EXHIBIT 11 EXHIBIT 11 NINE WEST GROUP INC. AND SUBSIDIARIES COMPUTATION OF EARNINGS PER SHARE (in thousands except per share data) Thirteen weeks ended May 4 April 29 ------- ------- PRIMARY EARNINGS PER SHARE: Earnings: Net income available for common stock $15,050 $14,050 ====== ====== Shares: Weighted average number of common shares outstanding 35,402 34,810 ====== ====== Primary earnings per share: Net income $ 0.43 $ 0.40 ====== ====== ADDITIONAL PRIMARY COMPUTATION Earnings: Net income available for common stock $15,050 $14,050 ====== ====== Shares: Weighted average number of common shares outstanding 35,402 34,810 Add: Net effect of dilutive stock options based on the treasury stock method using average market price 1,170 283 ------ ------ Weighted average number of shares outstanding including common stock equivalents 36,572 35,093 ====== ====== Primary earnings per share, as adjusted: Net income $ 0.41 $ 0.40 ====== ====== (1) Fully diluted earnings per common and common equivalent share are equal to primary earnings per share. 1