EXHIBIT 11
VF CORPORATION
COMPUTATION OF EARNINGS PER SHARE
(IN THOUSANDS, EXCEPT PER SHARE DATA)
THREE MONTHS ENDED
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APRIL 2 APRIL 3
1994 1993
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PRIMARY EARNINGS PER SHARE
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Net income $ 52,898 $ 52,729
Less preferred stock dividends 783 777
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Net income available to
common stockholders $ 52,115 $ 51,952
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Average number of common
shares outstanding 64,532 62,842
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Primary earnings per share $0.81 $0.83
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FULLY DILUTED EARNINGS PER SHARE
- - --------------------------------
Net income $ 52,898 $ 52,729
Increased ESOP contribution
required if preferred stock
were converted to common 379 396
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Fully diluted earnings $ 52,519 $ 52,333
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Average number of common
shares outstanding 64,532 62,842
Additional common equivalent
shares resulting from:
Conversion of preferred stock 1,634 1,654
Dilutive effect of stock options 347 461
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Average number of common and
common equivalent shares 66,513 64,957
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Fully diluted earnings per share $0.79 $0.81
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