Quarterly Financial Data (Unaudited)

12 Months Ended

Oct. 03, 2020

QUARTERLY FINANCIAL DATA (UNAUDITED)



			in millions, except per share data
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2020
Sales	$	10,815	$	10,888	$	10,022	$	11,460
Gross profit	1,440		1,021		1,313		1,610
Operating income	826		501		775		1,012
Net income	561		367		527		695
Net income attributable to Tyson	557		364		527		692

Net income per share attributable to Tyson:
Class A Basic	$	1.56	$	1.03	$	1.48	$	1.95
Class B Basic	$	1.40	$	0.92	$	1.33	$	1.76
Diluted	$	1.52	$	1.00	$	1.44	$	1.90
2019
Sales	$	10,193	$	10,443	$	10,885	$	10,884
Gross profit	1,355		1,192		1,336		1,139
Operating income	807		635		781		604
Net income	552		430		681		372
Net income attributable to Tyson	551		426		676		369

Net income per share attributable to Tyson:
Class A Basic	$	1.54	$	1.20	$	1.90	$	1.03
Class B Basic	$	1.39	$	1.07	$	1.71	$	0.93
Diluted	$	1.50	$	1.17	$	1.84	$	1.01

First quarter fiscal 2020 net income included $52 million pretax restructuring and related charges and $16 million pretax Beef production facility fire costs, net of insurance proceeds.

Second quarter fiscal 2020 net income included $110 million pretax gain from pension plan terminations.

Third quarter fiscal 2020 net income included $15 million pretax Beef production facility fire insurance proceeds, net of costs and $6 million pretax gain from pension plan terminations.

Fourth quarter fiscal 2020 net income included $23 million pretax restructuring and related charges and $65 million pretax income related to our accounting cycle resulting in a 53-week year in fiscal 2020.

First quarter fiscal 2019 net income included $26 million pretax Keystone Foods purchase accounting and acquisition related costs, which included an $11 million purchase accounting adjustment for the amortization of the fair value step-up of inventory and $15 million of acquisition related costs, and $8 million pretax restructuring and related charges.

Second quarter fiscal 2019 net income included $11 million pretax Keystone Foods acquisition related costs and $8 million pretax restructuring and related charges.

Third quarter fiscal 2019 net income included $105 million post tax recognition of previously unrecognized tax benefit, $55 million pretax gain on sale of an investment and $15 million pretax restructuring and related charges.

Fourth quarter fiscal 2019 net income included $31 million pretax Beef production facility fire costs, a $41 million pretax impairment charge related to the divestiture of a business, $15 million pretax pension plan termination charge and $10 million pretax restructuring and related charges.