EXHIBIT 11
TYSON FOODS, INC.
COMPUTATION OF EARNINGS PER SHARE
(In millions except per share data)
Quarter Ended
---------------------------
June 29, July 1,
1996 1995
---------------------------
Primary:
Average common shares outstanding
during the period 144.9 144.7
Net effect of dilutive stock
options based on the treasury
stock method using average
market price .4 .4
----- -----
Total common and common equivalent
shares outstanding 145.3 145.1
===== =====
Net income $14.6 $57.7
===== =====
Earnings per share $0.10 $0.40
===== =====
Fully Diluted:
Average common shares outstanding
during the period 144.9 144.7
Net effect of dilutive stock
options based on the treasury
stock method using the quarter-
end market price, if higher
than average market price .8 .4
----- -----
Total common and common equivalent
shares outstanding 145.7 145.1
===== =====
Net income $14.6 $57.7
===== =====
Earnings per share $0.10 $0.40
===== =====
58
EXHIBIT 11
TYSON FOODS, INC.
COMPUTATION OF EARNINGS PER SHARE
(In millions except per share data)
Nine Months Ended
---------------------------
June 29, July 1,
1996 1995
---------------------------
Primary:
Average common shares outstanding
during the period 144.9 144.4
Net effect of dilutive stock
options based on the treasury
stock method using average
market price .4 .3
----- -----
Total common and common equivalent
shares outstanding 145.3 144.7
===== ======
Net income $72.3 $160.4
===== ======
Earnings per share $0.50 $1.11
===== =====
Fully Diluted:
Average common shares outstanding
during the period 144.9 144.4
Net effect of dilutive stock
options based on the treasury
stock method using the quarter-
end market price, if higher
than average market price .7 .3
----- -----
Total common and common equivalent
shares outstanding 145.6 144.7
===== ======
Net income $72.3 $160.4
===== ======
Earnings per share $0.50 $1.11
===== =====
59