EXHIBIT 11
H. J. Heinz Company and Subsidiaries
COMPUTATION OF NET INCOME PER SHARE
(Unaudited)
Six Months Ended
-----------------------
October 29, October 30,
1997 1996
----------- -----------
FY 1998 FY 1997
Primary income per share:
Net income........................................... $432,167 $357,050
Preferred dividends.................................. 19 22
-------- --------
Net income applicable to common stock................ $432,148 $357,028
======== ========
Average common shares outstanding and
common stock equivalents.......................... 373,732 374,500
======== ========
Net income per share--primary........................ $ 1.16 $ 0.95
======== ========
Fully diluted income per share:
Net income........................................... $432,167 $357,050
======== ========
Average common shares outstanding and
common stock equivalents.......................... 373,732 374,500
Additional common shares assuming:
Conversion of $1.70 third cumulative preferred
stock........................................... 310 350
Additional common shares assuming options were
exercised at the period-end market price........ 547 531
-------- --------
Average common shares outstanding and
common stock equivalents.......................... 374,589 375,381
======== ========
Net income per share--fully diluted................. $ 1.15 $ 0.95
======== ========
All amounts in thousands except per share amounts.
------------
EXHIBIT 11
H. J. Heinz Company and Subsidiaries
COMPUTATION OF NET INCOME PER SHARE
(Unaudited)
Three Months Ended
-----------------------
October 29, October 30,
1997 1996
----------- -----------
FY 1998 FY 1997
Primary income per share:
Net income........................................... $188,866 $177,520
Preferred dividends.................................. 9 11
-------- --------
Net income applicable to common stock................ $188,857 $177,509
======== ========
Average common shares outstanding and
common stock equivalents.......................... 373,732 374,500
======== ========
Net income per share--primary........................ $ 0.51 $ 0.47
======== ========
Fully diluted income per share:
Net income........................................... $188,866 $177,520
======== ========
Average common shares outstanding and
common stock equivalents.......................... 373,732 374,500
Additional common shares assuming:
Conversion of $1.70 third cumulative preferred
stock........................................... 310 350
Additional common shares assuming options were
exercised at the period-end market price........ 547 531
-------- --------
Average common shares outstanding and
common stock equivalents.......................... 374,589 375,381
======== ========
Net income per share--fully diluted................. $ 0.50 $ 0.47
======== ========
All amounts in thousands except per share amounts.
------------