QUARTERLY FINANCIAL DATA (UNAUDITED)



			in millions, except per share data
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2017
Sales	$	9,182	$	9,083	$	9,850	$	10,145
Gross profit	1,483		1,047		1,202		1,351
Operating income	982		571		697		681
Net income	594		341		448		395
Net income attributable to Tyson	593		340		447		394

Net income per share attributable to Tyson:
Class A Basic	$	1.64	$	0.95	$	1.24	$	1.10
Class B Basic	$	1.49	$	0.86	$	1.12	$	0.98
Diluted	$	1.59	$	0.92	$	1.21	$	1.07
2016
Sales	$	9,152	$	9,170	$	9,403	$	9,156
Gross profit	1,201		1,183		1,224		1,089
Operating income	776		704		767		586
Net income	461		434		485		392
Net income attributable to Tyson	461		432		484		391

Net income per share attributable to Tyson:
Class A Basic	$	1.18	$	1.14	$	1.29	$	1.06
Class B Basic	$	1.09	$	1.02	$	1.17	$	0.96
Diluted	$	1.15	$	1.10	$	1.25	$	1.03

Second quarter fiscal 2017 net income included a $52 million pretax impairment charge related to our San Diego Prepared Foods operation.

Third quarter fiscal 2017 net income included $77 million pretax expense from AdvancePierre purchase accounting and acquisition related costs, which included a $24 million purchase accounting adjustment for the amortization of the fair value step-up of inventory related to AdvancePierre, $35 million of acquisition related costs and $18 million of acquisition bridge financing fees.

Third quarter fiscal 2017 net income included a post tax $26 million recognition of tax benefit related to the expected sale of a non-protein business.

Fourth quarter fiscal 2017, net income included $150 million pretax restructuring and related charges, $45 million pretax impairment related to the expected sale of a non-protein business and $26 million pretax expense from AdvancePierre purchase accounting and acquisition related costs, which included $12 million purchase accounting adjustment for the amortization of the fair value step-up of inventory related to AdvancePierre and $14 million of acquisition related costs.

Second quarter fiscal 2016 net income included a post tax $12 million recognition of previously unrecognized tax benefits.

Third quarter fiscal 2016 net income included a post tax $15 million recognition of previously unrecognized tax benefits and audit settlement.

Fourth quarter fiscal 2016 net income included a post tax $26 million recognition of previously unrecognized tax benefits.