SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________ FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported) October 21, 1994 Commission File No. 0-7570 ______ Delaware Canandaigua Wine Company, Inc. and its 16-0716709 subsidiaries New York Batavia Wine Cellars, Inc. 16-1222994 Delaware Bisceglia Brothers Wine Co. 94-2248544 California California Products Company 94-0360780 New York Canandaigua West, Inc. 16-1462887 New York Guild Wineries & Distilleries, Inc. 16-1401046 South Carolina Tenner Brothers, Inc. 57-0474561 New York Widmer's Wine Cellars, Inc. 16-1184188 Delaware Barton Incorporated 36-3500366 Delaware Barton Brands, Ltd. 36-3185921 Maryland Barton Beers, Ltd. 36-2855879 Connecticut Barton Brands of California, Inc. 06-1048198 Georgia Barton Brands of Georgia, Inc. 58-1215938 New York Barton Distillers Import Corp. 13-1794441 Delaware Barton Financial Corporation 51-0311795 Wisoncsin Stevens Point Beverage Co. 39-0638900 New York Monarch Wine Company, Limited Partnership 36-3547524 Illinois Barton Management, Inc. 36-3539106 New York Vintners International Company, Inc. 16-1443663 _____________ _______________________________________ __________ (State or other (Exact Name of registrant as specified (I.R.S. incorporation or in its charter) Employer organization) Identification Number) 116 Buffalo Street, Canandaigua, New York 14424 ___________________________________________________________ (Address of Principal Executive Offices) (Zip Code) Registrant's Telephone Number, Including Area Code (716)394-7900 _____________ Former Name, Former Adress and Former Fiscal Year, if Changed Since Last Report /TABLE Item 5. Other events On October 21, 1994 the Registrant announced that it expects its net sales for the fiscal year ended August 31, 1994 ("Fiscal 1994") will be approximately $630 million, compared with net sales of approximately $306 million for the Company's fiscal year ended August 31, 1993 ("Fiscal 1993"), an increase of 106%. This increase resulted from the inclusion of a full year of net sales for Barton Incorporated acquired in June 1993, approximately 10 months of net sales of the Paul Masson, Taylor California Cellars brands and other products acquired in October 1993 and approximately one month of net sales of the Almaden and Inglenook brands and other products acquired in August 1994. The Company also announced that for Fiscal 1994 it expects fully diluted earnings per common share to be in the range of $1.62 to $1.65 per share, exclusive of the impact of a restructuring charge which the Company will take in the fourth quarter of Fiscal 1994, compared with fully diluted earnings of $1.20 per share for Fiscal 1993. The Company estimates that the restructuring charge will reduce after-tax net income by approximately $14.8 million, or $0.91 per share. As previously announced on September 7, 1994 the restructuring charge relates to a plan to restructure the operations of the Company's California wineries, including a consolidation of facilities, centralization of bottling operations and reduction of overhead. The Company anticipates that the restructuring plan will result in cost savings of approximately $3.9 million (partially offset by additional restructuring charges of approximately $2.2 million for pre-tax savings of approximately $1.7 million) for the fiscal year ending August 31, 1995 and approximately $13.3 million of annual pre-tax cost savings beginning in fiscal 1996. The foregoing information pertaining to Fiscal 1994 net sales and earnings per share is based on unaudited financial information and is therefore subject to the completion of the audit of the Company's financial statements and appropriate year end adjustments. The Company expects to announce its Fiscal 1994 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, each Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. CANANDAIGUA WINE COMPANY, INC. Dated: October 21, 1994 By: s/Richard Sands s/Richard Sands Richard Sands, President and Chief Executive Officer SUBSIDIARIES Batavia Wine Cellars, Inc. Dated: October 21, 1994 By: s/Richard Sands Richard Sands, Vice President Bisceglia Brothers Wine Co. Dated: October 21, 1994 By:s/Richard Sands Richard Sands, Vice President Canandaigua West, Inc. Dated: October 21, 1994 By:s/Richard Sands Richard Sands, Vice President California Products Company Dated: October 21, 1994 By:s/Richard Sands Richard Sands, Vice President Guild Wineries & Distilleries, Inc. Dated: October 21, 1994 By:s/Richard Sands Richard Sands, Chairman of the Board Tenner Brothers, Inc. Dated: October 21, 1994 By:s/Richard Sands Richard Sands, Vice President Widmer's Wine Cellars, Inc. Dated: October 21, 1994 By:s/Richard Sands Richard Sands, Vice President Barton Incorporated Dated: October 21, 1994 By:s/Richard Sands Richard Sands, Vice President Barton Brands, Ltd. Dated: October 21, 1994 By:s/Richard Sands Richard Sands, Vice President Barton Beers, Ltd. Dated: October 21, 1994 By:s/Richard Sands Richard Sands, Vice President Barton Brands of California, Inc. Dated: October 21, 1994 By:s/Richard Sands Richard Sands, Vice President Barton Brands of Georgia, Inc. Dated: October 21, 1994 By:s/Richard Sands Richard Sands, Vice President Barton Distillers Import Corp. Dated: October 21, 1994 By:s/Richard Sands Richard Sands, Vice President Barton Financial Corporation Dated: October 21, 1994 By:s/Raymond E. Powers Raymond E. Powers, Vice President Stevens Point Beverage Co. Dated: October 21, 1994 By:s/Richard Sands Richard Sands, Vice President Monarch Wine Company, Limited Partnership Dated: October 21, 1994 By:s/Richard Sands Richard Sands, Vice President Barton Management, Inc., General Partner Barton Management, Inc. Dated: October 21, 1994 By:s/Richard Sands Richard Sands, Vice President Vintners International Company, Inc. Dated: October 21, 1994 By:s/Richard Sands Richard Sands, President /TABLE INDEX TO EXHIBITS (1) Underwriting agreement Not Applicable. (2) Plan of acquisition, reorganization, arrangement, liquidation or succession Not Applicable. (4) Instruments defining the rights of security holders, including indentures Not Applicable. (16) Letter re change in certifying accountant Not Applicable. (17) Letter re director resignation Not Applicable. (20) Other documents or statements to security holders Not Applicable. (23) Consents of experts and counsel Not Applicable. (24) Power of attorney Not Applicable. (27) Financial Data Schedule Not Applicable. (99) Additional Exhibits None.