EXHIBIT 11
FRED MEYER, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER COMMON SHARE
(In thousands, except per share amounts)
(Unaudited)
12 Weeks Ended 28 Weeks Ended
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Aug. 13, Aug. 14, Aug. 13, Aug. 14,
1994 1993 1994 1993
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Weighted average number of
shares outstanding . . . . . . . . 26,518 25,705 26,479 25,643
Weighted average number of
shares under option. . . . . . . . 3,601 4,409 3,646 4,100
Shares assumed to have been
purchased under the
treasury stock method. . . . . . . (1,443) (1,776) (1,421) (1,504)
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Weighted average number of
common and common equivalent
shares outstanding . . . . . . . . 28,676 28,338 28,704 28,239
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Net income before the effect of
an accounting change . . . . . . . $19,193 $16,962 $35,179 $30,973
Effect of an accounting change . . . --- --- --- (2,588)
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Net income . . . . . . . . . . . . . $19,193 $16,962 $35,179 $28,385
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Earnings per common share on:
Net income before the effect
of an accounting change. . . . . $.67 $.60 $1.23 $1.10
Effect of an accounting change . . --- --- --- (.09)
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Net income . . . . . . . . . . . . $.67 $.60 $1.23 $1.01
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