
<TABLE>
                                                     EXHIBIT 11
                                    CANANDAIGUA WINE COMPANY, INC. AND SUBSIDIARIES
                             COMPUTATION OF NET INCOME PER COMMON AND COMMON EQUIVALENT SHARE
                                        (in thousands, except per share data)
                                                     (unaudited)
<CAPTION>
                                                                  For the Six Months Ended August 31,
                                                                  -----------------------------------
                                                                  1996                           1995
                                                                  ----                           ----
                                                                        Fully                         Fully
Net income per common and common equivalent share:         Primary      Diluted          Primary      Diluted
                                                           -------      -------          -------      -------
<S>                                                      <C>          <C>              <C>          <C>
Net income available to common and common equivalent
 shares                                                  $  13,442    $  13,442        $  20,700    $  20,700
Adjustments                                                   -            -                -            -
Net income available to common and common equivalent       -------      -------          -------      -------
 shares                                                  $  13,442    $  13,442        $  20,700    $  20,700
                                                           =======      =======          =======      =======

Shares:                 
Weighted average common shares outstanding                  19,553       19,553           19,550       19,550
Adjustments:
(1) Assumed exercise of incentive stock options                204          204              285          313
(2) Assumed exercise of stock options                           38           38              168          218
Weighted average common and common equivalent shares       -------      -------          -------      -------
 outstanding                                                19,795       19,795           20,003       20,081
                                                           =======      =======          =======      =======
Net income per common and common equivalent share        $     .68    $     .68        $    1.03    $    1.03
                                                           =======      =======          =======      =======

<CAPTION>
                                                                  For the Three Months Ended August 31,
                                                                  -------------------------------------
                                                                  1996                           1995
                                                                  ----                           ----
                                                                        Fully                         Fully
Net income per common and common equivalent share:         Primary      Diluted          Primary      Diluted
                                                           -------      -------          -------      -------
<S>                                                      <C>          <C>              <C>          <C>
Net income available to common and common equivalent     
 shares                                                  $   4,941    $   4,941        $  10,063    $  10,063
Adjustments                                                   -            -                -            -
Net income available to common and common equivalent       -------      -------          -------      -------
 shares                                                  $   4,941    $   4,941        $  10,063    $  10,063
                                                           =======      =======          =======      =======
Shares:
Weighted average common shares outstanding                  19,477       19,477           19,567       19,567
Adjustments:
(1) Assumed exercise of incentive stock options                152          152              291          311
(2) Assumed exercise of stock options                           24           24              182          218
Weighted average common and common equivalent shares       -------      -------          -------      -------
 outstanding                                                19,653       19,653           20,040       20,096
                                                           =======      =======          =======      =======
Net income per common and common equivalent share        $     .25    $     .25        $     .50    $     .50
                                                           =======      =======          =======      =======
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