Published on October 15, 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 Six Months Ended August 31,
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2001 2000
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Basic Diluted Basic Diluted
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Income applicable to common shares $59,777 $59,777 $44,012 $44,012
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Shares:
Weighted average common shares
outstanding 41,834 41,834 36,530 36,530
Adjustments:
Stock options - 1,292 - 713
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Adjusted weighted average common
shares outstanding 41,834 43,126 36,530 37,243
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Earnings per common share $ 1.43 $ 1.39 $ 1.20 $ 1.18
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For the Three Months Ended August 31,
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2001 2000
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Basic Diluted Basic Diluted
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Income applicable to common shares $35,934 $35,934 $26,110 $26,110
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Shares:
Weighted average common shares
outstanding 42,414 42,414 36,600 36,600
Adjustments:
Stock options - 1,518 - 728
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Adjusted weighted average common
shares outstanding 42,414 43,932 37,328 37,328
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Earnings per common share $ 0.85 $ 0.82 $ 0.71 $ 0.70
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