Exhibit 11.0 - ------------ BAB HOLDINGS, INC. COMPUTATION OF EARNINGS PER SHARE 3 MONTHS ENDED AUG 31, 1997 VERSUS 3 MONTHS ENDED AUG 31, 1996 9 MONTHS ENDED AUG 31, 1997 VERSUS 9 MONTHS ENDED AUG 31, 1996 3 Months 3 Months 9 Months 9 Months 8/31/97 8/31/96 8/31/97 8/31/96 -------- -------- --------- -------- PRIMARY EPS Net income(loss) $(528,411) 148,443 $(354,426) $292,087 Less: Preferred dividend accumulated (374,862) - (597,577) - -------- ------- -------- -------- Net income (loss) attributable to common shareholders $(903,273) $148,443 $(952,003) $292,087 ======== ======= ======== ======== Weighted average shares outstanding 7,601,288 7,245,405 7,330,246 7,250,672 ========= ========= ========= ========= Net income (loss) per common share $ (0.1188) $ 0.0205 $ (0.1299) $ 0.0403 ========= ========= ========= ========= FULLY DILUTED EPS Net income(loss) $(528,411) $148,443 $ (354,426) $ 292,087 Less: Preferred dividend accumulated (374,862) - (597,577) - --------- -------- --------- --------- Net income (loss) attributable to common shareholders $(903,273) $148,443 $(952,003) $ 292,087 ========= ======== ========= ========= Weighted average shares outstanding 7,601,288 7,648,941 7,330,246 7,337,226 ========= ========= ========= ========= Net income (loss) per common share $(0.1188) $ 0.0194 $(0.1299) $ 0.0398 ========= ========= ========= =========