Exhibit 11
COMPUTATION OF PER SHARE EARNINGS
The following is a computation of the weighted average number of shares
outstanding which is used in the computation of per share earnings for Luby's,
Inc. for the three and twelve months ended August 31, 2000 and 1999.
Three months ended August 31, 2000
22,420,375 x shares outstanding for 92 days 2,062,674,500
Divided by number of days in the period 92
_____________
22,420,375
Twelve months ended August 31, 2000
22,420,375 x shares outstanding for 366 days 8,205,857,250
Divided by number of days in the period 366
_____________
22,420,375
Three months ended August 31, 1999
22,420,375 x shares outstanding for 92 days 2,062,674,500
Divided by number of days in the period 92
_____________
22,420,375
Twelve months ended August 31, 1999
23,270,675 x shares outstanding for 52 days 1,210,075,100
23,163,097 x shares outstanding for 9 days 208,467,873
22,870,798 x shares outstanding for 30 days 686,123,940
22,626,065 x shares outstanding for 31 days 701,408,015
22,420,375 x shares outstanding for 243 days 5,448,151,125
_____________
8,254,226,053
Divided by number of days in the period 365
_____________
22,614,318
