SMITHFIELD FOODS, INC.
EXHIBIT 11
COMPUTATION OF NET INCOME PER SHARE
Net income per share and the number of shares used in the computation of net
income per share were computed as follows (in thousands, except per share
data):
13 Weeks 13 Weeks 39 Weeks 39 Weeks
Ended Ended Ended Ended
Jan. 30,1994 Jan. 31,1993 Jan. 30,1994 Jan. 31, 1993
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Weighted average shares:
Outstanding 16,275 16,188 16,275 15,701
Incremental shares for outstanding
stock options 488 584 466 563
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Shares for computation 16,763 16,772 16,741 16,264
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Net income $ 11,749 $ 508 $ 12,303 $ 3,453
Dividends accumulated for
Series B preferred stock (169) (193) (506) (193)
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Net income available for
common stockholders $ 11,580 $ 315 $ 11,797 $ 3,260
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Net income per share $ .69 $ .02 $ .70 $ .20
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