1 Exhibit 11 MONRO MUFFLER BRAKE, INC. STATEMENT OF COMPUTATION OF PER SHARE EARNINGS (UNAUDITED) Earnings per share for each period was computed by dividing net income for such period by the weighted average number of shares of Common Stock and common stock equivalents outstanding during such period. All share data has been restated to reflect the 5% stock dividend payable August 5, 1996. (See Note 1). QUARTER ENDED JUNE 30, -------- 1996 1995 ---- ---- (DOLLARS IN THOUSANDS, EXCEPT PER SHARE DATA) EARNINGS Net income ............................... $3,379 $2,075 ====== ====== SHARES Weighted average number of common shares . 7,305 7,201 Assuming conversion of Class C Convertible Preferred Stock ........................ 576 576 Dilutive effect of outstanding options ... 252 313 ------ ------ Weighted average number of common and common equivalent shares ............... 8,133 8,090 ====== ====== EARNINGS PER SHARE ....................... $ .42 $ .26 ====== ====== - 15 -