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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 4, 1997. (See Note 1).
QUARTER ENDED
JUNE 30,
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1997 1996
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(DOLLARS IN THOUSANDS,
EXCEPT PER SHARE DATA)
EARNINGS
Net income $3,417 $3,379
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SHARES
Weighted average number of common shares 7,850 7,670
Assuming conversion of Class C Convertible
Preferred Stock 605 605
Dilutive effect of outstanding options 150 265
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Weighted average number of common and
common equivalent shares 8,605 8,540
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EARNINGS PER SHARE $ .40 $ .40
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