1 EXHIBIT 11.1 STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE (Unaudited) (in thousands, except per share data) Twelve Weeks Ended --------------------------- Nov. 23, Nov. 18, 1996 1995 ----------- ------------ PRIMARY: Average shares outstanding .......................................... 150,243 147,170 Net effect of dilutive stock options, based on the treasury stock method, using average fair market value ................................................. 2,151 2,677 ----------- ----------- Total shares used in computation .................................... 152,394 149,847 =========== =========== Net income .......................................................... $ 37,975 $ 34,797 =========== =========== Per share amount .................................................... $ 0.25 $ 0.23 =========== =========== FULLY DILUTED: Average shares outstanding .......................................... 150,243 147,170 Net effect of dilutive stock options, based on the treasury stock method, using higher of average or ending fair market value ................................................. 2,151 3,000 ----------- ----------- Total shares used in computation .................................... 152,394 150,170 =========== =========== Net income .......................................................... $ 37,975 $ 34,797 =========== =========== Per share amount .................................................... $ 0.25 $ 0.23 =========== ===========