Posted by admin | Posted in Juicy Couture | Posted on 02-07-2010
Tags: Paul Smith, Primp
,Paul Smith
OUTLOOK: Constellation bumped up its downbeat forecast for full-year adjusted earnings by 10 cents per share to $1.63 to $1.78 per share.
REASONS: The alcoholic-beverage company took a hit from sliding sales of imported beer as well as weaker demand for wine in U.S. bars and restaurants.
RESULTS: Constellation Brands Inc.’s first-quarter net income jumped to $49.1 million,Primp, or 22 cents per share. Excluding one-time items, Constellation earned 38 cents per share. Its revenue edged down 0.5 percent to $787.5 million.