Constellation Brands Sets Net Sales Record for Q2 Fiscal 2007, Results in Line with Expectations

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     -  Net sales up 19% to $1.4 billion; branded business net sales up 20%

     -  Wines segment operating margin improves 100 basis points

     -  Reported diluted EPS $0.28 compared to $0.34 for the prior year

     -  Comparable basis diluted EPS up 5% to $0.43

     -  Company updates fiscal year 2007 EPS guidance

FAIRPORT, N.Y., Oct. 5 /PRNewswire-FirstCall/ -- Constellation Brands, Inc. (NYSE: STZ) (ASX: CBR), a leading international producer and marketer of beverage alcohol, today reported record second quarter net sales of $1.4 billion for the quarter ended Aug. 31, 2006 ("second quarter 2007"), up 19 percent over prior year, primarily due to the June 5, 2006, acquisition of Vincor International Inc. ("Vincor"), and from growth in the base business. Branded business net sales grew 20 percent. The increase was due to the addition of Vincor and seven percent growth for branded business organic net sales on a constant currency basis.

(Logo: http://www.newscom.com/cgi-bin/prnh/20040119/STZLOGO )

"Consistent performance over time is an important measure of our market strength. For the quarter, our branded businesses performed very well and they were complemented by the Vincor portfolio, which delivered solid results in its first three months as part of the Constellation family," said Richard Sands, Constellation Brands chairman and chief executive officer. "I'm pleased that we met our expectations for the quarter, and I am optimistic about our potential to continue harvesting additional value from overall growth in our branded businesses, acquisition of Vincor and recent wine business restructurings."

    Second Quarter 2007 Financial Highlights*
    (in millions, except per share data)
                                   Reported    Change  Comparable  Change
    Operating income                 $181        +4%      $237      +21%
    Operating margin                12.8%     -180 bps   16.7%     +20 bps
    Net income                        $68       -17%      $105       +7%
    Diluted EPS                     $0.28       -18%     $0.43       +5%

    Second Quarter 2007 Net Sales Highlights*
     (in millions)

                                Reported               Organic

                                      Constant                  Constant
                         Net          Currency    Net           Currency
                        Sales  Change  Change    Sales  Change   Change

    Consolidated       $1,418    19%     18%    $1,289    8%       7%
    Branded Business   $1,142    20%     20%    $1,021    8%       7%
    Branded Wine         $717    29%     28%      $595    7%       6%
    Imported Beers       $342     9%      9%      $342    9%       9%
    Spirits               $84     8%      8%       $84    8%       8%
    Wholesale/other      $276    13%      9%      $268   10%       6%

    * Definitions of reported, comparable, organic and constant currency, as
      well as reconciliations of non-GAAP financial measures, are contained
      elsewhere in this news release.

    Net Sales Commentary

Growth of branded wine for North America (primarily in the U.S.) drove an overall six percent increase in branded wine organic net sales on a constant currency basis. The acquisition of Vincor complemented this growth to drive a 28 percent increase for branded wine on a constant currency basis.

"For the second quarter we had solid growth from our branded wine business in the U.S., Australia, New Zealand, and from Canada with the addition of Vincor," explained Sands, who added, "The integration of Vincor into Constellation Brands' operations is progressing as planned. We continue to be encouraged by consumers in core markets such as the U.S. and Canada who continue to migrate toward more premium wine brands and Vincor's portfolio has given us additional breadth in the category."

Net sales of branded wine for North America increased 34 percent due to the Vincor acquisition and nine percent growth in the base business. Branded wine net sales for Australia/New Zealand increased 15 percent (17 percent on a constant currency basis) due to Vincor and a six percent increase in the base business (eight percent on a constant currency basis). Net sales of branded wine for Europe increased 21 percent (17 percent on a constant currency basis) due to Vincor and a flat base business (negative four percent on a constant currency basis). Constellation continues to leverage its leadership position in the U.K. to maintain market share in this intensely competitive market.

Organic net sales for wholesale and other increased six percent on a constant currency basis, primarily from growth in the company's U.K. wholesale business.

The nine percent increase in imported beers net sales was primarily due to volume growth for Constellation's portfolio, which includes Corona and other Grupo Modelo brands, as well as St. Pauli Girl and Tsingtao, and reflected strong consumer demand throughout the summer season.

"Constellation's imported beer business delivered strong second quarter growth while managing lower than usual inventory levels of Corona and Corona Light due to a tight supply of bottles for these products," stated Sands. "The supply of bottles for these products is expected to improve during the second half of fiscal 2007. As announced on July 17, 2006, Constellation Brands and Grupo Modelo entered into an agreement to form a joint venture that will import and market beer in the United States and Guam. Named Crown Imports LLC, the joint venture is expected to become operational on Jan. 2, 2007. Crown Imports LLC will consolidate U.S. importation and marketing for Grupo Modelo brands for the first time, which offers exciting potential growth opportunities for the beer portfolio."

Total spirits net sales increased eight percent for the second quarter. Investments behind the company's premium spirits brands contributed to an eight percent increase in branded spirits, while contract production services increased 10 percent.

"Our spirits business had a very strong quarter as we continue to build our premium spirits brand portfolio and focus on meeting consumer demand for innovative brands and flavor variety in the spirits category," said Sands.

Operating Income, Net Income, Diluted EPS Commentary

For the second quarter 2007, operating income increased primarily due to the acquisition of Vincor, as well as growth in the base business. The company incurred $4.1 million of stock-based compensation expense ("stock compensation expense") for the second quarter related to the company's March 1, 2006, adoption of Statement of Financial Accounting Standards No. 123(R), "Share- Based Payment" ("SFAS 123(R)"). The recognition of stock compensation expense reduced operating income growth by approximately two percentage points. For the quarter, the company also recorded approximately $1.5 million of expenses, primarily corporate transaction-related costs associated with the formation of the Crown Imports LLC joint venture.

Wines segment operating margin increased 100 basis points. This is due primarily to a strong increase in operating margin in the U.S. base business. In addition, synergies and mix from the Vincor acquisition added to operating margin improvements but were mostly offset by competitive market conditions in the U.K. that did not allow us to pass on the increase in U.K. duty costs, and the impact of stock compensation expense recognition. Beers and spirits segment operating margin declined 90 basis points for the quarter, primarily due to increased material costs for spirits, higher spending behind premium spirits and stock compensation expense recognition.

The company recorded $21.7 million of restructuring and related charges for strategic business realignment activities for the second quarter 2007, compared to $2.2 million for the same period last year. On June 5, 2006, Constellation entered into a new $3.5 billion credit agreement, proceeds of which were primarily used to fund the acquisition of Vincor, pay certain Vincor indebtedness, and repay the outstanding balance on the company's prior credit agreement. The company recorded $11.8 million of expense for the write- off of bank fees related to the repayment of the prior agreement. Interest expense increased 55 percent to $72.5 million for the second quarter 2007, primarily due to the financing of the Vincor acquisition and higher average interest rates.

The reported effective tax rate for second quarter 2007 was 38.7 percent compared with 35.1 percent for second quarter 2006. The comparable basis effective tax rate was 36.9 percent for second quarter 2007 versus 35.0 percent for the prior year period.

Stock Repurchases

During the second quarter 2007, the company purchased 3.24 million shares of its class A common stock at an aggregate cost of $82 million, or at an average cost of $25.28 per share under its $100 million share repurchase program.

Summary

"We are on track to deliver solid earnings growth for the year on a comparable basis while taking into account year-over-year challenges for increased U.K. duty, stock compensation expense, as well as higher interest and taxes," said Sands. "We will continue to build upon our leadership position in beverage alcohol and complement our organic growth with strategic acquisitions while maintaining our focus on value creation and improving return on invested capital."

Outlook

Last quarter the company indicated that it was evaluating its practice of providing quarterly EPS guidance. As a result of this review, and effective with this news release, Constellation will only provide annual guidance, which is consistent with the way the company manages and analyzes its business for long-term growth.

The table below sets forth management's current diluted earnings per share expectations for fiscal year 2007 compared to fiscal year 2006 actual results both on a reported basis and a comparable basis. For comparison purposes, the table also provides actual comparable basis diluted earnings per share, including pro forma stock compensation expense, as though the company had adopted SFAS 123(R) for the period presented.

Due to continued intense competition in the U.K. market, the company has revised its fiscal 2007 comparable basis diluted EPS outlook to $1.72 to $1.76 from the company's previous estimate of $1.72 to $1.80.

With respect to the table, reconciliations of reported information to comparable information and to comparable information, including pro forma stock compensation expense, are included in this news release.


                    Constellation Brands Fiscal Year 2007
                      Diluted Earnings Per Share Outlook

                                                                  Comparable
                                                              Basis, Including
                        Reported Basis       Comparable Basis  Pro Forma Stock
                                                                 Compensation
                                                                    Expense
                           FY07      FY06      FY07       FY06       FY06
                        Estimate    Actual   Estimate    Actual     Actual
    Fiscal Year
     Ending Feb. 28   $1.36 - $1.40 $1.36  $1.72 - $1.76  $1.59     $1.44

    Full-year fiscal 2007 guidance includes the following assumptions:

    --  Net sales growth: low teens
    --  Interest expense: $255 - $265 million
    --  Stock compensation expense: approximately $15 million
    --  Tax rate: approximately 39.2 percent on a reported basis, which
        includes a provision of 2.3 percent primarily related to the sale of
        Strathmore water and the Fiscal 2007 Wine Plan, or 36.9 percent on a
        comparable basis
    --  Weighted average diluted shares outstanding: approximately 241 million
    --  Free cash flow: $155 - $175 million

    Conference Call

A conference call to discuss second quarter 2007 results and outlook for fiscal 2007 will be hosted by Chairman and Chief Executive Officer Richard Sands and Executive Vice President and Chief Financial Officer Tom Summer on Thursday, Oct. 5, 2006 at 10:00 a.m. (eastern). The conference call can be accessed by dialing +973-935-8505 beginning 10 minutes prior to the start of the call. A live listen-only webcast of the conference call, together with a copy of this news release (including the attachments) and other financial information that may be discussed in the call will be available on the Internet at Constellation's Web site: www.cbrands.com under "Investors," prior to the call.

Explanations

Reported basis ("reported") operating income, net income and diluted earnings per share are as reported under generally accepted accounting principles. Operating income, net income and diluted earnings per share on a comparable basis ("comparable"), exclude acquisition-related integration costs, restructuring and related charges and unusual items. The company's measure of segment profitability excludes acquisition-related integration costs, restructuring and related charges and unusual items, which is consistent with the measure used by management to evaluate results.

The company discusses additional non-GAAP measures in this news release, including constant currency net sales, organic net sales, comparable basis EBIT, free cash flow and comparable basis diluted earnings per share, including pro forma stock compensation expense.

Tables reconciling non-GAAP measures, together with definitions of these measures and the reasons management uses these measures, are included in this news release.

About Constellation Brands

Constellation Brands, Inc. is a leading international producer and marketer of beverage alcohol brands with a broad portfolio across the wine, spirits and imported beer categories. Well-known brands in Constellation's portfolio include: Almaden, Arbor Mist, Vendange, Woodbridge by Robert Mondavi, Hardys, Goundrey, Nobilo, Kim Crawford, Alice White, Ruffino, Kumala, Robert Mondavi Private Selection, Rex Goliath, Toasted Head, Blackstone, Ravenswood, Estancia, Franciscan Oakville Estate, Inniskillin, Jackson-Triggs, Simi, Robert Mondavi Winery, Stowells, Blackthorn, Black Velvet, Mr. Boston, Fleischmann's, Paul Masson Grande Amber Brandy, Chi-Chi's, 99 Schnapps, Ridgemont Reserve 1792, Effen Vodka, Corona Extra, Corona Light, Pacifico, Modelo Especial, Negra Modelo, St. Pauli Girl, Tsingtao. For additional information about Constellation Brands, as well as its product portfolio, visit the company's Web site at www.cbrands.com.

Forward Looking Statements

The statements made under the heading Outlook, as well as all other statements set forth in this press release which are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by the forward-looking statements.

During the quarter, Constellation may reiterate the estimates set forth above under the heading Outlook and elsewhere in this news release (collectively, the "Projections"). Prior to the start of the company's quiet period, which will begin at the close of business on Nov. 16, 2006, the public can continue to rely on the Projections as still being Constellation's current expectations on the matters covered, unless Constellation publishes a notice stating otherwise.

Commencing at the close of business on Nov. 16, 2006, Constellation will observe a "quiet period" during which the Projections should not be considered to constitute the company's expectations. During the quiet period, the Projections should be considered to be historical, speaking as of prior to the quiet period only and not subject to update by the company.

The company's forward-looking statements are based on management's current expectations and, unless otherwise noted, do not take into account the impact of any future acquisition, merger or any other business combination, divestiture, restructuring or other strategic business realignments, or financing that may be completed after the date of this release. Any projections of future results of operations, and in particular, (i) the company's estimated diluted earnings per share on a reported basis for fiscal 2007, and (ii) the company's estimated diluted earnings per share on a comparable basis for fiscal 2007 should not be construed in any manner as a guarantee that such results will in fact occur. In addition to the risks and uncertainties of ordinary business operations, the forward-looking statements of the company contained in this news release are also subject to the following risks and uncertainties: Constellation's ability to integrate Vincor's business successfully and realize expected synergies; the continued strength of Vincor's relationships with its employees, suppliers and customers; the accuracy of the bases for forecasts relating to Vincor's business; final management determinations and independent appraisals vary materially from current management estimates of the fair value of assets acquired and liabilities assumed in the Vincor acquisition; the company's restructuring and related charges, acquisition-related integration costs and purchase accounting adjustments associated with the Vincor integration plan (announced in July 2006) and the company's restructuring and related charges associated with the Fiscal 2007 Wine Plan (announced in August 2006) and its global wine restructuring plan announced in February 2006 vary materially from management's current estimates of these charges, costs and adjustments due to variations in anticipated headcount reductions, contract terminations, and costs of the implementation of the Vincor integration plan; the company achieving all of the expected cost savings from its Fiscal 2007 Wine Plan, from its Vincor integration plan and from its global wine restructuring plan due to, with respect to any or all of these plans, lower than anticipated reductions in headcount or other expenses, or a delay or greater than anticipated costs in their implementation; the company realizes lower than expected proceeds from sale of assets identified for sale under the Fiscal 2007 Wine Plan and consequently incurs a greater than expected loss on the sale of such assets; the company achieving certain sales projections and meeting certain cost targets; wholesalers and retailers may give higher priority to products of the company's competitors; raw material supply, production or shipment difficulties could adversely affect the company's ability to supply its customers; increased competitive activities in the form of pricing, advertising and promotions could adversely impact consumer demand for the company's products and/or result in higher than expected selling, general and administrative expenses; a general decline in alcohol consumption; increases in excise and other taxes on beverage alcohol products; governmental bodies may increase tax rates; proportionately, the company's taxable income may be higher than expected in jurisdictions with higher tax rates; and changes in interest rates and foreign currency exchange rates. In addition, on July 17, 2006, the company announced a proposed joint venture with Grupo Modelo for the purpose of importing and marketing Modelo's Mexican beer portfolio into the United States and Guam. Risks and uncertainties associated with this joint venture include, among others, the company's ability to complete the formation of the joint venture and its ability to complete it on the timetable contemplated, higher than expected start-up costs for the joint venture, the joint venture's ability to operate the business successfully, the joint venture's ability to develop appropriate standards, controls, procedures and policies for the growth and management of the joint venture and the strength of the joint venture's relationships with its employees, suppliers and customers.

For additional information about risks and uncertainties that could adversely affect the company's forward-looking statements, please refer to the company's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended Feb. 28, 2006, which contain a discussion of additional factors that may affect Constellation's business. The factors discussed in these reports could cause actual future performance to differ from current expectations.


    Constellation Brands, Inc. and Subsidiaries
    CONDENSED CONSOLIDATED BALANCE SHEETS
    (in millions)

                                                   August 31,     February 28,
                                                     2006             2006
     Assets

     Current Assets:
       Cash and cash investments                     $42.2             $10.9
       Accounts receivable, net                    1,022.4             771.9
       Inventories                                 1,926.2           1,704.4
       Prepaid expenses and other                    281.8             213.7

         Total current assets                      3,272.6           2,700.9

     Property, plant and equipment, net            1,698.1           1,425.3
     Goodwill                                      3,085.3           2,193.6
     Intangible assets, net                        1,151.4             883.9
     Other assets, net                               241.3             196.9

         Total assets                             $9,448.7          $7,400.6

     Liabilities and Stockholders' Equity

       Current Liabilities:
         Notes payable to banks                     $313.3             $79.9
         Current maturities of long-term debt         15.4             214.1
         Accounts payable                            420.3             312.8
         Accrued excise taxes                         80.8              76.7
         Other accrued expenses and
          liabilities                                738.0             614.6

           Total current liabilities               1,567.8           1,298.1

     Long-term debt, less current
      maturities                                   3,987.7           2,515.8
     Deferred income taxes                           453.6             371.2
     Other liabilities                               272.6             240.3

       Total liabilities                           6,281.7           4,425.4

       Total stockholders' equity                  3,167.0           2,975.2

       Total liabilities and stockholders'
        equity                                    $9,448.7          $7,400.6



    Constellation Brands, Inc. and Subsidiaries
    CONSOLIDATED STATEMENTS OF INCOME
    (in millions, except per share data)

                                  Three Months Ended       Six Months Ended
                                  August 31, August 31,  August 31, August 31,
                                      2006      2005         2006        2005

     Sales                         $1,714.9  $1,468.7      $3,145.1  $2,835.0
     Excise taxes                    (297.4)   (276.7)       (571.7)   (546.5)
         Net sales                  1,417.5   1,192.0       2,573.4   2,288.5

     Cost of product sold          (1,002.7)   (844.0)     (1,840.0) (1,634.5)
         Gross profit                 414.8     348.0         733.4     654.0

     Selling, general and
      administrative expenses        (204.4)   (163.7)       (377.0)   (321.6)
     Restructuring and related
      charges                         (21.7)     (2.2)        (24.0)     (4.1)
     Acquisition-related integration
      costs                            (7.4)     (7.9)         (8.1)    (14.3)
         Operating income             181.3     174.2         324.3     314.0

     Equity in earnings (loss) of
      equity method investees           0.2      (0.3)          0.3      (0.8)
     Gain on change in fair value of
      derivative instrument             2.6         -          55.1         -
     Interest expense, net            (72.5)    (46.9)       (121.2)    (94.2)
         Income before income taxes   111.6     127.0         258.5     219.0

     Provision for income taxes       (43.2)    (44.6)       (104.6)    (60.9)
       Net income                      68.4      82.4         153.9     158.1

     Dividends on preferred stock      (2.4)     (2.4)         (4.9)     (4.9)
       Income available to common
        stockholders                  $66.0     $80.0        $149.0    $153.2


     Earnings Per Common Share:
        Basic - Class A Common Stock  $0.30     $0.37         $0.67     $0.70
        Basic - Class B Common Stock  $0.27     $0.33         $0.61     $0.64
        Diluted                       $0.28     $0.34         $0.64     $0.66

     Weighted Average Common Shares
      Outstanding:
        Basic - Class A Common
         Stock                      200.316   196.520       199.943   196.042
        Basic - Class B Common
         Stock                       23.845    23.905        23.849    23.930
        Diluted                     240.318   239.071       240.052   238.611


    Constellation Brands, Inc. and Subsidiaries
    CONSOLIDATED STATEMENTS OF CASH FLOWS
    (in millions)

                                                        Six Months Ended
                                                   August 31,       August 31,
                                                      2006             2005
     Cash Flows From Operating Activities
     Net income                                      $153.9           $158.1
     Adjustments to reconcile net income
      to net cash provided by
      operating activities:
       Depreciation of property, plant and
        equipment                                      58.5             54.1
       Deferred tax provision                          31.1             33.3
       Loss on disposal of business                    17.4                -
       Non-cash portion of loss on
        extinguishment of debt                         11.8                -
       Stock-based compensation expense                 7.8              0.1
       Amortization of intangible and other
        assets                                          3.7              4.0
       Loss on disposal of assets                       1.4              1.7
       Gain on change in fair value of
        derivative instrument                         (55.1)               -
       Equity in (earnings) loss of equity
        method investees                               (0.3)             0.8
       Proceeds from early termination of
        derivative instruments                            -             30.3
       Change in operating assets and
        liabilities, net of effects
        from purchases and sales of
        businesses:
         Accounts receivable, net                    (152.2)           (66.1)
         Inventories                                   36.0            (74.5)
         Prepaid expenses and other current
          assets                                      (43.1)            (5.5)
         Accounts payable                              55.3             44.6
         Accrued excise taxes                           1.0             (2.2)
         Other accrued expenses and
          liabilities                                 (54.0)            (3.9)
     Other, net                                        11.7             (0.7)
           Total adjustments                          (69.0)            16.0
           Net cash provided by operating
            activities                                 84.9            174.1

     Cash Flows From Investing Activities
       Purchase of business, net of cash
        acquired                                   (1,091.8)               -
       Purchases of property, plant and
        equipment                                    (103.1)           (63.0)
       Payment of accrued earn-out amount              (1.1)            (1.6)
       Proceeds from maturity of
        derivative instrument                          55.1                -
       Proceeds from sales of businesses               28.4             17.8
       Proceeds from sales of assets                    1.2            112.0
       Proceeds from sales of equity method
        investment                                        -             36.0
       Investment in equity method investee               -             (2.3)
       Other investing activities                      (0.1)            (5.0)
            Net cash (used in) provided by
             investing activities                  (1,111.4)            93.9

     Cash Flows From Financing Activities
       Proceeds from issuance of long-term
        debt                                        3,695.0                -
       Net proceeds from notes payable                212.1             55.1
       Exercise of employee stock options              33.8             17.3
       Excess tax benefits from stock-based
        payment awards                                  8.8                -
       Proceeds from employee stock
        purchases                                       3.2              3.0
       Principal payments of long-term debt        (2,771.5)          (336.7)
       Purchases of treasury stock                    (82.0)               -
       Payment of issuance costs of long-
        term debt                                     (19.3)               -
       Payment of preferred stock dividends            (4.9)            (4.9)
           Net cash provided by (used in)
            financing activities                    1,075.2           (266.2)

     Effect of exchange rate changes on
      cash and cash investments                       (17.4)            (0.8)

     Net increase in cash and cash
      equivalents                                      31.3              1.0
     Cash and cash investments, beginning
      of period                                        10.9             17.6
     Cash and cash investments, end of
      period                                          $42.2            $18.6



    Constellation Brands, Inc. and Subsidiaries
    SEGMENT INFORMATION
    (in millions)

                                               Three Months Ended
                                             August 31,  August 31,   Percent
                                                2006         2005     Change

    Segment Net Sales and Operating
     Income
      Constellation Wines
         Branded wine net sales                $716.5       $557.0      29%
         Wholesale and other net sales          275.8        243.2      13%
           Segment net sales                   $992.3       $800.2      24%
           Operating income                    $163.8       $123.7      32%
           % Net sales                          16.5%        15.5%

      Constellation Beers and Spirits
         Imported beers net sales              $341.6       $314.2       9%
         Spirits net sales                       83.6         77.6       8%
           Segment net sales                   $425.2       $391.8       9%
           Operating income                     $91.6        $87.6       5%
           % Net sales                          21.5%        22.4%

         Corporate Operations and Other
           Consolidated net sales            $1,417.5     $1,192.0      19%
           Operating income                    $(18.0)      $(14.3)     26%
           % Net sales                          (1.3%)       (1.2%)


                                                Six Months Ended
                                             August 31,  August 31,   Percent
                                                2006        2005      Change

    Segment Net Sales and Operating
     Income
      Constellation Wines
         Branded wine net sales              $1,233.7     $1,052.4      17%
         Wholesale and other net sales          523.1        498.4       5%
           Segment net sales                 $1,756.8     $1,550.8      13%
           Operating income                    $260.0       $219.7      18%
           % Net sales                          14.8%        14.2%

      Constellation Beers and Spirits
         Imported beers net sales              $649.7       $574.6      13%
         Spirits net sales                      166.9        163.1       2%
           Segment net sales                   $816.6       $737.7      11%
           Operating income                    $174.4       $163.6       7%
           % Net sales                          21.4%        22.2%

         Corporate Operations and Other
           Consolidated net sales            $2,573.4     $2,288.5      12%
           Operating income                    $(32.2)      $(28.6)     13%
           % Net sales                          (1.3%)       (1.2%)



    Constellation Brands, Inc. and Subsidiaries
    GEOGRAPHIC INFORMATION
    (in millions)

                                 Three Months Ended               Constant
                                   August  August  Per-   Cur-    Currency
                                     31,     31,   cent   rency   Percent
                                    2006    2005  Change  Impact  Change (3)
    Geographic Net Sales (1)(2)
        North America              $938.1  $774.6   21%      -      21%
          Branded wine             $503.9  $377.3   34%      -      34%
          Imported beers           $341.6  $314.2    9%      -       9%
          Spirits                   $83.6   $77.6    8%      -       8%
          Wholesale and other        $9.0    $5.5   64%      -      64%

        Europe                     $390.4  $341.1   14%      4%     10%
          Branded wine             $129.7  $107.5   21%      4%     17%
          Wholesale and other      $260.7  $233.6   12%      5%      7%

        Australia/New Zealand       $89.0   $76.3   17%     (3%)    19%
          Branded wine              $82.9   $72.2   15%     (3%)    17%
          Wholesale and other        $6.1    $4.1   49%     (2%)    51%


                                  Six Months Ended                Constant
                                   August  August  Per-   Cur-    Currency
                                     31,     31,   cent   rency   Percent
                                    2006    2005  Change  Impact  Change (3)
    Geographic Net Sales (1)(2)
        North America           $1,683.3  $1,434.1   17%     -      17%
          Branded wine            $851.6    $684.4   24%     -      24%
          Imported beers          $649.7    $574.6   13%     -      13%
          Spirits                 $166.9    $163.1    2%     -       2%
          Wholesale and other      $15.1     $12.0   26%     -      26%

        Europe                    $719.8    $692.3    4%     -       4%
          Branded wine            $226.0    $215.7    5%     -       5%
          Wholesale and other     $493.8    $476.6    4%     -       4%

        Australia/New Zealand     $170.3    $162.1    5%    (4%)     9%
          Branded wine            $156.1    $152.3    3%    (4%)     7%
          Wholesale and other      $14.2      $9.8   45%    (5%)    50%


    (1) Refer to discussion under "Reconciliation of Reported, Organic and
        Constant Currency Net Sales" on following page for definition of
        constant currency net sales and reasons for use.

    (2) Net sales are attributed to countries based on the location of the
        selling company.

    (3) May not sum due to rounding as each item is computed independently.


    Constellation Brands, Inc. and Subsidiaries
    RECONCILIATION OF REPORTED, ORGANIC AND CONSTANT CURRENCY NET SALES
    (in millions)

    As the Company acquired Vincor on June 5, 2006, organic net sales are
    defined by the Company for second quarter fiscal 2007 and six months
    fiscal 2007 as reported net sales for the respective period less net sales
    of Vincor products during the period from June 5, 2006, through August 31,
    2006.  Organic net sales and percentage increase (decrease) in constant
    currency net sales (which excludes the impact of year over year currency
    exchange rate fluctuations) are provided because management uses this
    information in monitoring and evaluating the underlying business trends of
    the continuing operations of the company.  In addition, the company
    believes this information provides investors better insight on underlying
    business trends and results in order to evaluate year over year financial
    performance.

                                Three Months Ended                Constant
                                  August   August  Per-   Cur-    Currency
                                    31,      31,   cent   rency   Percent
                                   2006     2005  Change  Impact  Change (1)
    Consolidated Net Sales
       Branded wine              $716.5    $557.0   29%      -      28%
       Wholesale and other        275.8     243.2   13%      4%      9%
       Imported beers             341.6     314.2    9%      -       9%
       Spirits                     83.6      77.6    8%      -       8%
         Consolidated reported
          net sales             1,417.5   1,192.0   19%      1%     18%
       Less:  Vincor (2)         (128.9)        -
         Consolidated organic
          net sales            $1,288.6  $1,192.0    8%      1%      7%


    Branded Business Net Sales (3)
       Branded wine              $716.5    $557.0   29%      -      28%
       Imported beers             341.6     314.2    9%      -       9%
       Spirits                     83.6      77.6    8%      -       8%
         Branded business
          reported net sales    1,141.7     948.8   20%      -      20%
       Less:  Vincor (2)         (121.2)        -
         Branded business
          organic net sales    $1,020.5    $948.8    8%      -       7%


    Branded Wine Net Sales
       Branded wine reported
        net sales                $716.5    $557.0   29%      -      28%
       Less:  Vincor (2)         (121.2)        -
         Branded wine organic
          net sales              $595.3    $557.0    7%      -       6%


    Wholesale and Other Net Sales
       Wholesale and other
        reported net sales       $275.8    $243.2   13%      4%      9%
       Less:  Vincor (2)           (7.7)        -
         Wholesale and other
          organic net sales      $268.1    $243.2   10%      4%      6%


                                  Six Months Ended                Constant
                                 August    August  Per-   Cur-    Currency
                                   31,       31,   cent   rency   Percent
                                  2006      2005  Change  Impact  Change (1)
    Consolidated Net Sales
       Branded wine            $1,233.7  $1,052.4   17%     (1%)    18%
       Wholesale and other        523.1     498.4    5%      -       5%
       Imported beers             649.7     574.6   13%      -      13%
       Spirits                    166.9     163.1    2%      -       2%
         Consolidated reported
          net sales             2,573.4   2,288.5   12%      -      13%
       Less:  Vincor (2)         (128.9)        -
         Consolidated organic
          net sales            $2,444.5  $2,288.5    7%      -       7%


    Branded Business Net Sales (3)
       Branded wine            $1,233.7  $1,052.4   17%     (1%)    18%
       Imported beers             649.7     574.6   13%      -      13%

       Spirits                    166.9     163.1    2%      -       2%
         Branded business
          reported net sales    2,050.3   1,790.1   15%      -      15%
       Less:  Vincor (2)         (121.2)        -
         Branded business
          organic net sales    $1,929.1  $1,790.1    8%      -       8%


    Branded Wine Net Sales
       Branded wine reported
        net sales              $1,233.7  $1,052.4   17%     (1%)    18%
       Less:  Vincor (2)         (121.2)        -
         Branded wine organic
          net sales            $1,112.5  $1,052.4    6%     (1%)     6%


    Wholesale and Other Net Sales
       Wholesale and other
        reported net sales       $523.1    $498.4    5%      -       5%
       Less:  Vincor (2)           (7.7)        -
         Wholesale and other
          organic net sales      $515.4    $498.4    3%      -       4%


    (1)May not sum due to rounding as each item is computed independently.

    (2)For the period June 5, 2006, through August 31, 2006.

    (3)Branded business net sales includes the branded wine, imported beers
       and spirits product categories and excludes the wholesale and other
       product category.


    Constellation Brands, Inc. and Subsidiaries
    RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES
    (in millions, except per share data)

    The company reports its financial results in accordance with generally
    accepted accounting principles in the U.S. ("GAAP").  However, non-GAAP
    financial measures, as defined in the reconciliations below, are provided
    because management uses this information in evaluating the results of the
    continuing operations of the company and/or internal goal setting.  In
    addition, the company believes this information provides investors better
    insight on underlying business trends and results in order to evaluate
    year over year financial performance.  See the tables below for
    supplemental financial data and corresponding reconciliations of these
    non-GAAP financial measures to GAAP financial measures for the three
    months and six months ended August 31, 2006, and August 31, 2005.
    Non-GAAP financial measures should be viewed in addition to, and not as an
    alternative for, the company's reported results prepared in accordance
    with GAAP.  Please refer to the company's Web site at
    http://www.cbrands.com/CBI/investors.htm for more detailed description and
    further discussion of these non-GAAP financial measures.


                                   Three Months Ended August 31, 2006
                                      Items Affecting Comparability

                                                  Strategic
                     Reported  Mondavi            Business          Comparable
                      Basis   Adverse   Inventory Realign-            Basis
                     (GAAP)  Grape Cost  Step-up  ment(1)  Other(2) (Non-GAAP)
    Net Sales      $1,417.5                                          $1,417.5
      Cost of
       product
       sold        (1,002.7)    0.9        5.9      1.3                (994.6)
    Gross Profit      414.8     0.9        5.9      1.3         -       422.9
     Selling, general
      and admin-
      istrative
      expenses       (204.4)                        1.7      17.2      (185.5)
     Restructuring
      and related
      charges         (21.7)                       21.7                     -
     Acquisition-
      related
      integration
      costs            (7.4)                        7.4                     -
    Operating Income  181.3     0.9        5.9     32.1      17.2       237.4
      Equity in
       earnings (loss)
       of equity
       method
       investees        0.2                0.4                            0.6
    EBIT                                                                238.0
      Gain on change
       in fair value
       of derivative
       instrument       2.6                                  (2.6)          -
      Interest expense,
       net            (72.5)                                            (72.5)
    Income Before
     Income Taxes     111.6     0.9        6.3     32.1      14.6       165.5
      Provision for
       income taxes   (43.2)   (0.3)      (2.3)    (9.8)     (5.4)      (61.0)
    Net Income        $68.4    $0.6       $4.0    $22.3      $9.2      $104.5
    Diluted Earnings
     Per Common Share $0.28      $-      $0.02    $0.09     $0.04       $0.43
    Weighted Average
     Common Shares
     Outstanding
     - Diluted      240.318 240.318    240.318  240.318   240.318     240.318

    Gross Margin      29.3%                                             29.8%
    Operating Margin  12.8%                                             16.7%
    EBIT Margin                                                         16.8%
    Effective Tax
     Rate             38.7%                                             36.9%


                                   Three Months Ended August 31, 2005
                                      Items Affecting Comparability

                                                  Strategic
                     Reported  Mondavi            Business          Comparable
                      Basis   Adverse   Inventory Realign-            Basis
                     (GAAP)  Grape Cost  Step-up  ment(1)  Other(2) (Non-GAAP)

    Net Sales      $1,192.0                                          $1,192.0
      Cost of
       product
       sold          (844.0)    6.3        2.6                         (835.1)
    Gross Profit      348.0     6.3        2.6        -         -       356.9
     Selling, general
      and admin-
      istrative
      expenses       (163.7)                                  3.8      (159.9)
     Restructuring
      and related
      charges          (2.2)                        2.2                     -
     Acquisition-
      related
      integration
      costs            (7.9)                        7.9                     -
    Operating Income  174.2     6.3        2.6     10.1       3.8       197.0
      Equity in
       earnings (loss)
       of equity
       method
       investees       (0.3)               1.1                            0.8
    EBIT                                                                197.8
      Gain on change
       in fair value
       of derivative
       instrument         -                                                 -
      Interest expense,
       net            (46.9)                                            (46.9)
    Income Before
     Income Taxes     127.0     6.3        3.7     10.1       3.8       150.9
      Provision for
       income taxes   (44.6)   (2.2)      (1.2)    (3.5)     (1.3)      (52.8)
    Net Income        $82.4    $4.1       $2.5     $6.6      $2.5       $98.1
    Diluted Earnings
     Per Common
     Share            $0.34   $0.02      $0.01    $0.03     $0.01       $0.41
    Weighted Average
     Common Shares
     Outstanding
     - Diluted      239.071 239.071    239.071  239.071   239.071     239.071

    Gross Margin      29.2%                                             29.9%
    Operating Margin  14.6%                                             16.5%
    EBIT Margin                                                         16.6%
    Effective Tax
     Rate             35.1%                                             35.0%


                                    Percent      Percent
                                    Change -     Change -
                                    Reported    Comparable
                                      Basis       Basis
                                     (GAAP)     (Non-GAAP)


    Net Sales                          19%          19%
      Cost of product sold             19%          19%
    Gross Profit                       19%          18%
     Selling, general and
      administrative expenses          25%          16%
     Restructuring and related
      charges                         886%          N/A
     Acquisition-related
      integration costs                (6%)         N/A
    Operating Income                    4%          21%
      Equity in earnings (loss)
       of equity method investees    (167%)        (25%)
    EBIT                               N/A          20%
      Gain on change in fair value
       of derivative instrument        N/A          N/A
      Interest expense, net            55%          55%
    Income Before Income Taxes        (12%)         10%
      Provision for income taxes       (3%)         16%
    Net Income                        (17%)          7%
    Diluted Earnings Per Common
     Share                            (18%)          5%

    (1) For the three months ended August 31, 2006, strategic business
        realignment items include costs recognized by the company in
        connection with (i) its plan to invest in new distribution and
        bottling facilities in the U.K. and to streamline certain Australian
        wine operations (collectively, the "Fiscal 2007 Wine Plan") of $14.3
        million, net of a tax benefit of $5.3 million, (ii) the restructuring
        and integration of the operations of Vincor International Inc. (the
        "Vincor Plan") of $5.5 million, net of a tax benefit of $3.2 million,
        (iii) its worldwide wine reorganization, including its program to
        consolidate certain west coast production processes in the U.S.
        (collectively, the "Fiscal 2006 Plan") of $2.4 million, net of a tax
        benefit of $1.3 million, and (iv) additional loss on the sale of the
        company's branded bottled water business of $0.1 million. For the
        three months ended August 31, 2005, strategic business realignment
        items include costs recognized by the company primarily in connection
        with the restructuring and integration of the operations of The Robert
        Mondavi Corporation (the "Robert Mondavi Plan").

    (2) For the three months ended August 31, 2006, other includes (i) the
        write-off of deferred financing fees of $7.4 million, net of a tax
        benefit of $4.4 million, in connection with the company's repayment of
        its prior senior credit facility, (ii) foreign currency losses of $3.4
        million, net of a tax benefit of $2.0 million, on foreign denominated
        intercompany loan balances associated with the acquisition of Vincor
        International Inc. ("Vincor"), and (iii) a gain of $1.6 million, net
        of tax expense of $1.0 million, on the mark-to- market adjustment of
        the foreign currency forward contract entered into by the company in
        connection with the acquisition of Vincor to fix the U.S. dollar cost
        of the acquisition and payment of certain outstanding indebtedness.
        For the three months ended August 31, 2005, other consists of costs
        associated with professional service fees incurred for due diligence
        in connection with the company's evaluation of a potential offer for
        Allied Domecq.



    Constellation Brands, Inc. and Subsidiaries
    RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES (continued)
    (in millions, except per share data)

                                     Six Months Ended August 31, 2006
                                      Items Affecting Comparability

                                                  Strategic
                     Reported  Mondavi            Business          Comparable
                      Basis   Adverse   Inventory Realign-            Basis
                     (GAAP)  Grape Cost  Step-up  ment(1)  Other(2) (Non-GAAP)


    Net Sales      $2,573.4                                          $2,573.4
     Cost of
      product sold (1,840.0)     2.4        6.5      2.4             (1,828.7)
    Gross Profit      733.4      2.4        6.5      2.4         -      744.7
      Selling, general
       and admin-
       istrative
       expenses      (377.0)                        17.3      17.2     (342.5)
      Restructuring
       and related
       charges        (24.0)                        24.0                    -
      Acquisition-
       related
       integration
       costs           (8.1)                         8.1                    -
    Operating Income  324.3      2.4        6.5     51.8      17.2      402.2
      Equity in
       earnings (loss)
       of equity
       method
       investees        0.3                 0.9                           1.2
    EBIT                                                                403.4
      Gain on change
       in fair value
       of derivative
       instrument      55.1                                  (55.1)         -
      Interest expense,
       net           (121.2)                                           (121.2)
    Income Before
     Income Taxes     258.5      2.4        7.4     51.8     (37.9)     282.2
      Provision for
       income taxes  (104.6)    (0.8)      (2.6)    (8.6)     13.6     (103.0)
    Net Income       $153.9     $1.6       $4.8    $43.2    $(24.3)    $179.2
    Diluted Earnings
     Per Common Share $0.64    $0.01      $0.02    $0.18    $(0.10)     $0.75
    Weighted Average
     Common Shares
     Outstanding -
     Diluted        240.052  240.052    240.052  240.052   240.052    240.052

    Gross Margin      28.5%                                             28.9%
    Operating Margin  12.6%                                             15.6%
    EBIT Margin                                                         15.7%
    Effective Tax
     Rate             40.5%                                             36.5%


                                     Six Months Ended August 31, 2005
                                      Items Affecting Comparability
                                                  Strategic
                     Reported  Mondavi            Business          Comparable
                      Basis   Adverse   Inventory Realign-            Basis
                     (GAAP)  Grape Cost  Step-up  ment(1)  Other(2) (Non-GAAP)


    Net Sales      $2,288.5                                          $2,288.5
     Cost of
      product sold (1,634.5)     13.9       4.6                      (1,616.0)
    Gross Profit      654.0      13.9       4.6       -        -        672.5
      Selling, general
       and admin-
       istrative
       expenses      (321.6)                                 3.8       (317.8)
      Restructuring
       and related
       charges         (4.1)                                 4.1            -
      Acquisition-
       related
       integration
       costs          (14.3)                                14.3            -
    Operating Income  314.0      13.9       4.6    18.4      3.8        354.7
      Equity in
       earnings (loss)
       of equity
       method
       investees       (0.8)                1.9                           1.1
    EBIT                                                                355.8
      Gain on change
       in fair value
       of derivative
       instrument         -                                                 -
      Interest expense,
       net            (94.2)                                            (94.2)
    Income Before
     Income Taxes     219.0      13.9       6.5    18.4      3.8        261.6
      Provision for
       income taxes   (60.9)     (5.2)     (2.0)   (6.7)   (17.5)       (92.3)
    Net Income       $158.1      $8.7      $4.5   $11.7   $(13.7)     $ 169.3
    Diluted Earnings
     Per Common Share $0.66     $0.04     $0.02   $0.05   $(0.06)       $0.71
    Weighted Average
     Common Shares
     Outstanding -
     Diluted        238.611   238.611   238.611 238.611  238.611      238.611

    Gross Margin      28.6%                                             29.4%
    Operating Margin  13.7%                                             15.5%
    EBIT Margin                                                         15.5%
    Effective Tax
     Rate             27.8%                                             35.3%


                                    Percent      Percent
                                    Change -     Change -
                                    Reported    Comparable
                                      Basis       Basis
                                     (GAAP)     (Non-GAAP)



    Net Sales                          12%          12%
      Cost of product sold             13%          13%
    Gross Profit                       12%          11%
     Selling, general and
      administrative expenses          17%           8%
     Restructuring and related
      charges                         485%          N/A
     Acquisition-related
      integration costs               (43%)         N/A
    Operating Income                    3%          13%
      Equity in earnings (loss)
       of equity method investees    (138%)          9%
    EBIT                               N/A          13%
      Gain on change in fair value
       of derivative instrument        N/A          N/A
      Interest expense, net            29%          29%
    Income Before Income Taxes         18%           8%
      Provision for income taxes       72%          12%
    Net Income                         (3%)          6%
    Diluted Earnings Per Common
     Share                             (3%)          6%



    (1)  For the six months ended August 31, 2006, strategic business
         realignment items consist primarily of costs recognized by the
         company in connection with (i) the Fiscal 2007 Wine Plan of $14.3
         million, net of a tax benefit of $5.3 million, (ii) the Vincor Plan
         of $5.5 million, net of a tax benefit of $3.2 million, (iii) the
         Fiscal 2006 Plan of $5.6 million, net of a tax benefit of $3.0
         million, (iv) the Robert Mondavi Plan of $0.4 million, net of a tax
         benefit of $0.3 million, and (v) the loss on the sale of the
         company's branded bottled water business of $17.4 million, including
         $3.2 million additional tax expense. For the three months ended
         August 31, 2005, strategic business realignment items include costs
         recognized by the company primarily in connection with the Robert
         Mondavi Plan.

    (2)  For the six months ended August 31, 2006, other includes (i) a gain
         of $35.1 million, net of tax expense of $20.0 million, on the
         mark-to-market adjustment of the foreign currency forward contract
         entered into by the company in connection with the acquisition of
         Vincor to fix the U.S. dollar cost of the acquisition and payment of
         certain outstanding indebtedness, (ii)  the write-off of deferred
         financing fees of $7.4 million, net of a tax benefit of $4.4 million,
         in connection with the company's repayment of its prior senior credit
         facility, and (iii)  foreign currency losses of $3.4 million, net of
         a tax benefit of $2.0 million, on foreign denominated intercompany
         loan balances associated with the acquisition of Vincor International
         Inc. ("Vincor").  For the six months ended August 31, 2005, other
         consists of (i) costs associated with professional service fees
         incurred for due diligence in connection with the company's
         evaluation of a potential offer for Allied Domecq of $2.5 million,
         net of a tax benefit of $1.3 million, and (ii) a non-cash reduction
         in the company's provision for income taxes of $16.2 million as a
         result of adjustments to income tax accruals in connection with the
         completion of various income tax examinations.



    Constellation Brands, Inc. and Subsidiaries
    GUIDANCE - DILUTED EARNINGS PER SHARE AND FREE CASH FLOW
    RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES (continued)
    (in millions, except per share data)

                                                       Range for the Year
                                                   Ending February 28, 2007
    Diluted Earnings Per Share Guidance

    Forecasted diluted earnings per share
     - reported basis (GAAP)(1)                      $1.36             $1.40
       Mondavi Adverse Grape Cost                     0.01              0.01
       Inventory step-up                              0.06              0.06
       Strategic business realignment(2)              0.39              0.39
       Other(3)                                      (0.10)            (0.10)
    Forecasted diluted earnings per share
     - comparable basis (Non-GAAP)(4)                $1.72             $1.76



                                                                       Actual
                                                                      for the
                                                                        Year
                                                                        Ended
                                                                      February
                                                                      28, 2006

    Diluted earnings per share - reported
     basis (GAAP)(1)                                                    $1.36
      Mondavi Adverse Grape Cost                                         0.06
      Inventory step-up                                                  0.06
      Strategic business realignment                                     0.17
      Other                                                              0.01
      Income tax adjustments                                            (0.07)
    Diluted earnings per share -
     comparable basis (Non-GAAP)(4)                                      1.59
      Pro forma stock-based compensation
       expense, net of related tax
       effects(5)                                                       (0.15)
    Diluted earnings per share -
     comparable basis, including pro
     forma
       stock-based
     compensation expense (Non-GAAP)(4)                                 $1.44


    (1) Includes $0.04 diluted earnings per share impact of expensing
        stock-based compensation for the year ending February 28, 2007,
        in accordance with the adoption of SFAS 123(R) beginning
        March 1, 2006.  Includes $0.02 diluted earnings per share impact of
        expensing stock-based compensation for the year ended February 28,
        2006, in accordance with APB No. 25 and its related interpretations,
        which was recorded within Restructuring and Related Charges in the
        company's Consolidated Statements of Income.

    (2) Includes $0.13, $0.10 and $0.09 diluted earnings per share for the
        year ending February 28, 2007, associated with the company's Fiscal
        2007 Wine Plan, Fiscal 2006 Plan and Vincor Plan, respectively, and
        $0.07 diluted earnings per share associated with the loss on the sale
        of the company's branded bottled water business for the year ending
        February 28, 2007.

    (3) Includes ($0.15), $0.03 and $0.01 diluted earnings per share for the
        year ending February 28, 2007, associated with the gain on the
        mark-to-market adjustment of the foreign currency forward contract
        entered into by the company in connection with the acquisition of
        Vincor to fix the U.S. dollar cost of the acquisition and payment of
        certain outstanding indebtedness, the write-off of deferred financing
        fees in connection with the company's repayment of its prior senior
        credit facility, and foreign currency losses on foreign denominated
        intercompany loan balances associated with the acquisition of Vincor,
        respectively.

    (4) May not sum due to rounding as each item is computed independently.

    (5) Amount included herein is net of the impact of actual stock-based
        compensation expense recorded in the company's consolidated statement
        of income in accordance with APB No. 25 and its related
        interpretations (see (1) above).


    Free Cash Flow Guidance

Free cash flow, as defined in the reconciliation below, is considered a liquidity measure and is considered to provide useful information to investors about the amount of cash generated after capital expenditures and excess tax benefits, which can then be used, after required debt service and dividend payments, for other general corporate purposes. A limitation of free cash flow is that it does not represent the total increase or decrease in the cash balance for the period. Free cash flow should be considered in addition to, not as a substitute for, or superior to, cash flow from operating activities prepared in accordance with GAAP.

                                        Actual    Actual
                                       for the    for the
                                      Six Months  Year
                                         Ended    Ended     Range for the Year
                                        August   February          Ending
                                       31, 2006  28, 2006    February 28, 2007
    Net cash provided by operating
     activities (GAAP)                   $84.9    $436.0       $320.0  $340.0
      Purchases of property, plant and
       equipment                        (103.1)   (132.5)      (180.0) (180.0)
      Excess tax benefits from stock-
       based payment awards                8.8     -             15.0    15.0
    Free cash flow (Non-GAAP)            $(9.4)   $303.5       $155.0  $175.0

SOURCE Constellation Brands, Inc. -0- 10/05/2006 /CONTACT: Media: Mike Martin, +1-585-218-3669, or Kevin Harwood, +1-585- 218-3666, or Investor Relations: Bob Czudak, +1-585-218-3668, all for Constellation Brands, Inc./ MJ -- NYTH005 -- 5983 10/05/2006 07:15 EDT