The Buzz
All markets and investing news all the time

NEW JEFFREY CAMPBELL $135 SZ BLACK BAIRD 26886 BROCADE localjoes-26896 LUG SHOES SZ 5 6693ada




Item specifics

Condition:
New without box: A brand-new, unused, and unworn item (including handmade items) that is not in original packaging or ... Read moreabout the condition
Style: Lugs
Brand: Jeffrey Campbell US Shoe Size (Women's): 5
UPC: Does not apply

NEW JEFFREY CAMPBELL $135 SZ BLACK BAIRD 26886 BROCADE localjoes-26896 LUG SHOES SZ 5 6693ada - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
NEW JEFFREY CAMPBELL $135 SZ BLACK BAIRD 26886 BROCADE localjoes-26896 LUG SHOES SZ 5 6693ada
NEW JEFFREY CAMPBELL $135 SZ BLACK BAIRD 26886 BROCADE localjoes-26896 LUG SHOES SZ 5 6693ada - 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%.

NEW JEFFREY CAMPBELL $135 SZ BLACK BAIRD 26886 BROCADE localjoes-26896 LUG SHOES SZ 5 6693ada

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
NEW JEFFREY CAMPBELL $135 SZ BLACK BAIRD 26886 BROCADE localjoes-26896 LUG SHOES SZ 5 6693ada - hollisbaker.com
About This Author
NEW JEFFREY CAMPBELL $135 SZ BLACK BAIRD 26886 BROCADE localjoes-26896 LUG SHOES SZ 5 6693ada - 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
 
A de Vivre Shoes 620279 White MBIRKENSTOCK Shoes 673835 Black 24cm , Rockport Cobb Hill Women's Paulette Flat, Grey, Size 11.0Frye Carson Collapsible Silver Multi Metallic Leather Ballet sz 8MDOLCE VITA CULLEN Black Leather Designer Loafers Comfort 8.5 MLadies Padders Extra Wide Fitting Ballerina Style Shoes - Fearne , BIRKENSTOCK Shoes 673842 Black 24cm , Dansko Womens Fashion Sneaker /7.5-- Select SZ/Color. , VANELi Womens Nadette NuBuck Round Toe Loafers, Black Nabuk, Size 7.5 , French Sole Womens Jigsaw Leather Closed Toe Ballet Flats, Pewter, Size 11.0 MwYNICOLE Kaci Cordovan Wingtip Oxfords RETRO VINTAGE Loafers Womens Sz 6.5 �b1ALESSIA GRAY LMSP70 Women's Shoes Size 7 M Eur 4.5 Leather Slip On MephistoFrench Sole FS/NY Women's Passport Ballet Flat, Black, Size 5.5 1HeMTod’s Women’s Loafers Blue Sz 35/5.5 , Sesto Meucci Women's Neda Slip-On Loafer Brown Size 8.0 aEdcFrench Sole Womens radar Fabric Closed Toe Ballet Flats, Peach Cork, Size 6.0 K8ANNABELLA WHITE LMSP70 Women's Shoes Size 7 M Eur 4.5 Leather Slip On MephistoJosef Seibel Black 38 US 7.5 Mules Heels. Clark’s. Sz 7. Nice. , Womens 7.5 W Wide stuart weitzman tan alligator crocodile ballet flat shoes pumpNew Womens PU Leather Hidden Heels Shoes Platform Zip High Top Casual Sneaker SZECCO Womens Fara Closed Toe Boat Shoes Black/Black Size 8.5 eDUHClarks ARTISAN Women's Soft Black Leather Flat Mules Sandals - Size 8.5 , Spring Step Lazarina Women's Slip On , Sesto Meucci Women's Neda Slip-On Loafer, Brown, Size 8.0 aEdc , `NEW Mozo Style Womens Sports Flat Slip Green Canvas Shoes Sz 7 Eur 37Salvatore Ferragamo Bronze Leather Bow Ballet Flats Italy 9 BNurture Women's Slide Flats Glitzy Black Suede Shoes Sz 7.5 M NEW DISPLAY D7068Walking Cradles Women's Flick Shoes - Black Waxy Soft Leather - Size 8.5 W , Gentle Souls Women's Bay Unique Ballerina Multicolor Flats US Size 5.5 M $210
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 Bamboo Womens Ankle Boots SZ 6 M Pink Black Canvas 3 1/2" Heel Two Tone Sale , MADDEN GIRL IGGLOO Steve Madden Shiny Boots Black 6 M , Dexter Womens Boots Leather Brown Riding Style With Ankle Harness W Buckle Sz 6M , Sporto® Crystal Water-Resistant Suede Short Bootie Zipper GRAY 11MNIB Everybody BZ Malla Noce Brown Leather Knee High Boots New Sz 6.5 36.5Aerosoles Portrait Bootie - Women's Size 11M, GreyCAPE ROBBIN Mona KHAKI Women's Block Heel Stretchy Over the Knee Boot with , Odema Women's Mid Calf Rain Boots Buckle Side Zipper Wedge High Heel Waterpro... , Elegant OL Womens Stilettos Heels Knee High Boots Black Shoes Vogue Zip CasualZodiac USA Vtg 70's 80's Tan Boots Knee High Riding Leather Pull-On Womens 7 NNaturalizer Jenelle Boots, Women's Size 8.5 M, Banana BreadWomen's black Franco Sarto boots size 8.5 , A2 By Aerosoles In An Instant Knee High Boots - Women's Size 5 M, GrayBearpaw Black Suede Sheepskin Honey Winter NeverWet Fringe Ankle Boot NEWVince Maxwell 2 Green Womens Shoes Size 7 M Flats MSRP $225 , Alegria Keli - White - WomensEUC Anthropolgie Pilcro and the Letterpress Beetle Flats RARE Sz 8 $158 Boho , NEW DANSKO WOMEN'S ANN SLIP-ON ELASTIC SHOES BLACK METALLIC 39 9 MEDIUM $145 , Andrew Charles Womens Ballerina Bordeaux NICKIECCO Footwear Womens Aimee Sport Tie Fashion Sneaker, Black/Silver Pink, 42 M USLifeStride Women's Diverse Flat - Choose SZ/ColorStep on Air Salvador White Nappa SneakersPUMA Women's Yarra Classic WN's Cross-Trainer Shoe - Choose SZ/ColorNIKE Womens Nike Downshifter 7 Wide 881585-001 COOL GREY Size 10 , Nike Zoom Structure+ 16 Running Shoes Womens 536974 466 SZ 5 (22CM)Mizuno Women's Wave Enigma 5 Running Shoes in Wild Aster/Silver/Waterfall Sz 7.5 , Womens Floral High Wedge Platform Round Toe Sneakers Pull On Creepers Shoes D819 , Justin Black Leather Roper Cowboy Boots Womens Size 5 B Style L3703 USABirki's Butterscotch Leather Sandals CUTE !!! size 6Saucony Kinvara 8 (women's) ___ Size 8 ___ Last pair, s10356-5, everun, pink ,
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
NEW JEFFREY CAMPBELL $135 SZ BLACK BAIRD 26886 BROCADE localjoes-26896 LUG SHOES SZ 5 6693ada Flats
1005838
1399853
2458827
3284756
3512091
11371610
15006041
15402981
15548062
Powered by WordPress.com VIP.