EARNINGS PER COMMON SHARE

6 Months Ended

Aug. 17, 2024

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE

4. EARNINGS PER COMMON SHARE

Net earnings (loss) attributable to The Kroger Co. per basic common share equals net earnings (loss) attributable to The Kroger Co. less income (loss) allocated to participating securities divided by the weighted-average number of common shares outstanding. Net earnings (loss) attributable to The Kroger Co. per diluted common share equals net earnings (loss) attributable to The Kroger Co. less income (loss) 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 (loss) attributable to The Kroger Co. and shares used in calculating net earnings (loss) attributable to The Kroger Co. per basic common share to those used in calculating net earnings (loss) attributable to The Kroger Co. per diluted common share:

	Second Quarter Ended					Second Quarter Ended
	August 17, 2024					August 12, 2023
				Per					Per
	Earnings		Shares	Share		Earnings		Shares	Share
	(Numerator)		(Denominator)	Amount		(Numerator)		(Denominator)	Amount
Net earnings (loss) attributable to The Kroger Co. per basic common share	$	463	723	$	0.64	$	(179)	719	$	(0.25)
Dilutive effect of stock options			4					—
Net earnings (loss) attributable to The Kroger Co. per diluted common share	$	463	727	$	0.64	$	(179)	719	$	(0.25)

	Two Quarters Ended					Two Quarters Ended
	August 17, 2024					August 12, 2023
				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	$	1,403	722	$	1.94	$	775	718	$	1.08
Dilutive effect of stock options			6					7
Net earnings attributable to The Kroger Co. per diluted common share	$	1,403	728	$	1.93	$	775	725	$	1.07

The Company had combined undistributed and distributed earnings to participating securities totaling $3 and $(1) in the second quarters of 2024 and 2023, respectively. For the first two quarters of 2024 and 2023, the Company had combined undistributed and distributed earnings to participating securities of $10 and $7, respectively.

The Company had options outstanding for approximately 4 million shares during the second quarter of 2024 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. In the second quarter of 2023, there was no dilutive effect of stock options due to the Company having a net loss. The Company had options outstanding for approximately 3 million shares during both the first two quarters of 2024 and 2023 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.