EXHIBIT 11
FLEMING COMPANIES, INC.
EARNINGS PER SHARE COMPUTATION
(In thousands, except per share amounts)
YEAR ENDED
--------------------------
DECEMBER 25, DECEMBER 26,
1993 1992
------------ ------------
PRIMARY EARNINGS
PER COMMON SHARE
Reconciliation of net
earnings from consolidated
condensed statements of earnings
to amount used in primary earnings
per share computation:
Earnings before extraordinary
loss and accounting change
applicable to common shares $37,480 $118,904
Weighted average common
shares outstanding used
to compute primary
earnings per share 36,801 35,759
Add common share equivalents-
common shares issuable
under stock option and
stock purchase plans 26 33
------ ------
Weighted average common
shares outstanding, as
adjusted 36,827 35,792
------ ------
------ ------
Primary earnings per
common share before
extraordinary item and
accounting change $1.02(a) $3.32(b)
----- -----
----- -----
<FN>
(a) Agrees to the related amounts shown in the consolidated condensed
statements of earnings.
(b) This calculation is submitted in accordance with Regulation S-K item
601(b)(11) although not required by footnote 2 to paragraph 14 of APB
No. 15 because it results in dilution of less than 3% or is antidilutive.
-93-
EXHIBIT 11
(Continued)
FLEMING COMPANIES, INC.
EARNINGS PER SHARE COMPUTATION
(In thousands, except per share amounts)
YEAR ENDED
--------------------------
DECEMBER 25, DECEMBER 26,
1993 1992
------------ ------------
(PRIMARY EARNINGS PER COMMON
SHARE, cont'd)
- ----------------------------
Extraordinary item $2,308 $5,864
------ -------
------ -------
Weighted average common shares
outstanding, as adjusted 36,827 35,792
------ -------
------ -------
Loss per share related to
extraordinary item $ .06(a) $.16(a)
----- -------
----- -------
Earnings applicable to common shares $35,172 $113,040
------ -------
------ -------
Weighted average common shares
outstanding, as adjusted 36,827 35,792
------ -------
------ -------
Primary earnings per common share $.96(a) $3.16(b)
------ -------
------ -------
<FN>
(a) Agrees to the related amounts shown in the consolidated condensed
statements of earnings.
(b) This calculation is submitted in accordance with Regulation S-K item
601(b)(11) although not required by footnote 2 to paragraph 14 of APB
No. 15 because it results in dilution of less than 3% or is antidilutive.
-94-
EXHIBIT 11
(Continued)
FLEMING COMPANIES, INC.
EARNINGS PER SHARE COMPUTATION
(In thousands, except per share amounts)
YEAR ENDED
-----------------------------
DECEMBER 25, DECEMBER 26,
1993 1992
FULLY DILUTED EARNINGS
PER COMMON SHARE
- ----------------------
Reconciliation of net
earnings, as adjusted
in primary computation
above, to amount used
for fully diluted computation
in consolidated condensed
statements of earnings:
Earnings before extraordinary loss
and accounting change applicable
to common shares $37,480 $118,904
Add interest on 6.5%
convertible notes,
net of tax effect --- 5,681
------- --------
Net earnings, as adjusted $37,480 $124,585
------- --------
------- --------
Weighted average common
shares outstanding,
as adjusted in primary
computation to amount
used for fully diluted
earnings per share 36,827 35,792
Add shares issuable from
assumed conversion of
6.5% convertible notes --- 2,989
------ ------
Weighted average common shares
outstanding, as adjusted 36,827 38,781
------ ------
------ ------
Fully diluted net earnings
per common share $1.02(a) $3.21(a)
----- -----
----- -----
<FN>
(a) Agrees to the related amounts shown in the consolidated condensed
statements of earnings.
(b) This calculation is submitted in accordance with Regulation S-K item
601(b)(11) although not required by footnote 2 to paragraph 14 of APB
No. 15 because it results in dilution of less than 3% or is antidilutive.
-95-
EXHIBIT 11
(Continued)
FLEMING COMPANIES, INC.
EARNINGS PER SHARE COMPUTATION
(In thousands, except per share amounts)
Year Ended
--------------------------
DECEMBER 25, DECEMBER 26,
1993 1992
------------ -----------
(FULLY DILUTED EARNINGS PER
COMMON SHARE, cont'd)
Extraordinary item $2,308 $5,864
------ ------
Weighted average common shares
outstanding, as adjusted 36,827 38,781
------ ------
------ ------
Loss per share related to
extraordinary item and
accounting change $.06(a) $.15(a)
---- ----
Net earnings $35,172 $113,040
Add interest on 6.5% convertible
notes, net of tax effect --- 5,681
------- --------
Earnings applicable to common shares $35,172 $118,721
------- ---------
------- ---------
Weighted average common shares
outstanding, as adjusted 36,827 38,781
------ ------
------ ------
Fully diluted earnings per common share $.96(a) $3.06(a)
---- -----
---- -----
<FN>
(a) Agrees to the related amounts shown in the consolidated condensed
statements of earnings.
(b) This calculation is submitted in accordance with Regulation S-K item
601(b)(11) although not required by footnote 2 to paragraph 14 of APB
No. 15 because it results in dilution of less than 3% or is antidilutive.
-96-