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EARNINGS PER COMMON SHARE
6 Months Ended
Aug. 16, 2025
EARNINGS PER COMMON SHARE  
EARNINGS PER COMMON SHARE

4.

EARNINGS PER COMMON SHARE

Net earnings attributable to The Kroger Co. per basic common share equals 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 equals 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 16, 2025

August 17, 2024

 

    

    

    

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

$

604

 

662

$

0.91

$

463

 

723

$

0.64

Dilutive effect of stock options

 

3

 

4

Net earnings attributable to The Kroger Co. per diluted common share

$

604

 

665

$

0.91

$

463

 

727

$

0.64

Two Quarters Ended

Two Quarters Ended

August 16, 2025

August 17, 2024

    

    

    

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

$

1,464

 

661

$

2.22

$

1,403

 

722

$

1.94

Dilutive effect of stock options

 

3

 

6

Net earnings attributable to The Kroger Co. per diluted common share

$

1,464

 

664

$

2.20

$

1,403

 

728

$

1.93

The Company had combined undistributed and distributed earnings to participating securities totaling $5 and $3 in the second quarters of 2025 and 2024, respectively. For the first two quarters of 2025 and 2024, the Company had combined undistributed and distributed earnings to participating securities of $11 and $10, respectively.

The Company had options outstanding for approximately 1 million and 4 million shares during the second quarters of 2025 and 2024, 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 1 million and 3 million shares during the first two quarters of 2025 and 2024, 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.