EXHIBIT 11 KASH N' KARRY FOOD STORES, INC. COMPUTATION OF EARNINGS PER COMMON SHARE PRIMARY FULLY DILUTED EARNINGS EARNINGS ---------- ---------- Thirteen Weeks Ended April 28, 1996: Net income $3,648,000 $3,648,000 ========== ========== Common shares outstanding at beginning of period 4,649,943 4,649,943 Stock option plans: Shares under option at end of period 252,243 252,243 Treasury shares which could be purchased (169,177) (169,177) ---------- ---------- Average number of shares outstanding 4,733,009 4,733,009 =========== =========== Income per share $0.77 $0.77 =========== =========== PRIMARY FULLY DILUTED EARNINGS EARNINGS ---------- ---------- Thirty-nine Weeks Ended April 28, 1996 Net income $2,993,000 $2,993,000 ========== ========== Common shares outstanding at beginning of period 4,649,943 4,649,943 Stock option plans: Shares under option at end of period 252,243 252,243 Treasury shares which could be purchased (157,311) (157,311) ----------- ----------- Average number of shares outstanding 4,744,875 4,744,875 =========== =========== Loss per share $ 0.63 $ 0.63 =========== ===========