The Buzz
All markets and investing news all the time

Jeffrey Campbell 5.5 Gray 5sfg-15561 Suede Heel Leather Booties Hanger 5.5 Ankle Boots Chunky Heel 4b10ae1

Item specifics

Condition: Pre-owned :
An item that has been used or worn previously. See the seller’s listing for full details and description of any imperfections.See all condition definitions- opens in a new window or tab
Seller Notes: Has some spotting and light fraying pictured
Modified Item: No Pattern: Solid
Style: Booties Color: Gray
Boot Shaft Height: Ankle Occasion: Casual
US Shoe Size (Women's): US 5.5 Brand: Jeffrey Campbell
Heel Height: High (3 in. and Up) Toe Type: Round Toe
Material: Leather Heel Type: Chunky
UPC: Does not apply

Jeffrey Campbell 5.5 Gray 5sfg-15561 Suede Heel Leather Booties Hanger 5.5 Ankle Boots Chunky Heel 4b10ae1 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Jeffrey Campbell 5.5 Gray 5sfg-15561 Suede Heel Leather Booties Hanger 5.5 Ankle Boots Chunky Heel 4b10ae1
Jeffrey Campbell 5.5 Gray 5sfg-15561 Suede Heel Leather Booties Hanger 5.5 Ankle Boots Chunky Heel 4b10ae1 -

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%.

Jeffrey Campbell 5.5 Gray 5sfg-15561 Suede Heel Leather Booties Hanger 5.5 Ankle Boots Chunky Heel 4b10ae1

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Jeffrey Campbell 5.5 Gray 5sfg-15561 Suede Heel Leather Booties Hanger 5.5 Ankle Boots Chunky Heel 4b10ae1 -
About This Author
Jeffrey Campbell 5.5 Gray 5sfg-15561 Suede Heel Leather Booties Hanger 5.5 Ankle Boots Chunky Heel 4b10ae1 -
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
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
Dav Rainwear Size US 6 Black Ankle Bootie Liverpool Weather Rain BootsSalomon B52 Waterproof Cold Weather Boots Women's size 6 Tan/Cream , Vince Camuto Felishan English Taupe Tye Dyed Leather Ankle Bootie Size 8 WG.I.L.I. Leather Chelsea Boots - Baldwyn pick size color new , Merrell Brown Suede Womens Knee High Size 7.5 Winter Boots 38EurAll Saints Women’s Boots Sz 38 Rough Out Brown Tall Distressed Harness ZipBORN Brown Knee High Leather Boots Size 7.5 , NEW WALKING CRADLES ELITES Cajun Tobacco Leather Side Zip Booties Retail $190Adrienne Vittadini Pelli Platform Quilted Shooties 170, Black, 7.5 US , AQUATALIA Taupe Suede Leather Side Zip Ankle booties Boots Womens Size 8GUESS Georges Marciano Vtg 80's 90's Leather Suede Ankle Cowboy Boots Mules Sz 7 , Clarks Emslie Warren Ankle Booties - Women's Size 8.5 M, BlackTommy Hilfiger Drama Round Toe Brown Leather Bootie Size 8Vintage DOLCE & GABBANA black rubber and leather,knee high rain boots size 40CHARLES DAVID Celo Gray Leather Heels Belted Booties Ankle Boots Size 6.5 , Merrell Continuum Women Winterlude Zip Hiking Trail Boots size 10 - B8Vintage Doc Dr Martens Boots Oxfords Gibson Black Women's 6.5 Punk Goth PlatformSPERRY Top-Sider womens Pelican III Quilted TALL RAIN BOOTS US 6FREE SHIP SheSole WomensCowboy Boots Western Country Wedding Shoes Size 6-11Pajar-Tex Sirio Brown Bronze Faux Fur Winter Boots Size 40EU/US 9Women's Shoes Franco Sarto A-Linden Fashion Ankle Bootie Black Leather Size 10M , NIB COLUMBIA POWDER SUMMIT MID BOOTS Sz 7White Mountain Deering Peep Toe Booties, Women's Size 7.5M, TaupeWomen’s BORN Chyler Black Leather Mid Calf Ankle Bootie Zip Buckle Boots 7.5 , Calvin Klein Black Suede Bootie d'Orsay gold buckle pointed toe sz 9 stilettoNine West Brown Suede Leather Slouch Booties Boots Heels - NWOT Size 6.5 - $175 , The North Face Women's Winter Hiking Boots Size 6 US , Matisse Suede Leather Shearling BROWN SUGAR Booties in Cognac size 6M EUC , Nine West SZ 11 M Cadence Pointed Toe Bootie Black Boot Faux Suede Womens NEW ,
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 $89 size 7 Material Girl Capri Cognac Knee High Womens Boots NEW , Jessica Simpson Black Leather Fashion Buckle Mid Calf High Heel Size 7.5 B 37.5Baretraps “Reagen” 6 M Ankle Booties Brown Synthetic Slip On Heel Women's ShoesNature Breeze Goldrush-01 Women Faux Suede Harness Buckle Chunky Heel BootieNew BOGS Plimsoll Prince of Wales Mid Rain Boot Raisin 37/6Vince Camuto Womens 9.5 Booties Open Toe Heeled Tan Ankle Booties Leather UpperWomen's Nine West Blk Boots New 8 , New Nine West PACIFIKA Womens Suede Leather Boot Taupe 9M, 9.5M, 11M, MSRP$149 , New Gianni Bini Gray Leather Embellished Ankle Bootie Size 7.5 Casual FallSbicca Vitalo Stacked Heel Slip On Booties, Women's - Size 6, Black , Bamboo Twisty 01M White Faux Leather Women's Platform Shin High Bootie , Women Two Colors Knee High Boots Zipper Low Block Heel Round Toe Leather Shoes , Salvatore Ferragamo Womens Hickory Brown Leather Belted Ankle Boots Size 9.5 B , Nine West Women's Iryna Black Fabric Boot Size 8.5MSam Edelman Womens Mona Boot- Pick SZ/Color.CAMPER women shoes sz 8.5 Europe 39 black leather S7181Kenneth Cole Womens Vivian Closed Toe Ankle Fashion Boots Black Size 7.0 ZUKm , dav Women's Hampton Tweed Rain Boot, Black, 9 Medium US , ED By Ellen DeGeneres Susumu Leather Ankle Boots Gray Sz 7.5 , crocs Womens Tall Rain BootUS/- Pick SZ/Color. , Here / Now NWT Heather Suede Fox Fur Pom Pom Slip On Sneakers Flat Size 6.5 GrayNWOB Diadora N-6100-3 Women's Running Shoe black gray silver Size 7 US , Cole Haan Women's Tali Bow Stud Loafer, Red Velvet, 7.5 B US , SANRIO Hello Kitty x T.U.K. Mondo Sole Creepers: Double Size 10 NEW W BOXJCrew $188 Charlie Loafers in Wool Flannel Sz 7 Heather Charcoal Shoes F8007 AVL , NEW Wmn Nike FREE TR FlYKNIT "METALLIC" US szs: 5.5; 6.5 Training Run 804534-001Ryka E4868N1401 Womens Illumine Walking Shoe- Choose SZ/Color.SKECHERS Performance Womens 13510 Skechers Go Walk Slip on Shoe size 7.5 , New Womens Ankle Boots Bowknot Block Heels Slide Zip Casual Round Toe Shoe SizeWomens Ladies Military Buckle Mid Calf Ankle Zip Slouch Boots Biker Combat Shoes
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Jeffrey Campbell 5.5 Gray 5sfg-15561 Suede Heel Leather Booties Hanger 5.5 Ankle Boots Chunky Heel 4b10ae1 Boots
Powered by VIP.