$DLTR

DOLLAR TREE INC

CIK:0000935703|SEC Filings

CONSOLIDATED INCOME STATEMENTS - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Aug. 01, 2026	Aug. 02, 2025	Aug. 01, 2026	Aug. 02, 2025
Income Statement [Abstract]
Net sales	$ 4,886.5	$ 4,566.8	$ 9,857.0	$ 9,203.3
Other revenue	4.7	3.6	10.0	6.8
Total revenue	4,891.2	4,570.4	9,867.0	9,210.1
Cost of sales	2,792.2	2,996.7	5,933.2	5,983.7
Selling, general and administrative expenses	1,426.6	1,350.7	2,809.2	2,619.3
Transition services agreement income, net	17.7	8.0	38.8	8.0
Operating income	690.1	231.0	1,163.4	615.1
Interest expense, net	17.8	22.8	34.1	45.5
Other income, net	(14.1)	(0.4)	(19.5)	(62.1)
Income from continuing operations before income taxes	686.4	208.6	1,148.8	631.7
Provision for income taxes	171.9	53.1	287.0	162.7
Income from continuing operations	514.5	155.5	861.8	469.0
Income from discontinued operations, net of tax	0.0	32.9	0.0	62.8
Net income	$ 514.5	$ 188.4	$ 861.8	$ 531.8
Basic earnings per share of common stock:
Continuing operations (usd per share)	$ 2.70	$ 0.75	$ 4.45	$ 2.23
Discontinued operations (usd per share)	0	0.16	0	0.30
Total basic earnings (loss) per share of common stock (usd per share)	2.70	0.91	4.45	2.53
Diluted earnings per share of common stock:
Continuing operations (usd per share)	2.70	0.75	4.44	2.22
Discontinued operations (usd per share)	0	0.16	0	0.30
Total diluted earnings (loss) per share of common stock (usd per share)	$ 2.70	$ 0.91	$ 4.44	$ 2.52
Weighted average common shares outstanding:
Basic (in shares)	190.6	207.3	193.7	210.4
Diluted (in shares)	190.9	207.8	194.1	210.8

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions

6 Months Ended

Aug. 01, 2026

Aug. 02, 2025

Cash flows from operating activities:

Net income

$ 861.8

$ 531.8

Income from discontinued operations, net of tax

0.0

62.8

Income from continuing operations

861.8

469.0

Adjustments to reconcile income from continuing operations to net cash provided by operating activities:

Depreciation and amortization

356.8

313.1

Provision for deferred income taxes

193.9

158.7

Stock-based compensation expense

40.7

31.6

Impairments

0.4

0.1

Gain on insurance proceeds related to fixed assets

0.0

(41.0)

Other non-cash adjustments to income from continuing operations

22.6

14.6

Changes in operating assets and liabilities:

Merchandise inventories

40.2

(7.4)

Income taxes receivable

3.0

(18.0)

Other current assets

(4.4)

(52.7)

Other assets

(17.0)

(17.3)

Accounts payable

97.2

(114.0)

Income taxes payable

0.0

(121.0)

Other current liabilities

(38.6)

41.1

Other liabilities

19.4

15.5

Operating lease right-of-use assets and liabilities, net

(10.5)

(33.1)

Net cash provided by operating activities of continuing operations

1,565.5

639.2

Cash flows from investing activities:

Capital expenditures

(498.8)

(493.9)

Proceeds from sale of discontinued operations

0.0

668.0

Cash divested from sale of discontinued operations

0.0

(246.0)

Proceeds from insurance recoveries

0.0

50.0

Proceeds from (payments for) fixed asset disposition

(1.0)

0.7

Net cash used in investing activities of continuing operations

(499.8)

(21.2)

Cash flows from financing activities:

Proceeds from long-term debt

500.0

0.0

Principal payments for long-term debt

0.0

(1,000.0)

Debt-issuance costs

0.0

(3.8)

Proceeds from commercial paper notes

0.0

3,692.9

Repayments of Commercial Paper

0.0

(3,393.7)

Proceeds from stock issued pursuant to stock-based compensation plans

3.8

4.9

Cash paid for taxes on exercises/vesting of stock-based compensation

(18.7)

(12.1)

Payments for repurchase of stock

(1,208.9)

(924.2)

Net cash used in financing activities

(723.8)

(1,636.0)

Cash flows from discontinued operations:

Net cash provided by operating activities of discontinued operations

0.0

343.3

Net cash used in investing activities of discontinued operations

0.0

(79.8)

Net cash provided by discontinued operations

0.0

263.5

Effect of exchange rate changes on cash, cash equivalents and restricted cash

(0.8)

0.6

Net change in cash, cash equivalents and restricted cash

341.1

(753.9)

Cash, cash equivalents and restricted cash at beginning of period

760.7

1,511.2

Cash, cash equivalents and restricted cash at end of period

1,101.8

757.3

Cash paid for:

Interest, net of amounts capitalized

^[1]

52.7

71.3

Income taxes

^[1]

95.8

144.1

Non-cash transactions:

Right-of-use assets obtained in exchange for new operating lease liabilities

^[1]

609.1

780.1

Accrued capital expenditures

^[1]

$ 48.9

$ 40.6

[1]	(1) Supplemental disclosures are inclusive of activity for discontinued operations through the completion of the sale of the Family Dollar business on July 5, 2025.

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Aug. 01, 2026	Jan. 31, 2026	Aug. 02, 2025
Current assets:
Cash and cash equivalents	$ 1,058.1	$ 717.8	$ 666.3
Merchandise inventories	2,452.2	2,495.4	2,683.4
Other current assets	234.3	233.0	264.2
Total current assets	3,744.6	3,446.2	3,613.9
Restricted cash	43.7	42.9	77.5
Property, plant and equipment, net of accumulated depreciation of $5,179.2, $4,848.5 and $4,682.9, respectively	5,100.9	4,959.6	4,652.4
Operating lease right-of-use assets	4,559.1	4,435.1	4,393.2
Goodwill	422.1	423.2	422.4
Deferred income taxes, net	1.7	1.0	85.5
Other assets	157.5	158.2	140.0
Total assets	14,029.6	13,466.2	13,384.9
Current liabilities:
Short-term borrowings	0.0	0.0	299.5
Current portion of operating lease liabilities	1,011.0	1,000.2	976.7
Accounts payable	1,626.5	1,530.7	1,593.8
Other current liabilities	665.6	697.7	616.9
Total current liabilities	3,303.1	3,228.6	3,486.9
Long-term debt, net	2,933.5	2,431.7	2,429.7
Operating lease liabilities, long-term	3,726.3	3,623.7	3,636.8
Deferred income taxes, net	347.9	153.3	0.0
Income taxes payable, long-term	23.4	29.7	27.6
Other liabilities	270.1	244.3	198.8
Total liabilities	10,604.3	9,711.3	9,779.8
Contingencies (Note 3)
Shareholders’ equity:
Common stock, par value $0.01; 600,000,000 shares authorized, 187,672,941, 198,505,205 and 204,634,244 shares issued and outstanding, respectively	1.9	2.0	2.1
Additional paid-in capital	0.0	0.0	0.0
Accumulated other comprehensive loss	(55.5)	(50.7)	(54.0)
Retained earnings	3,478.9	3,803.6	3,657.0
Total shareholders’ equity	3,425.3	3,754.9	3,605.1
Total liabilities and shareholders’ equity	$ 14,029.6	$ 13,466.2	$ 13,384.9