EXHIBIT 11
VF CORPORATION
COMPUTATION OF EARNINGS PER SHARE
(IN THOUSANDS, EXCEPT PER SHARE DATA)
THREE MONTHS ENDED SIX MONTHS ENDED
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JULY 2 JULY 3 JULY 2 JULY 3
1994 1993 1994 1993
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PRIMARY EARNINGS PER SHARE
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Net income $58,916 $55,731 $111,814 $108,460
Less preferred stock dividends 785 780 1,568 1,556
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Net income available to
common stockholders $58,131 $54,951 $110,246 $106,904
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Average number of common
shares outstanding 64,645 64,327 64,589 63,586
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Primary earnings per share $0.90 $0.85 $1.71 $1.68
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FULLY DILUTED EARNINGS PER SHARE
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Net income $58,916 $55,731 $111,814 $108,460
Increased ESOP contribution
required if preferred stock
were converted to common 379 397 758 793
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Fully diluted earnings $58,537 $55,334 $111,056 $107,667
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Average number of common
shares outstanding 64,645 64,327 64,589 63,586
Additional common equivalent
shares resulting from:
Conversion of preferred stock 1,627 1,650 1,630 1,652
Dilutive effect of stock options 321 381 334 419
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Average number of common and
common equivalent shares 66,593 66,358 66,553 65,657
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Fully diluted earnings per share $0.88 $0.83 $1.67 $1.64
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