1 EXHIBIT # 11 2 SYSCO CORPORATION AND SUBSIDIARIES STATEMENT RE COMPUTATION OF PER SHARE EARNINGS EXHIBIT 11 July 1, 1995 June 29, 1996 June 28, 1997 ------------ ------------- ------------- Calculation of Primary Earnings Per Share: - ----------------------------------------- Net earnings applicable to common stock $251,824,000 $276,905,000 $302,533,000 ============ ============ ============ Average number of common shares and common stock equivalents outstanding 182,779,806 182,598,897 177,235,085 Dilutive effect of stock options (1) -- -- -- ------------ ------------ ------------ 182,779,806 182,598,897 177,235,085 ============ ============ ============ Primary earnings per share $ 1.38 $ 1.52 $ 1.71 ============ ============ ============ Calculation of Fully Diluted Earnings Per Share: - ----------------------------------------------- Net earnings applicable to common stock $251,824,000 $276,905,000 $302,533,000 ============ ============ ============ Average number of shares outstanding on a fully diluted basis -- same as for calculation of primary earnings per share 182,779,806 182,598,897 177,235,085 Dilutive effect of stock options and Liquid Yield Option Notes (2) -- -- -- ------------ ------------ ------------ 182,779,806 182,598,897 177,235,085 ============ ============ ============ Fully diluted earnings per share $ 1.38 $ 1.52 $ 1.71 ============ ============ ============ (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%.