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EXHIBIT 11
DAIRY MART CONVENIENCE STORES, INC. AND SUBSIDIARIES
STATEMENT OF COMPUTATIONS OF PER-SHARE EARNINGS
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
CALCULATION OF EARNINGS PER SHARE
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FOR THE THIRD FISCAL FOR THE THREE FISCAL
QUARTER ENDED QUARTERS ENDED
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OCTOBER 28, OCTOBER 30, OCTOBER 28, OCTOBER 30,
2000 1999 2000 1999
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<S> <C> <C> <C> <C>
Net income ........................................ $ (4,148) $ 511 $ (6,939) $ 1,780
Weighted average shares............................ 4,980 4,866 4,931 4,861
Dilutive options................................ 373 134 200 85
--------- --------- ---------- ---------
Total shares for EPS purposes...................... 5,353 5,000 5,131 4,946
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Earnings (loss) per share - Basic.................. $ (0.83) $ 0.11 $ (1.41) $ 0.37
Earnings (loss) per share - Diluted................ $ (0.83) $ 0.10 $ (1.41) $ 0.36
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