EXHIBIT 11
PART II - OTHER INFORMATION
COMPUTATION OF EARNINGS PER SHARE
BROWN GROUP, INC.
(Thousands, except per share)
Three Months Ended Six Months Ended
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August 3, July 29, August 3, July 29,
1996 1995 1996 1995
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PRIMARY
Weighted average shares outstanding 17,637 17,578 17,626 17,593
Net effect of dilutive stock options
based on the treasury stock method
using average market price 27 1 14 13
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TOTAL 17,664 17,579 17,640 17,606
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Net earnings (loss) $ 5,514 $ (8,381) $ 6,041 $(12,792)
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Net earnings (loss) per share (1) $ .31 $ (.48) $ .34 $ (.73)
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FULLY DILUTED
Weighted average shares outstanding 17,637 17,578 17,626 17,593
Net effect of dilutive stock options
based on the treasury stock method
using the period-end market
price, if higher than the average
market price 27 1 15 40
-------- -------- --------- --------
TOTAL 17,664 17,579 17,641 17,633
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Net earnings (loss) $ 5,514 $ (8,381) $ 6,041 $(12,792)
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Net earnings (loss) per share (1) $ .31 $ (.48) $ .34 $ (.73)
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(1) The dilutive effect of stock options was not
included in weighted average shares outstanding
for purposes of calculating earnings per share