EXHIBIT 11
FRED'S, INC.
COMPUTATION OF NET INCOME PER SHARE
(unaudited)
(in thousands, except per share amounts)
Thirteen Weeks Ended Thirty-Nine Weeks Ended
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Nov. 2, Oct. 28, Nov. 2, Oct. 28,
1996 1995 1996 1995
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PRIMARY NET INCOME PER SHARE
Net income $1,261 $ 121 $3,727 $1,949
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Weighted average number
of common shares
outstanding during the
period 9,322 9,335 9,331 9,332
Additional shares
attributable to common
stock equivalents - - - -
----- ----- ----- -----
9,322 9,335 9,331 9,332
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Net income per share $ .14 $ .01 $ .40 $ .21
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FULLY DILUTED NET INCOME PER SHARE
Net income $1,261 $ 121 $3,727 $1,949
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Weighted average number of
common shares outstanding
during the period 9,322 9,335 9,331 9,332
Additional shares
attributable to common
stock equivalents - - - -
----- ----- ----- -----
9,322 9,335 9,331 9,332
===== ===== ===== =====
Net income per share $ .14 $ .01 $ .40 $ .21
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