EARNINGS PER COMMON SHARE

9 Months Ended

Nov. 03, 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:

	Third Quarter Ended					Third Quarter Ended
	November 3, 2012					November 5, 2011
	Earnings(Numerator)		Shares(Denominator)	Per ShareAmount		Earnings(Numerator)		Shares(Denominator)	Per ShareAmount
Net earnings attributable to The Kroger Co. per basic common share	$	314	518	$	0.61	$	194	583	$	0.33
Dilutive effect of stock options			4					3
Net earnings attributable to The Kroger Co. per diluted common share	$	314	522	$	0.60	$	194	586	$	0.33

	Three Quarters Ended					Three Quarters Ended
	November 3, 2012					November 5, 2011
	Earnings(Numerator)		Shares(Denominator)	Per ShareAmount		Earnings(Numerator)		Shares(Denominator)	Per ShareAmount
Net earnings attributable to The Kroger Co. per basic common share	$	1,027	539	$	1.90	$	903	597	$	1.51
Dilutive effect of stock options			4					4
Net earnings attributable to The Kroger Co. per diluted common share	$	1,027	543	$	1.89	$	903	601	$	1.50

The Company had combined undistributed and distributed earnings to participating securities totaling $3 and $2 in the third quarters of 2012 and 2011, respectively.  The Company had combined undistributed and distributed earnings to participating securities of $8 and $6 in the first three quarters of 2012 and 2011, respectively.

The Company had options outstanding for approximately 14 and 17 shares during the third 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 12 and 13 shares in the first three 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.