EXHIBIT 11
FRED'S, INC.
COMPUTATION OF NET INCOME (LOSS) PER SHARE
(unaudited)
(in thousands, except per share amounts)
Thirteen Weeks Ended Twenty-Six Weeks Ended
August 3, July 29, August 3, July 29,
1996 1995 1996 1995
Primary net income (loss) per share
Net income (loss) $ 414 $ (427) $2,466 $1,828
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Weighted average number of common
shares outstanding during the period 9,330 9,335 9,330 9,330
Additional shares attributable to
common stock equivalents - - - -
----- ----- ----- -----
9,330 9,335 9,330 9,330
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Net income (loss) per share $ .04 $ (.05) $ .26 $ .20
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Fully diluted net income (loss) per share
Net income (loss) $ 414 $ (427) $2,466 $1,828
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Weighted average number of common
shares outstanding during the period 9,330 9,335 9,330 9,330
Additional shares attributable to
common stock equivalents - - - -
----- ----- ----- -----
9,330 9,335 9,330 9,330
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Net income (loss) per share $ .04 $ (.05) $ .26 $ .20
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