EXHIBIT 11
TYSON FOODS, INC.
COMPUTATION OF EARNINGS PER SHARE
(In millions except per share data)
Quarter Ended
---------------------------
March 29, March 30,
1997 1996
---------------------------
Primary:
Average common shares outstanding
during the period 216.9 217.4
Net effect of dilutive stock
options based on the treasury
stock method using average
market price 2.1 .6
----- -----
Total common and common equivalent
shares outstanding 219.0 218.0
===== =====
Net income $48.2 $14.4
===== =====
Earnings per share $0.22 $0.07
===== =====
Fully Diluted:
Average common shares outstanding
during the period 216.9 217.4
Net effect of dilutive stock
options based on the treasury
stock method using the quarter-
end market price, if higher
than average market price 2.1 .6
----- -----
Total common and common equivalent
shares outstanding 219.0 218.0
===== =====
Net income $48.2 $14.4
===== =====
Earnings per share $0.22 $0.07
===== =====
18
EXHIBIT 11
TYSON FOODS, INC.
COMPUTATION OF EARNINGS PER SHARE
(In millions except per share data)
Six Months Ended
---------------------------
March 29, March 30,
1997 1996
---------------------------
Primary:
Average common shares outstanding
during the period 217.2 217.4
Net effect of dilutive stock
options based on the treasury
stock method using average
market price 2.0 .6
----- -----
Total common and common equivalent
shares outstanding 219.2 218.0
===== =====
Net income $92.8 $57.7
===== =====
Earnings per share $0.42 $0.26
===== =====
Fully Diluted:
Average common shares outstanding
during the period 217.2 217.4
Net effect of dilutive stock
options based on the treasury
stock method using the quarter-
end market price, if higher
than average market price 2.3 .6
----- -----
Total common and common equivalent
shares outstanding 219.5 218.0
===== =====
Net income $92.8 $57.7
===== =====
Earnings per share $0.42 $0.26
===== =====
19