EXHIBIT 11
JONES APPAREL GROUP, INC.
Computation of Basic and Diluted Earnings per Share
(In thousands except per share amounts)
For the Quarter Ended For the Nine Months Ended
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September 27, September 28, September 27, September 28,
1998 1997<F1> 1998 1997<F1>
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Basic Earnings per Share:
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Net income................ $59,098 $48,938 $122,746 $97,758
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Weighted average number of
shares outstanding........ 100,886 104,372 100,821 104,124
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Basic earnings per share.. $0.59 $0.47 $1.22 $0.94
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Diluted Earnings per Share:
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Net income................ $59,098 $48,938 $122,746 $97,758
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Weighted average number of
shares outstanding........ 100,886 104,372 100,821 104,124
Assumed issuances under
exercise of stock options. 3,540 4,262 3,792 4,060
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104,426 108,634 104,613 108,184
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Diluted earnings per share $0.57 $0.45 $1.17 $0.90
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<F1> Adjusted for 2-for-1 stock split effective June 28, 1998.