EXHIBIT-11 OXFORD INDUSTRIES, INC. COMPUTATION OF PER SHARE EARNINGS --------------------------------- Year Ended ------------------------------- May 31, 1996 June 2, 1995 ------------ ------------ Net earnings $2,194,000 $10,575,000 Average number of shares outstanding: Primary 8,838,438 8,832,960 Fully diluted 8,841,730 8,835,452 As reported (1) 8,748,625 8,669,888 Net earnings per common share: Primary $.25 $1.20 Fully Diluted $.25 $1.20 As Reported (1) $.25 $1.22 - - ------------------- (1) Common stock equivalents (which arise solely from outstanding stock options) are not materially dilutive and, accordingly, have not been considered in the computation of reported net earnings per common share. Weighted Average Shares O/S 8,700,450 Weighted Average Shares O/S 8,714,170 Weighted Average Shares O/S 8,779,344 Weighted Average Shares O/S 8,801,343 - - --------------------------- --------- 12 Months Average 8,748,625 ========= <page 23>