EXHIBIT 11
TYSON FOODS, INC.
Computation of Earnings (Loss) Per Share
(In Thousands Except Per Share Data)
Quarter Ended
------------------------
July 2, July 3,
1994 1993
------------------------
Primary:
Average common shares outstanding
during the period 147,683 147,247
Net effect of dilutive stock
options based on the treasury
stock method using average
market price 832 1,286
------- -------
Total common and common equivalent
shares outstanding 148,515 148,533
Less Antidilutive shares 832
------- -------
Adjusted shares 147,683 148,533
======= =======
Net income (loss) ($148,401) $53,711
======== =======
Earnings (loss) per share ($1.00) $0.36
===== =====
Fully Diluted:
Average common shares outstanding
during the period 147,683 147,247
Net effect of dilutive stock
options based on the treasury
stock method using the quarter-
end market price, if higher
than average market price 1,004 1,286
------- -------
Total common and common equivalent
shares outstanding 148,687 148,533
Less Antidilutive shares 1,004
------- -------
Adjusted shares 147,683 148,533
======= =======
Net income (loss) ($148,401) $53,711
======== =======
Earnings (loss) per share ($1.00) $0.36
===== =====
21
EXHIBIT 11
TYSON FOODS, INC.
Computation of Earnings (Loss) Per Share
(In Thousands Except Per Share Data)
Nine Months Ended
------------------------
July 2, July 3,
1994 1993
------------------------
Primary:
Average common shares outstanding
during the period 147,594 147,105
Net effect of dilutive stock
options based on the treasury
stock method using average
market price 798 1,286
------- -------
Total common and common equivalent
shares outstanding 148,392 148,391
Less Antidilutive shares 798
------- -------
Adjusted shares 147,594 148,391
======= =======
Net income (loss) ($60,901) $139,195
======= ========
Earnings (loss) per share ($.41) $0.94
===== =====
Fully Diluted:
Average common shares outstanding
during the period 147,594 147,105
Net effect of dilutive stock
options based on the treasury
stock method using the quarter-
end market price, if higher
than average market price 964 1,286
------- -------
Total common and common equivalent
shares outstanding 148,558 148,391
Less Antidilutive shares 964
------- -------
Adjusted shares 147,594 148,391
======= =======
Net income (loss) ($60,901) $139,195
======= ========
Earnings (loss) per share ($.41) $0.94
===== =====
22