Form: 10-Q

Quarterly report pursuant to Section 13 or 15(d)

July 16, 2001

Published on July 16, 2001


EXHIBIT 11
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CONSTELLATION BRANDS, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER COMMON SHARE
(in thousands, except per share data)


For the Three Months Ended May 31,
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2001 2000
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Basic Diluted Basic Diluted
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Income applicable to common shares $23,843 $23,843 $17,902 $17,902
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Shares:
Weighted average common shares
outstanding 41,254 41,254 36,460 36,460
Adjustments:
Stock options - 1,272 - 736
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Adjusted weighted average common
shares outstanding 41,254 42,526 36,460 37,196
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Earnings per common share $ 0.58 $ 0.56 $ 0.49 $ 0.48
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