1 GENESCO INC. EXHIBIT 11 AND CONSOLIDATED SUBSIDIARIES Earnings Per Common and Common Share Equivalent Three Months Ended - ------------------------------------------------------------------------------------------------------------------- MAY 3, 1997 MAY 4, 1996 --------------------- ---------------------- IN THOUSANDS EARNINGS SHARES EARNINGS SHARES - ------------------------------------------------------------------------------------------------------------------- PRIMARY EARNINGS PER SHARE Net earnings $2,182 $966 Preferred dividend requirements $ 75 $ 75 - ------------------------------------------------------------------------------------------------------------------- Net earnings applicable to common stock and average common shares outstanding $2,107 24,915 $891 24,410 Employees preferred and stock options deemed to be a common stock equivalent 1,517 642 - ------------------------------------------------------------------------------------------------------------------- Total net earnings $2,107 26,432 $891 25,052 PER SHARE $ .08 $.04 =================================================================================================================== FULLY DILUTED EARNINGS PER SHARE Net earnings applicable to common stock and average common shares outstanding $2,107 26,432 $891 25,052 Senior securities the conversion of which would dilute earnings per share 120 141 - ------------------------------------------------------------------------------------------------------------------- TOTAL NET EARNINGS $2,107 26,552 $891 25,193 PER SHARE $ .08 $.04 =================================================================================================================== All figures in thousands except amount per share.