EXHIBIT 11.1
BEST BUY CO., INC.
COMPUTATION OF NET EARNINGS PER COMMON SHARE
(Amounts in 000, except per share amounts)
(Unaudited)
Three Months Ended Six Months Ended
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August 30, August 31, August 30, August 31,
1997 1996 1997 1996
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Earnings:
Net earnings available to
Common shares $6,648 $3,788 $4,009 $4,197
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Shares:
Weighted average common shares
outstanding 43,808 43,179 43,684 43,074
Adjustments:
Assumed issuance of shares
purchased under stock option
plans 550 635 460 634
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Total common equivalent shares 44,358 43,814 44,144 43,708
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Net earnings per common share $ .15 $ .09 $ .09 $ .10
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Note: The computation of earnings per common share assuming full dilution results in anti-dilution.