QUARTERLY FINANCIAL DATA (UNAUDITED)



			in millions, except per share data
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2018
Sales	$	10,229	$	9,773	$	10,051	$	9,999
Gross profit	1,451		1,020		1,306		1,349
Operating income	927		498		802		828
Net income	1,632		316		542		537
Net income attributable to Tyson	1,631		315		541		537

Net income per share attributable to Tyson:
Class A Basic	$	4.54	$	0.88	$	1.52	$	1.50
Class B Basic	$	4.09	$	0.78	$	1.37	$	1.35
Diluted	$	4.40	$	0.85	$	1.47	$	1.47
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

First quarter fiscal 2018 net income included a $994 million post tax recognition of tax benefit from remeasurement of net deferred tax liabilities at lower enacted tax rates, $4 million pretax impairment charge net of a realized gain related to the divestiture of non-protein businesses and $19 million pretax restructuring and related charges.

Second quarter fiscal 2018 net income included a $9 million post tax recognition of tax benefit from remeasurement of net deferred tax liabilities at lower enacted tax rates, $75 million pretax impairment charge related to the divestiture of non-protein businesses, $109 million one-time cash bonus to frontline employees and $12 million pretax restructuring and related charges.

Third quarter fiscal 2018 net income included $14 million pretax restructuring and related charges.

Fourth quarter fiscal 2018 net income included a $11 million pretax realized gain related to the divestiture of a non-protein business and $14 million pretax restructuring and related charges.

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.