EXHIBIT 11
TYSON FOODS, INC.
Computation of Earnings Per Share
(In Thousands Except Per Share Data)
Quarter Ended
------------------------
April 2, April 3,
1994 1993
------------------------
Primary:
Average common shares outstanding
during the period 147,598 147,209
Net effect of dilutive stock
options based on the treasury
stock method using average
market price 946 1,306
------- -------
Total common and common equivalent
shares outstanding 148,544 148,515
======= =======
Net income $43,121 $46,088
======= =======
Earnings per share $0.29 $0.31
===== =====
Fully Diluted:
Average common shares outstanding
during the period 147,598 147,209
Net effect of dilutive stock
options based on the treasury
stock method using the quarter-
end market price, if higher
than average market price 946 1,306
------- -------
Total common and common equivalent
shares outstanding 148,544 148,415
======= =======
Net income $43,121 $46,088
======= =======
Earnings per share $0.29 $0.31
===== =====
20
EXHIBIT 11
TYSON FOODS, INC.
Computation of Earnings Per Share
(In Thousands Except Per Share Data)
Six Months Ended
------------------------
April 2, April 3,
1994 1993
------------------------
Primary:
Average common shares outstanding
during the period 147,550 147,151
Net effect of dilutive stock
options based on the treasury
stock method using average
market price 946 1,306
------- -------
Total common and common equivalent
shares outstanding 148,496 148,457
======= =======
Net income $87,500 $85,484
======= =======
Earnings per share $0.59 $0.58
===== =====
Fully Diluted:
Average common shares outstanding
during the period 147,550 147,151
Net effect of dilutive stock
options based on the treasury
stock method using the quarter-
end market price, if higher
than average market price 946 1,306
------- -------
Total common and common equivalent
shares outstanding 148,496 148,457
======= =======
Net income $87,500 $85,484
======= =======
Earnings per share $0.59 $0.58
===== =====
21