EARNINGS PER COMMON SHARE

6 Months Ended

Aug. 12, 2017

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE

4.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 12, 2017					August 13, 2016
				Per					Per
	Earnings		Shares	Share		Earnings		Shares	Share
	(Numerator)		(Denominator)	Amount		(Numerator)		(Denominator)	Amount
Net earnings attributable to The Kroger Co. per basic common share	$	350	897	$	0.39	$	380	943	$	0.40
Dilutive effect of stock options			8					16
Net earnings attributable to The Kroger Co. per diluted common share	$	350	905	$	0.39	$	380	959	$	0.40

	Two Quarters Ended					Two Quarters Ended
	August 12, 2017					August 13, 2016
				Per					Per
	Earnings		Shares	Share		Earnings		Shares	Share
	(Numerator)		(Denominator)	Amount		(Numerator)		(Denominator)	Amount
Net earnings attributable to The Kroger Co. per basic common share	$	651	907	$	0.72	$	1,070	949	$	1.13
Dilutive effect of stock options			10					17
Net earnings attributable to The Kroger Co. per diluted common share	$	651	917	$	0.71	$	1,070	966	$	1.11

The Company had combined undistributed and distributed earnings to participating securities totaling $3 in the second quarter of 2017 and 2016.  For the first two quarters of 2017 and 2016, the Company had combined undistributed and distributed earnings to participating securities of $5 and $9, respectively. 

The Company had options outstanding for approximately 14 million and 8 million shares during the second quarter of 2017 and 2016, respectively, that were excluded from the computations of net earnings per diluted common share because their inclusion would have had an anti-dilutive effect on net earnings per share.  The Company had options outstanding for approximately 10 million shares in the first two quarters of 2017 and 6 million shares in the first two quarters of 2016 that were excluded from the computations of net earnings per diluted common share because their inclusion would have had an anti-dilutive effect on net earnings per share.