1 Exhibit 11 Dean Foods Company Computation of Basic and Diluted Earnings Per Share (In Millions, Except for Per Share Amounts) Three Months Ended ---------------------- August 27, August 29, 2000 1999 --------- --------- Net Income $ 26.4 $ 27.8 ====== ====== EARNINGS PER SHARE: Basic $ .74 $ .71 ====== ====== Diluted $ .74 $ .70 ====== ====== Weighted average common shares outstanding 35.5 39.3 Net additional shares issuable in connection with stock options .3 .6 ------ ------ Adjusted weighted average common shares 35.8 39.9 ====== ====== 12