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 months ended November 30, 2000 and 1999.
Three months ended November 30, 2000
22,420,375 x shares outstanding for 91 days 2,040,254,125
Divided by number of days in the period 91
_____________
22,420,375
Three months ended November 30, 1999
22,420,375 x shares outstanding for 91 days 2,040,254,125
Divided by number of days in the period 91
_____________
22,420,375