Exhibit 11
COMPUTATION OF PER SHARE EARINGS
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 nine months ended May 31, 2000 and 1999.
Three months ended May 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
Nine months ended May 31, 2000:
22,420,375 x shares outstanding for 274 days 6,143,182,750
Divided by number of days in the period 274
_____________
22,420,375
Three months ended May 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
Nine months ended May 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 151 days 3,385,476,625
_____________
6,191,551,553
Divided by number of days in the period 273
_____________
22,679,676
