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Exhibit 11.1
THE JEAN COUTU GROUP (PJC) INC.
STATEMENT OF RE COMPUTATION OF PER SHARE EARNINGS
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3 MONTHS 13 WEEKS
PERIOD ENDED PERIOD ENDED
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AUGUST 31 AUGUST 28
2002 2003 2004 2003 2004
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CANADIAN GAAP
Net income $ 86,874 $ 104,784 $ 132,683 $ 31,538 $ 22,302
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Weighted average number of shares used
to compute basic earnings per share 225,175,874 226,052,767 226,812,864 226,593,001 238,313,629
Dilution effect 2,091,616 1,637,382 1,204,894 1,255,101 1,176,680
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Weighted average number of shares used
to compute diluted earnings per share 227,267,490 227,690,149 228,017,758 227,848,102 239,490,309
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Net income per share:
Basic $ 0.39 $ 0.46 $ 0.58 $ 0.14 $ 0.09
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Diluted $ 0.38 $ 0.46 $ 0.58 $ 0.14 $ 0.09
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U.S. GAAP
Net income $ 86,060 $ 102,251 $ 131,243 $ 31,206 $ 23,387
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Weighted average number of shares used
to compute basic earnings per share 225,175,874 226,052,767 226,812,864 226,593,001 238,313,629
Dilution effect 2,091,616 1,637,382 1,204,894 1,255,101 1,176,680
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Weighted average number of shares used
to compute diluted earnings per share 227,267,490 227,690,149 228,017,758 227,848,102 239,490,309
==================================================================================
Net income per share:
Basic $ 0.38 $ 0.45 $ 0.58 $ 0.14 $ 0.09
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Diluted $ 0.38 $ 0.45 $ 0.58 $ 0.14 $ 0.09
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