expense. The quarter with positive tax provision coincides with the impairment loss period, likely due to deferred tax asset recognition. Later quarters reflect expected tax charges, rising as profitability improves.
Net Income (Loss)
Net income shows a generally positive trend consistent with operating income, except for the drastic loss during late 2018 and early 2019 tied to goodwill impairment. Outside this, net income grew from approximately 170,000 US$ per quarter in 2016 to peaks exceeding 500,000 US$ by early 2022. Fluctuations exist but overall profitability appears to improve steadily.