Published on July 15, 1999
EXHIBIT 11
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CANANDAIGUA 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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1999 1998
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Basic Diluted Basic Diluted
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Income applicable to common shares $10,846 $10,846 $13,099 $13,099
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Shares:
Weighted average common shares
outstanding 17,977 17,977 18,748 18,748
Adjustments:
Stock options - 470 - 580
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Adjusted weighted average common
shares outstanding 17,977 18,447 18,748 19,328
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Earnings per common share $ 0.60 $ 0.59 $ 0.70 $ 0.68
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