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EXHIBIT 11
WOOLWORTH CORPORATION
COMPUTATION OF NET INCOME (LOSS) PER COMMON SHARE
(in millions, except per share amounts)
(Unaudited) Thirteen weeks ended
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April 27, April 29,
1996 1995
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FINANCIAL STATEMENT PRESENTATION
Weighted-average number of common shares outstanding 133.1 132.5
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Net loss $ (22) $ (80)
Less: Preferred dividends -- --
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Net loss applicable to common shares $ (22) $ (80)
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Net loss per share of common stock $ (0.17) $ (0.60)
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PRIMARY(1)
Weighted-average number of common shares
outstanding and common share equivalents 133.1 132.5
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Net loss applicable to common shares $ (22) $ (80)
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Primary net income (loss) per share of common stock $ (0.17) $ (0.60)
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FULLY DILUTED (1) (2)
Weighted-average number of common shares outstanding
and fully diluted common share equivalents 133.6 132.6
Assumed conversion of preferred stock 0.5 0.6
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Adjusted weighted-average number of common
shares and common share equivalents 134.1 133.2
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Net loss applicable to common shares $ (22) $ (80)
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Fully diluted net loss per share of common stock $ (0.16) $ (0.60)
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(1) This calculation is submitted in accordance with Securities Exchange
Act of 1934 Release No. 9083 although not required by footnote 2 to
paragraph 14 of APB Opinion No. 15 because it results in dilution of
less than 3%.
(2) This calculation is submitted for the 1996 and 1995 losses in
accordance with Regulation S-K, Item 601(b)(11) although it is contrary
to paragraph 40 of APB Opinion No. 15 because it produces an
anti-dilutive result.