AMERICAN
CONSUMERS, INC.


NET
INCOME PER COMMON SHARE




EXHIBIT
11




THIRTEEN WEEKS ENDED
                                                                            
                                                                            
                                                                            THIRTY-NINE WEEKS ENDEDFebruary
      28,
                                                                            
                                                                            
                                                                            March
      1,
                                                                            
                                                                            
                                                                            February
      28,
                                                                            
                                                                            
                                                                            March
      1,2009
                                                                            
                                                                            
                                                                            2008
                                                                            
                                                                            
                                                                            2009
                                                                            
                                                                            
                                                                            2008Net
      income for computing income per common share
                                                                            
                                                                            $
                                                                            7,334
                                                                            
                                                                            
                                                                            $
                                                                            23,287
                                                                            
                                                                            
                                                                            $
                                                                            34,790
                                                                            
                                                                            
                                                                            $
                                                                            75,809Weighted
      average number of common sharesoutstanding
      during each period
                                                                            
                                                                            
                                                                            780,268
                                                                            
                                                                            
                                                                            
                                                                            783,453
                                                                            
                                                                            
                                                                            
                                                                            780,751
                                                                            
                                                                            
                                                                            
                                                                            783,888Net
      income per common share
                                                                            
                                                                            $
                                                                            0.009
                                                                            
                                                                            
                                                                            $
                                                                            0.030
                                                                            
                                                                            
                                                                            $
                                                                            0.045
                                                                            
                                                                            
                                                                            $
                                                                            0.097