(Exhibit 11) COST PLUS, INC. COMPUTATION OF NET LOSS PER SHARE (IN THOUSANDS EXCEPT PER SHARE AMOUNTS, UNAUDITED) Thirteen Weeks Ended Twenty-Six Weeks Ended -------------------- ---------------------- August 3, July 22, August 3, July 22, 1996 1995 1996 1995 --------- -------- --------- -------- NET LOSS $ (197) $ (920) $ (592) $(1,558) ====== ====== ====== ======= Weighted average shares outstanding during the period: Common Stock 8,067 5,849 7,354 5,849 Add incremental shares from assumed exercise of stock options 444 304 379 304 ------ ------ ------ ------- Weighted average common and common equivalent shares outstanding 8,511 6,153 7,733 6,153 ====== ====== ====== ======= PRIMARY NET LOSS PER SHARE $ (.02) $ (.15) $ (.08) $ (.25) ====== ====== ====== ======= Weighted average shares outstanding during the period: Common Stock 8,067 5,849 7,354 5,849 Add incremental shares from assumed exercise of stock options 444 304 424 304 ------ ------ ------ ------- Weighted average common and common equivalent shares outstanding 8,511 6,153 7,778 6,153 ====== ====== ====== ======= FULLY DILUTED NET LOSS PER SHARE $ (.02) $ (.15) $ (.08) $ (.25) ====== ====== ====== =======