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                                  EXHIBIT 11.1



                           D.I.Y. HOME WAREHOUSE INC.


                                    FORM 10-Q
                    COMPUTATION OF EARNINGS PER COMMON SHARE
                                   (Unaudited)




                                                        Three Months Ended           
                                                       March 30,    April 1,                              
                                                          1996        1995                             
                                                      ----------    --------
                                                                             
                                                                                               
Income applicable to common shares                    $(108,791)    $503,251                            
                                                      =========    =========                           
                                                                                                       
Weighted average common shares                                                                         
   outstanding for the period                         7,625,000    7,625,000                           
Dilutive effect of exercise of stock                                                                   
   options                                                 --           --                             
                                                      ---------    ---------                           
                                                                                                       
Weighted average common shares, assuming                                                               
   issuance of the above securities                   7,625,000    7,625,000                           
                                                      =========    =========                           
                                                                                                       
Earnings per common share:                                                                             
                                                                                                       
         Primary                                         $(0.01)      $ 0.07                           
                                                                                                       
         Fully diluted                                   $ --         $ --