Exhibit 11
BJ'S WHOLESALE CLUB, INC. AND CONSOLIDATED SUBSIDIARIES
COMPUTATION OF NET INCOME PER COMMON SHARE
(Unaudited)
Thirteen Weeks Thirty-Nine Weeks
Ended Ended
October 25, October 25,
1997 1997
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Net income as reported $13,818,000 $35,830,000
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Net income used for primary and
fully diluted computations $13,818,000 $35,830,000
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Weighted average number of
common shares outstanding 37,466,652 37,478,842
Add (where dilutive):
Assumed exercise of those options
that are common stock equivalents
net of treasury shares deemed to have
been repurchased 522,812 174,271
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Weighted average number of common and
common equivalent shares outstanding,
used for primary computation 37,989,464 37,653,113
Add (where dilutive):
Shares applicable to stock options in
addition to those used in primary compu-
tation due to the use of period-end
market price when higher than average
price 13,288 4,429
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Adjusted shares outstanding used for
fully diluted computation 38,002,752 37,657,542
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In accordance with SEC rules, historical earnings per share for periods prior
to the public issuance of common stock are not presented.