Exhibit 11
VF CORPORATION
COMPUTATION OF EARNINGS PER SHARE
(IN THOUSANDS, EXCEPT PER SHARE DATA)
THREE MONTHS ENDED NINE MONTHS ENDED
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OCTOBER 1 OCTOBER 2 OCTOBER 1 OCTOBER 2
1994 1993 1994 1993
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PRIMARY EARNINGS PER SHARE
Net income $87,804 $76,815 $199,618 $185,275
Less preferred stock dividends 849 775 2,548 2,331
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Net income available to common stockholders $86,955 $76,040 $197,070 $182,944
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Average number of common shares outstanding 64,707 64,412 64,628 63,861
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Primary earnings per share $1.34 $1.18 $3.05 $2.86
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FULLY DILUTED EARNINGS PER SHARE
Net income $87,804 $76,815 $199,618 $185,275
Increased ESOP contribution required if preferred
stock were converted to common 384 398 1,147 1,181
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Fully diluted earnings $87,420 $76,417 $198,471 $184,094
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Average number of common shares outstanding 64,707 64,412 64,628 63,861
Additional common equivalent shares resulting from:
Conversion of preferred stock 1,620 1,646 1,627 1,650
Dilutive effect of stock options 371 305 358 383
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Average number of common and common equivalent shares 66,698 66,363 66,613 65,894
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Fully diluted earnings per share $1.31 $1.15 $2.98 $2.79
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