<PAGE> 1
MONRO MUFFLER BRAKE, INC. & SUBSIDIARY EXHIBIT 11.01
COMPUTATION OF PER SHARE EARNINGS
--------------------------------------------------------------------------------
Net income per share was computed by dividing net income by the weighted average
number of common and common equivalent shares outstanding.
YEAR ENDED MARCH 31,
2000 1999 1998
------- -------- -------
(DOLLARS IN THOUSANDS,
EXCEPT PER SHARE DATA)
DILUTED
EARNINGS
Net income available to
common shares $ 8,207 $ 4,746 $ 9,854
======= ======= =======
SHARES
Weighted average number of
common shares 8,322 8,317 8,256
Treasury stock (17)
Assuming conversion of Class
C Convertible Preferred
Stock 636 636 636
Dilutive effect of
outstanding options 23 44 124
------- ------- -------
Total common and common
equivalent shares 8,964 8,997 9,016
======= ======= =======
DILUTED EARNINGS PER SHARE $ .92 $ .53 $ 1.09
======= ======= =======
BASIC
EARNINGS
Net income available to
common shares $ 8,207 $ 4,746 $ 9,854
======= ======= =======
SHARES
Weighted average number of
common shares 8,305 8,317 8,256
======= ======= =======
BASIC EARNINGS PER SHARE $ .99 $ .57 $ 1.19
======= ======= =======