EXHIBIT 11
CENTRAL GARDEN & PET COMPANY
COMPUTATION OF EARNINGS PER COMMON SHARE
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
FISCAL YEAR FISCAL YEAR NINE-MONTH
ENDED ENDED PERIOD ENDED
SEPTEMBER 27, SEPTEMBER 28, SEPTEMBER 30,
1997 1996 1995
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FULLY DILUTED EARNINGS PER SHARE
Net Income $17,603 $ 8,448 $ 1,079
Stock Dividend payment (45) (45) --
Interest charges on convertible
notes - net of tax 3,730 -- --
------- -------- --------
Total $21,288 $ 8,403 $ 1,079
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Fully diluted shares
Common and Common equivalent
shares outstanding 16,405 11,904 6,050
Convertible notes - dilutive 3,565 --
------- -------- --------
Total 19,970 11,904 6,050
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Fully diluted earnings per share $ 1.07 $ 0.71 $ 0.18
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PRIMARY EARNINGS PER SHARE
Net Income $ 17,603 $ 8,448 $ 1,079
Stock Dividend payment (45) (45) --
------- -------- --------
Total $ 17,558 $ 8,403 $ 1,079
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Primary shares
Common and Common equivalent
shares outstanding 16,293 11,702 5,943
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Primary earnings per share $ 1.08 $ 0.72 $ 0.18
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