EARNINGS PER COMMON SHARE

6 Months Ended

Aug. 17, 2013

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 17, 2013					August 11, 2012
	Earnings(Numerator)		Shares(Denominator)	Per ShareAmount		Earnings(Numerator)		Shares(Denominator)	Per ShareAmount
Net earnings attributable to The Kroger Co. per basic common share	$	315	515	$	0.61	$	277	538	$	0.52
Dilutive effect of stock options			6					3
Net earnings attributable to The Kroger Co. per diluted common share	$	315	521	$	0.60	$	277	541	$	0.51

	Two Quarters Ended					Two Quarters Ended
	August 17, 2013					August 11, 2012
	Earnings(Numerator)		Shares(Denominator)	Per ShareAmount		Earnings(Numerator)		Shares(Denominator)	Per ShareAmount
Net earnings attributable to The Kroger Co. per basic common share	$	791	515	$	1.54	$	713	548	$	1.30
Dilutive effect of stock options			5					4
Net earnings attributable to The Kroger Co. per diluted common share	$	791	520	$	1.52	$	713	552	$	1.29

The Company had combined undistributed and distributed earnings to participating securities totaling $2 in the second quarter of 2013 and $2 in the second quarter of 2012.  For the first two quarters of 2013 and 2012, the Company had combined undistributed and distributed earnings to participating securities of $7 and $5, respectively.

The Company had options outstanding for approximately 2 and 16 shares during the second quarters of 2013 and 2012, 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 1 shares in the first two quarters of 2013 and 13 shares in the first two quarters of 2012 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.