EARNINGS PER COMMON SHARE

6 Months Ended

Aug. 11, 2012

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE

5.EARNINGS PER COMMON SHARE

Net earnings attributable to The Kroger Co. per basic common share equal net earnings attributable to The Kroger Co. less income allocated to participating securities divided by the weighted average number of common shares outstanding.  Net earnings attributable to The Kroger Co. per diluted common share equal net earnings attributable to The Kroger Co. less income allocated to participating securities divided by the weighted average number of common shares outstanding, after giving effect to dilutive stock options.  The following table provides a reconciliation of net earnings attributable to The Kroger Co. and shares used in calculating net earnings attributable to The Kroger Co. per basic common share to those used in calculating net earnings attributable to The Kroger Co. per diluted common share:

	Second Quarter Ended					Second Quarter Ended
	August 11, 2012					August 13, 2011
	Earnings(Numerator)		Shares(Denominator)	Per ShareAmount		Earnings(Numerator)		Shares(Denominator)	Per ShareAmount
Net earnings attributable to The Kroger Co. per basic common share	$	277	538	$	0.52	$	279	596	$	0.47
Dilutive effect of stock options			3					4
Net earnings attributable to The Kroger Co. per diluted common share	$	277	541	$	0.51	$	279	600	$	0.46

	Two Quarters Ended					Two Quarters Ended
	August 11, 2012					August 13,2011
	Earnings(Numerator)		Shares(Denominator)	Per ShareAmount		Earnings(Numerator)		Shares(Denominator)	Per ShareAmount
Net earnings attributable to The Kroger Co. per basic common share	$	713	548	$	1.30	$	708	603	$	1.17
Dilutive effect of stock options			4					4
Net earnings attributable to The Kroger Co. per diluted common share	$	713	552	$	1.29	$	708	607	$	1.17

The Company had combined undistributed and distributed earnings to participating securities totaling $2 in both the second quarters of 2012 and 2011.  For each of the first two quarters of 2012 and 2011, the Company had combined undistributed and distributed earnings to participating securities of $5.

The Company had options outstanding for approximately 16 and 11 shares during the second quarters of 2012 and 2011, respectively, that were excluded from the computations of earnings per diluted common share because their inclusion would have had an anti-dilutive effect on earnings per share.  The Company had options outstanding for approximately 13 shares in both the first two quarters of 2012 and 2011, respectively, that were excluded from the computations of earnings per diluted common share because their inclusion would have had an anti-dilutive effect on earnings per share.