EXHIBIT 11
CANANDAIGUA WINE COMPANY, INC. AND SUBSIDIARIES
COMPUTATION OF NET INCOME PER COMMON SHARE
FOR THE QUARTERS ENDED FEBRUARY 28, 1994 AND FEBRUARY 28, 1993
February 28, 1994 February 2
Net income per common
equivalent share: Fully Fully
Primary Diluted Primary Dilut
Net income available to
common shares $5,741,233 $5,741,233 $2,951,847 $2,951,8
Adjustments:
Assumed exercise of
convertible debt ----- ----- ----- 651,0
Net income available to
common and common
equivalent shares $5,741,233 $5,741,233 $2,951,847 $3,602,8
Shares:
Weighted average common
shares outstanding 15,948,785 15,948,785 11,638,649 11,638,6
Adjustments:
(1) Assumed exercise of
stock options 180,251 180,251 ----- ---
(2) Assumed exercise of
convertible debt ----- ----- ----- 3,293,0
(3) Assumed exercise of
incentive stock
options 246,360 246,360 140,573 140,5
Total shares 16,375,396 16,375,396 11,779,222 15,072,3
Net income per common share $.35 $.35 $.25 $.24