The Buzz
All markets and investing news all the time

Jessica Simpson Womens Monterey Blue, Suede Closed Toe Mid-Calf, Dusk Simpson 27789 Blue, Size 5.0 abac07b




Item specifics

Condition:
New with box: A brand-new, unused, and unworn item (including handmade items) in the original packaging (such as ... Read moreabout the condition
Brand: Jessica Simpson
Material: Suede Style: Mid-Calf Boots
Pattern: Solid Width: Medium (B, M)
Occasion: Casual Color: Blue
US Shoe Size (Women's): 5 Heel Type: Wedge
UPC: 079092900727

Jessica Simpson Womens Monterey Blue, Suede Closed Toe Mid-Calf, Dusk Simpson 27789 Blue, Size 5.0 abac07b - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Jessica Simpson Womens Monterey Blue, Suede Closed Toe Mid-Calf, Dusk Simpson 27789 Blue, Size 5.0 abac07b
Jessica Simpson Womens Monterey Blue, Suede Closed Toe Mid-Calf, Dusk Simpson 27789 Blue, Size 5.0 abac07b - hollisbaker.com

The beer trade has been a good one for Constellation.

Bottoms up! Constellation is cashing in on America's love affair with Corona.

Shares of Constellation Brands (STZ) opened sharply higher Wednesday after the beer and wine company reported strong quarterly results, although the stock has now fallen back.

The buzz kill came after Constellation executives said on a conference call with analysts that the cost of expanding a brewery in Mexico would be much higher than previously expected.

The company raised its estimate for the cost of upgrading its Nava brewery to a range between $900 million and $1.1 billion, up from the previous estimate of between $500 million to $600 million. So far, Constellation has spent about $140 million on the brewery.

Robert Ryder, Constellation's chief financial officer, tried to put a positive spin on the news.

"Despite the increased cost to build out the brewery, our improved commercial results should keep our cash flow and delivering goals intact," he said.

Constellation said net income surged 92% in the fourth quarter to $157 million, or 79 cents per share. Analysts were expecting the company to report earnings of 76 cents per share, according to FactSet.

Corona is the best-selling imported beer in the United States, according to Constellation CEO Rob Sands.

Sales rose to nearly $1.3 billion, thanks largely to about $600 million from Crown, the division that distributes Modelo brand beers, including Corona, in the United States.

"We had a great year, driven by our beer business," Sands told analysts on a conference call today.

Constellation paid $5.3 billion to take full control of Crown last year as part of a complex deal between Anheuser-Busch InBev (BUD) and Mexico's Grupo Modelo.

The deal was held up in court after the U.S. government sued to block it over anti-competitive concerns. But regulators relented after AB InBev and Modelo gave Constellation "perpetual rights" to distribute the popular Corona beer in the U.S. market and tossed in a major Modelo brewery.

Related: Why six-packs are pricier in some markets

So far, Constellation's bet on Mexican beer is paying off.

Net sales in the beer segment rose 13% in the fourth quarter " due to volume growth driven by strong consumer demand," the company's report states.

The strength in beer helped offset softness in sales of wine and spirits, which grew only 1% in the quarter.

Constellation expects beer sales to continue growing in its current fiscal year and is looking for income to grow "in the low to mid 20 percent range."

That should lead to better-than-expected earnings. Constellation is now targeting earnings of between $3.75 to $3.95 per share for the full year, which would translate to earnings growth of up to 27%.

Jessica Simpson Womens Monterey Blue, Suede Closed Toe Mid-Calf, Dusk Simpson 27789 Blue, Size 5.0 abac07b

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Jessica Simpson Womens Monterey Blue, Suede Closed Toe Mid-Calf, Dusk Simpson 27789 Blue, Size 5.0 abac07b - hollisbaker.com
About This Author
Jessica Simpson Womens Monterey Blue, Suede Closed Toe Mid-Calf, Dusk Simpson 27789 Blue, Size 5.0 abac07b - hollisbaker.com
Ben Rooney
Staff writer, CNNMoney

Ben Rooney is a staff writer for CNNMoney. He covers the European debt crisis and other international finance stories, in addition to writing about stocks, bonds, investing and other Wall Street-related news. Follow Ben on Twitter: @ben_rooney

To view my watchlist

Not a member yet?

Sign up now for a free account
Contributors
Stupid Stock Move of the Day
#StupidStock Move of the Day! Yes, Urban Outfitters may be finally turnings things around. But $URBN up 17%? Seems a bit excessive, no?
Most Popular
You won the $1.5 billion Powerball! Here's your tax bill
 
Pour La Victoire Womens Shoes Size 7 Beige Suede Shearling Ankle Boots , BOC by BORN Brown Suede Mid Calf Boots Bucklel Faux Fur Lining SZ 7.5 $120CYNTHIA POWLEY BLACK LEATHER KNEE HIGTH, WOMAN BLACK BOOTS 36.5, LAINEY BLACK , Women Cup Heel Boot Booties Mid Pumps Round Toe Ankle In Black Maison , NEW Banana Republic Womens Gayle Open Toe Boots High Heels Ankle Black 9.5 $198 , CAT by Caterpillar Womens Display Model Kersten Ankle Boot Paprika Leather 5.5 M , Wanted Shoes Womens Crowley Closed Toe Mid-Calf Combat Boots TAN Size 8.5 , Boots MAM'ZELLE chaussure compensé à talon femme botte montante chelsea CUIR 39 , LUCKY BRAND EESA women booties (5.5 M, Chipmunk Hilary) , Pajar of CanadaWaterproof ALINA Boot - COGNAC Women's US SZ 7.5-8 , Vaneli Vintage Color Block Patchwork Boots Suede Flat Size 7Khombu Altam-WP Cold Weather Waterproof Boots Shoes Black 6 MTORRID $79 Gray Faux Leather BOOTS Womens US 11.5 W WIDE CALF Knee High Zip NEW , L'Autre Chose Olive Canvas & Brown Leather Knee High Boots Size 37 US Size 7 , AG530 FRANCESCO MILANO shoes light brown leather textile women ankle boots , bottines boots shoes United Nude FOLD MID Boots à talons black noire TBE designMadison Harding Susan Women's Brown Wedge BootieClarks Dara 84950 Black Leather Zip-Up Comfort Ankle Boots Shoes Women's 7.5 NNew Carhartt Romeo Size 7.5 M CWS4177 Embossed 4" Women’s Work Boot RETAIL $109 , New Ralph Lauren women's Mikelle leather brown bootsKelsi Dagger Zidane Women's Black Bootie , Bottes CLIF Cuir Noir T 41 TBEVINTAGE Bottes FELIX Tout Cuir Beige Marron ITALY T 37,5 TBEVia Spiga Ophira Over the Knee Boot -Size 7AH329 KEYS US 9 shoes brown leather women bootsGAS - BOTTES GENOUX CAVALIERE CUIR MARRON 38 - EXCELLENT ETAT , Vince Camuto Bashan Over-the-Knee Leather Boot DEEP SUGARPLUM 9.5W NEW 569-856 , Original Intention Women's Fashion Ankle Boots Pointed Toe Warm Faux Fur ShoesBottine M.TOZZI chaussure à talon femme botte cavaliére motard western CUIR 40
Powerball winner can stay anonymous, judge rules
 
Counterfeit goods market is booming and becoming more dangerous
 
Kodak ditches digital cameras, will focus on photo printing WOMENS LUCKY BRAND COWBOY LEATHER BROWN BOOTS SIZE 7 , Dirty Laundry Womens Too cute Peep Toe Ankle Fashion Boots, Sand Suede, Size 9.5 , Chinese Laundry GLAMOUR Snake Stretch Fabric Knee High Boots Purple Size 9 M , Student High-Heeled Martin Boots Bare Boots Women's Shoes Thick Short BootsJuicy Couture Jcmareen BLACK Size 8 Boots BRAND NEW W/BOX RETAILS $89.99Dolce Vita Boots Black Motorcycle Suede Leather harness 6.5 Women's Tall , CORSO COMO SUEDE ANKLE HEEL BOOTS NEW SIZE 9.5 , Selby Black Leather Buckle Ankle Boots size 10N Booties Wrap Low HeelWomen's VANELi Jason Black Oasis Ankle Boot Size 6.5 M , Charles by Charles David Womens Gunter Over the Knee Boots Retail $159 size 10JOULES WELLY PRINT WOMEN'S TALL RAIN BOOTS navy/pink polka dots US size 9 , L'Artiste Emese Boots, Women's Size 39 (US 8.5), Brown , Patent Leather Boutique Nordstrom Mayne Boot Sz 9 , Lucky Brand Mid Calf Boots 8.5 Tan Suede NWOT Detailed Stitching , Gentle Souls Womens Ballet Flat- Pick SZ/Color.WOMENS SAM EDELMAN Rubber Rain Boots Black Gloss Chelsea Tinsley Ankle Booties 5New Badgley Mischka Gigi BHLDN Ivory Crystal Embellished Ivory Flats Size 11 7.5 , TORY BURCH Size 9M Black Quited Leather Gold Logo Trim Accent Amy Style HeelsSperry Womens Coil Ivy Leather Closed Toe Oxfords Grape Size 7.5FRYE Charlotte Ring Clogs Mules Tan NEW NIB 8.5 , Women Vogue Platform Hollow Out Sneaker Wedge Heels Shoes Youth ZsellVaneli Sport Anemone Black Eal Print Suede Slip On Driving Loafers Shoes Sz 6.5K-Swiss Women's Aero Trainer Sneaker Vanilla Ice/White Size 6.0 , ASICS Womens Gel-Kayano 23 Silver/PinkGlow/ParachutePurple Running Shoes SizeJustin Black Leather Roper Cowboy Boots Size 7 B Style L3703 , Nwob platform mid ankle high boots sz 8 lined within & edge green color , Dolce Vita Black Riding Boots 6.5Via Pinky Collection KAYLIN Black Quilted Gold Chain Riding Insulated Boots Sz10 , NEW MAX MARA MM41 Nude Perforated Suede Leather Sneakers Shoes size 36 US 6 , Womens DANSKO Size 39 Black Leather Stapled Professional Clog Shoes
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Jessica Simpson Womens Monterey Blue, Suede Closed Toe Mid-Calf, Dusk Simpson 27789 Blue, Size 5.0 abac07b Boots
5359103
7153120
7493979
7946896
12585022
12848576
12980348
14124947
17540422
Powered by WordPress.com VIP.