EXHIBIT 11.1
BEST BUY CO., INC.
COMPUTATION OF NET EARNINGS (LOSS) PER COMMON SHARE
(Amounts in 000, except per share amounts)
(unaudited)
Three Months Ended Nine Months Ended
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November 30, November 25, November 30, November 25,
1996 1995 1996 1995
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Earnings (Loss):
Net earnings (loss) available
to common shares $ (10,973) $17,802 $(6,776) $28,188
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Shares:
Weighted average common shares
outstanding 43,251 42,692 43,119 42,569
Adjustments:
Assumed issuance of shares
purchased under stock
option plans - 833 - 1,059
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Total common equivalent shares 43,251 43,525 43,119 43,628
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Net earnings (loss) per common
share $ (.25) $ .41 $ (.16) $ .65
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Note: The computation of earnings per common share assuming full dilution
results in anti-dilution.