1 GENESCO INC. EXHIBIT 11 AND CONSOLIDATED SUBSIDIARIES Earnings Per Common and Common Share Equivalent - ----------------------------------------------------------------------------------------------------------------------------------- THREE MONTHS ENDED SIX MONTHS ENDED, ----------------------------------------- ----------------------------------------- AUGUST 2, 1997 AUGUST 3, 1996 AUGUST 2, 1997 AUGUST 3, 1996 --------------------- ------------------ ------------------- -------------------- IN THOUSANDS EARNINGS SHARES EARNINGS SHARES EARNINGS SHARES EARNINGS SHARES - ----------------------------------------------------------------------------------------------------------------------------------- PRIMARY EARNINGS PER SHARE Net earnings $ 4,133 $ 2,073 $ 6,315 $ 3,039 Preferred dividend requirements $ 75 $ 76 $ 150 $ 151 - ----------------------------------------------------------------------------------------------------------------------------------- Net earnings applicable to common stock and average common shares outstanding $ 4,058 25,468 $ 1,997 24,476 $ 6,165 25,192 $ 2,888 24,443 Employees preferred and stock options deemed to be a common stock equivalent 1,681 1,123 1,599 905 - ----------------------------------------------------------------------------------------------------------------------------------- Total net earnings $ 4,058 27,149 $ 1,997 25,599 $ 6,165 26,791 $ 2,888 25,348 PER SHARE $ .15 $ .08 $ .23 $ .11 =================================================================================================================================== FULLY DILUTED EARNINGS PER SHARE Net earnings applicable to common stock and average common shares outstanding $ 4,058 27,149 $ 1,997 25,599 $ 6,165 26,791 $ 2,888 25,348 Senior securities the conversion of which would dilute earnings per share 126 116 123 140 - ----------------------------------------------------------------------------------------------------------------------------------- TOTAL NET EARNINGS $ 4,058 27,275 $ 1,997 25,715 $ 6,165 26,914 $ 2,888 25,488 PER SHARE $ .15 $ .08 $ .23 $ .11 =================================================================================================================================== All figures in thousands except amount per share. 29