EXHIBIT 11






RUDDICK CORPORATION
STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS

<TABLE>
<CAPTION>
                                                                        
                                                                       
                                                                                  FISCAL YEAR ENDED              
                                                                                                                  
                                                                         SEPTEMBER 27,         SEPTEMBER 28      
                                                                             1998                  1997           
                                                                        --------------        -------------      
<S>                                                                  <C>                  <C>                
NET INCOME PER SHARE COMPUTED AS FOLLOWS:                                                                   
BASIC:                                                                                                      
  1.  Net Income available to common shareholders                    $      46,771,696     $     47,730,519    
                                                                        ==============        =============    
                                                                                                               
  2.  Weighted Average Common Shares Outstanding -                                                             
        Basic                                                              46,667,416           46,542,505     
                                                                                                               
  3.  Basic net income per share (Item 1 divided by                                                            
        Item 2)                                                      $           1.00      $          1.02     
                                                                        ==============        =============    
                                                                                                               
DILUTED:                                                                                                       
  1.  Net Income available to common shareholders                    $      46,771,696     $     47,730,519    
                                                                        ==============        =============    
                                                                                                               
  2.  Weighted Average Common Shares Outstanding -                                                             
        Basic                                                               46,667,416           46,542,505    
                                                                                                               
  3. Weighted potential shares under stock options                                                             
          for the periods using the Treasury Stock                                                             
          Method.                                                              297,007              282,964    
                                                                                                               
  4.  Weighted Average Common Shares Outstanding -                                                             
        Diluted   Common Equivalent Shares Outstanding                                                 
                                                                        ==============        =============    
                                                                            46,964,423           46,825,469    
                                                                        ==============        =============    
                                                                                                               
  5.  Net Income Per Share (Item 1 divided by Item                                                             
        4)                                                            $           1.00      $          1.02    
                                                                        ==============        =============    
</TABLE>