1 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 $ -- $ --