EXHIBIT 11
TYSON FOODS, INC.
Computation of Earnings Per Share
(In Thousands Except Per Share Data)
Quarter Ended
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January 1, January 2,
1994 1993
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Primary:
Average common shares outstanding
during the period 147,503 147,123
Net effect of dilutive stock
options based on the treasury
stock method using average
market price 1,077 1,244
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Total common and common equivalent
shares outstanding 148,580 148,367
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Net income $44,379 $39,396
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Earnings per share $0.30 $0.27
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Fully Diluted:
Average common shares outstanding
during the period 147,503 147,123
Net effect of dilutive stock
options based on the treasury
stock method using the quarter-
end market price, if higher
than average market price 1,149 1,308
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Total common and common equivalent
shares outstanding 148,652 148,431
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Net income $44,379 $39,396
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Earnings per share $0.30 $0.27
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