EXHIBIT 11
THE LIMITED, INC. AND SUBSIDIARIES
COMPUTATION OF PER SHARE EARNINGS
(Thousands except per share amounts)
Thirteen Weeks Ended
---------------------
July 30, July 31,
1994 1993
-------- --------
Net income $ 53,832 $ 68,232
-------- --------
-------- --------
Common shares outstanding:
Weighted average 379,454 379,454
Dilutive effect of stock options 553 1,022
Weighted average treasury shares (21,373) (16,587)
-------- --------
Weighted average used to calculate
net income per share 358,634 363,889
-------- --------
-------- --------
Net income per share $.15 $.19
-------- --------
-------- --------
Twenty-six Weeks Ended
----------------------
July 30, July 31,
1994 1993
-------- ---------
Net income $101,108 $112,457
-------- --------
-------- --------
Common shares outstanding:
Weighted average 379,454 379,454
Dilutive effect of stock options 612 1,173
Weighted average treasury shares (21,467) (16,655)
-------- --------
Weighted average used to calculate
net income per share 358,599 363,972
-------- --------
-------- --------
Net income per share $.28 $.31
-------- --------
-------- --------
20