EXHIBIT 11 KASH N' KARRY FOOD STORES, INC. COMPUTATION OF EARNINGS PER COMMON SHARE PRIMARY FULLY DILUTED EARNINGS EARNINGS ---------- ---------- Thirteen Weeks Ended January 28, 1996: Net income $1,176,000 $1,176,000 ========== ========== Common shares outstanding at beginning of period 4,649,943 4,649,943 Stock option plans: Shares under option at end of period 293,371 293,371 Treasury shares which could be purchased (167,148) (158,106) ---------- ---------- Average number of shares outstanding 4,776,166 4,785,208 =========== =========== Income per share $0.25 $0.25 =========== =========== PRIMARY FULLY DILUTED EARNINGS EARNINGS ---------- ---------- Twenty-six Weeks Ended January 28, 1996: Net loss $(655,000) $(665,000) ============ ============ Common shares outstanding at beginning of period 4,649,943 4,649,943 Stock option plans: Shares under option at end of period 293,371 293,371 Treasury shares which could be purchased (165,482) (158,106) ----------- ----------- Average number of shares outstanding 4,777,832 4,785,208 =========== =========== Loss per share $(0.14) $(0.14) =========== ===========