Exhibit 11
COMPUTATION OF PER SHARE EARNINGS
The following is a computation of the weighted average number of shares
outstanding which is used in the computation of per share earnings for Luby's
Cafeterias, Inc. for the three and twelve months ended August 31, 1994 and
1993.
Three months ended August 31, 1994:
25,440,811 x shares outstanding for 14 days 356,171,354
25,400,907 x shares outstanding for 16 days 406,414,512
25,360,562 x shares outstanding for 20 days 507,211,240
25,312,432 x shares outstanding for 11 days 278,436,752
25,268,032 x shares outstanding for 14 days 353,752,448
25,157,400 x shares outstanding for 17 days 427,675,800
_____________
2,329,662,106
92
_____________
25,322,414
Twelve months ended August 31, 1994:
27,227,108 x shares outstanding for 1 day 27,227,108
27,214,570 x shares outstanding for 15 days 408,218,550
27,145,448 x shares outstanding for 14 days 380,036,272
27,022,276 x shares outstanding for 12 days 324,267,312
26,820,618 x shares outstanding for 19 days 509,591,742
26,420,208 x shares outstanding for 11 days 290,622,288
26,388,690 x shares outstanding for 21 days 554,162,490
26,389,190 x shares outstanding for 10 days 263,891,900
26,314,582 x shares outstanding for 19 days 499,977,058
26,077,694 x shares outstanding for 16 days 417,243,104
26,066,151 x shares outstanding for 15 days 390,992,265
26,054,664 x shares outstanding for 14 days 364,765,296
25,907,814 x shares outstanding for 14 days 362,709,396
25,813,627 x shares outstanding for 17 days 438,831,659
25,768,465 x shares outstanding for 14 days 360,758,510
25,679,895 x shares outstanding for 19 days 487,918,005
25,588,896 x shares outstanding for 14 days 358,244,544
25,543,726 x shares outstanding for 16 days 408,699,616
25,462,707 x shares outstanding for 12 days 305,552,484
25,440,811 x shares outstanding for 14 days 356,171,354
25,400,907 x shares outstanding for 16 days 406,414,512
25,360,562 x shares outstanding for 20 days 507,211,240
25,312,432 x shares outstanding for 11 days 278,436,752
25,268,032 x shares outstanding for 14 days 353,752,448
25,157,400 x shares outstanding for 17 days 427,675,800
_____________
9,483,371,705
365
_____________
25,981,840
Three months ended August 31, 1993:
27,238,969 x shares outstanding for 28 days 762,691,132
27,239,941 x shares outstanding for 13 days 354,119,233
27,231,274 x shares outstanding for 3 days 81,693,822
27,227,141 x shares outstanding for 22 days 598,997,102
27,227,880 x shares outstanding for 19 days 517,329,720
27,227,108 x shares outstanding for 7 days 190,589,756
_____________
2,505,420,765
92
_____________
27,232,834
Twelve months ended August 31, 1993:
27,133,567 x shares outstanding for 28 days 759,739,876
27,133,663 x shares outstanding for 23 days 624,074,249
27,134,265 x shares outstanding for 43 days 1,166,773,395
27,134,512 x shares outstanding for 14 days 379,883,168
27,141,134 x shares outstanding for 17 days 461,399,278
27,149,905 x shares outstanding for 25 days 678,747,625
27,179,067 x shares outstanding for 4 days 108,716,268
27,227,626 x shares outstanding for 15 days 408,414,390
27,238,292 x shares outstanding for 42 days 1,144,008,264
27,238,969 x shares outstanding for 90 days 2,451,507,210
27,239,941 x shares outstanding for 13 days 354,119,233
27,231,274 x shares outstanding for 3 days 81,693,822
27,227,141 x shares outstanding for 22 days 598,997,102
27,227,880 x shares outstanding for 19 days 517,329,720
27,227,108 x shares outstanding for 7 days 190,589,756
_____________
9,925,993,356
365
_____________
27,194,502