1

                                                                      Exhibit 11




             STATEMENT REGARDING COMPUTATION OF EARNINGS PER SHARE

                             DYERSBURG CORPORATION




                                                                  Fiscal Year Ended                 
                                                  -------------------------------------------------
                                                  September 28,      September 30        October 1,
                                                     1996               1995                1994    
                                                  -------------------------------------------------
                                                        (in thousands, except per share data)
                                                                                  
PRIMARY
Average shares outstanding                          13,643               14,196             14,010       
                                                   ===============================================       
Income before extraordinary item                   $ 8,400              $ 6,560            $10,348       
Extraordinary item                                     ---                  ---                ---       
                                                   -----------------------------------------------       
Net income                                         $ 8,400              $ 6,560            $10,348       
                                                   ===============================================       
                                                                                                         
                                                                                                         
PER SHARE AMOUNTS:                                                                                       
Income before extraordinary item                   $  0.62              $  0.46            $  0.74       
Extraordinary item                                     ---                  ---                ---       
                                                   -----------------------------------------------       
Net income                                         $  0.62              $  0.46            $  0.74       
                                                   ===============================================       
                                                                                                         
                                                                                                         
FULLY DILUTED:                                                                                           
Average shares outstanding                          13,794               14,196             14.010       
                                                   ===============================================       
Income before extraordinary item                   $ 8,400              $ 6,560            $10,348       
Extraordinary item                                     ---                  ---                ---       
                                                   -----------------------------------------------       
Net income                                         $ 8,400              $ 6,560            $10,348       
                                                   ===============================================       
                                                                                                         
                                                                                                         
PER SHARE AMOUNTS:                                                                                       
Income before extraordinary item                   $  0.61              $  0.46            $  0.74       
Extraordinary item                                     ---                  ---                ---       
                                                   -----------------------------------------------       
Net income                                         $  0.61              $  0.46            $  0.74       
                                                   ===============================================