1 SYSCO CORPORATION AND SUBSIDIARIES STATEMENT RE COMPUTATION OF PER SHARE EARNINGS EXHIBIT 11 July 2, 1994 July 1, 1995 June 29, 1996 ------------ ------------ ------------- Calculation of Primary Earnings Per Share: - ------------------------------------------ Net earnings applicable to common stock $216,752,000 $251,824,000 $276,905,000 ============ ============ ============ Average number of common shares and common stock equivalents outstanding 184,338,616 182,779,806 182,598,897 Dilutive effect of stock options (1) -- -- -- ------------ ------------ ------------ 184,338,616 182,779,806 182,598,897 ============ ============ ============ Primary earnings per share $ 1.18 $ 1.38 $ 1.52 ============ ============ ============ Calculation of Fully Diluted Earnings Per Share: - ------------------------------------------------ Net earnings applicable to common stock $216,752,000 $251,824,000 $276,905,000 ============ ============ ============ Average number of shares outstanding on a fully diluted basis -- same as for calculation of primary 184,338,616 182,779,806 182,598,897 earnings per share Dilutive effect of stock options and Liquid Yield Option Notes (2) -- -- -- ------------ ------------ ------------ 184,338,616 182,779,806 182,598,897 ============ ============ ============ Fully diluted earnings per share $ 1.18 $ 1.38 $ 1.52 ============ ============ ============ (1) Maximum possible dilutive effect of outstanding options in each year is less than 3%. (2) Maximum possible dilutive effect of outstanding options and Liquid Yield Option Notes during each year is less than 3%.