Dollar Tree 2014 Annual Report Download - page 40

Download and view the complete annual report

Please find page 40 of the 2014 Dollar Tree annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 100

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100

24
Item 6. SELECTED FINANCIAL DATA
The following table presents a summary of our selected financial data for the fiscal years ended January 31, 2015,
February 1, 2014, February 2, 2013, January 28, 2012, and January 29, 2011. Fiscal 2012 included 53 weeks, commensurate
with the retail calendar, while all other fiscal years reported in the table contain 52 weeks. The selected income statement and
balance sheet data have been derived from our consolidated financial statements that have been audited by our independent
registered public accounting firm. This information should be read in conjunction with the consolidated financial statements
and related notes, "Management’s Discussion and Analysis of Financial Condition and Results of Operations" and our financial
information found elsewhere in this report.
Comparable store net sales compare net sales for stores open before December of the year prior to the two years being
compared, including expanded stores. Net sales per store and net sales per selling square foot are calculated for stores open
throughout the period presented.
Amounts in the following tables are in millions, except per share data, number of stores data, net sales per selling square
foot data and inventory turns.
Year Ended
January 31,
2015
February 1,
2014
February 2,
2013
January 28,
2012
January 29,
2011
Income Statement Data:
Net sales $ 8,602.2 $ 7,840.3 $ 7,394.5 $ 6,630.5 $ 5,882.4
Gross profit 3,034.0 2,789.8 2,652.7 2,378.3 2,087.6
Selling, general and administrative expenses 1,993.8 1,819.5 1,732.6 1,596.2 1,457.6
Operating income 1,040.2 970.3 920.1 782.1 630.0
Net income 599.2 596.7 619.3 488.3 397.3
Margin Data (as a percentage of net sales):
Gross profit 35.3% 35.6% 35.9% 35.9% 35.5%
Selling, general and administrative expenses 23.2% 23.2% 23.5% 24.1% 24.8%
Operating income 12.1% 12.4% 12.4% 11.8% 10.7%
Net income 7.0% 7.6% 8.4% 7.4% 6.8%
Per Share Data:
Diluted net income per share $ 2.90 $ 2.72 $ 2.68 $ 2.01 $ 1.55
Diluted net income per share increase 6.6% 1.5% 33.3% 29.7% 30.3%