The Buzz
All markets and investing news all the time

Vionic Women's Vionic Splendid 27792 Midi Women's Snake Slip-on Sneaker Merlot Snake 8.5 M 29ea1d9

Item specifics

New without box: A brand-new, unused, and unworn item (including handmade items) that is not in original packaging or ... Read moreabout the condition
UPC: 696230154905
Weight: 2.1 lbs EAN: 0696230154905
Dimensions: L 12 x W 7.5 x H 4.8 inches Brand: Vionic
PartNumber: 10010162-930 MPN: 10010162MRLTSNK8.5M
ISBN: Not Applicable Binding: Shoes
Style: Not Applicable Color: Merlot Snake
US Shoe Size (Women's): 8.5 B(M) US Department: womens

Vionic Women's Vionic Splendid 27792 Midi Women's Snake Slip-on Sneaker Merlot Snake 8.5 M 29ea1d9 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Vionic Women's Vionic Splendid 27792 Midi Women's Snake Slip-on Sneaker Merlot Snake 8.5 M 29ea1d9
Vionic Women's Vionic Splendid 27792 Midi Women's Snake Slip-on Sneaker Merlot Snake 8.5 M 29ea1d9 -

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%.

Vionic Women's Vionic Splendid 27792 Midi Women's Snake Slip-on Sneaker Merlot Snake 8.5 M 29ea1d9

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Vionic Women's Vionic Splendid 27792 Midi Women's Snake Slip-on Sneaker Merlot Snake 8.5 M 29ea1d9 -
About This Author
Vionic Women's Vionic Splendid 27792 Midi Women's Snake Slip-on Sneaker Merlot Snake 8.5 M 29ea1d9 -
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
Josef Seibel Women's Caspian Sneaker, Platino, 37 EU/6-6.5 M US , Aravon Women's Francesca Flat,Black,8.5 D US , FitFlop Women's Superskate Lizard-Print Suede Loafers Flat, Black, 10 M USLoeffler Randall LOEFFLER RANDALL Womens Miko Mirror Leather Fashion Sneaker , Charles Philip Shanghai Women's Olimpia Belgian Loafer, Black Denim, 6.5 M USWoman by Common Projects Navy Leather Pointed Toe Flat Sandals 40/10~RTL$390Seychelles Women's Backpacking Ballet Flat, Platinum, 10 M US , Drew Shoe Women's Haley Suede Casual Booties Brown Suede 8 B(M) US , Miz Mooz Women's Maria Ballet Flat, - Choose SZ/ColorAdrianna Papell Women's PRINCE Slip-On Loafer, Black, 7.5 M US , Alegria Women's Classic Black Delicut Leather Clogs & Mules 8 BM USRomika Women's Cassie 24 Black Loafer 36 US Women's 5-5.5 B M521110 femme airstep - as98 521110 , Kelsi Dagger GWENSL Brooklyn Womens Gwen Slip-On Loafer- Choose SZ/Color. , CLARKS Women's Wave Groove Walking Shoe Black Leather 6.5 M USNina Originals Women's Action,Black Patent Leather,US 7 MTSUBO Noma women's city shoes boots leather US 5.5 (rrp:)El Naturalista NC06 IBON / OCTOPUS Womens Octopus ropean- Choose SZ/Color. , Haflinger Women's Gz Kris Flat, Spruce, 41 EU/10 M US , Birkenstock Boston Black With Black Shearling Suede Clogs 42 N (US Women...FitFlop Women's Gogh Moc Open-Back Clog , P.W. Minor Women's Tribeca Black Leather 10 MSAS Women's, Clog Slip ONS Black 8.5 WBar III Tristan Women's Casual Black 8 B(M) US , FRYE Women's Melanie Slip-on Fashion Sneaker Cognac-71146 8 B(M) US , CLARKS Unstructured Women's Un.Loop Slip-On Shoe Black Patent Leather 8 B(M) US , Dolce Vita Women's Maura-F Mule - Choose SZ/Color , Cole Haan W06123 Womens Grand Tour Oxford- Choose SZ/Color.Mephisto Womens YOANA-845 Yoana 40.5 (US- Choose SZ/Color. ,
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 IKRUSH Womens Tasha Buckle Knee High Boots , Women's cowboy western style boots Size 4 Brown Cat & JackJUSTIN Burgundy Leather Cowboy Western Roper Boots Size 7 B Style L3068 USA , New Via Spiga Womens Kali Black Leather Ankle Strap Knee High Riding Boots 9.5 , Brown Slouch Knee Boot Top Fur Round Toe Us Women Size 5Life Stride Loften Ankle Boots - Women's Size 6 M, Taupe , Aerosoles Craftwork Tall Boot - Women's Size 7.5 Brown , ROCK & CANDY Womens Spraypaint Q Fabric Closed Toe Ankle TCHFX Size 6.0 QCMj , BCBGMAXAZRIA 6M LEATHER EMBOSSED STILLETO BOOT BOOTIE New!Alfani New Vandela 2 Black Womens Shoes Size 7.5 M Boots MSRP $115 , T.U.K. Unisex V6804 Creeper Oxford Black Size 3.0VIA SPIGA SUEDE PLATFORM KNEE-HIGH BOOTS IN GRAY EXTRA HEEL TIPS ELEGANT 37.5 , Versace 19.69 V100 CALF CASTAGNA Classic Shoes Women's Brown US , Ladies Rieker Slip On Pumps L3051 , Alexander McQueen Black & White Box Calf Leather Platform Loafers SZ 37Saint Laurent Monogram Espadrilles in Leather. Color White, Size EU37 / US7 , Paris Hilton Shoes Women Wedges Green 89511 BDT SALE , New Balance Women's 518V1 Cross TrainerECCO FLEX ZONE BEIGE LEATHER WOMENS ATHLETIC SHOE SIZE 8 / 39 , Ted Baker Kerriy Stardust Fur Womens Navy Gold Textile & Synthetic Loafers , Cole Haan Air Genie 6 Ballet Flats Black Suede Leather Silver Buckle , $150 NWOB Bloch Cali Isis/Opalescent Flats Women's US 6, MediumNew Balance Women's 860V8, Grey/Red, 8 W USUnder Armour Womens modern court Low Top Slip On Fashion SneakersAvec Les Filles Women's Alise Sport Sandal Grey Size 8.5 , Reebok Women's Classics Princess Lite Black Shoes NEW , NIKE PEGASUS 29 TRAIL GRAY PURPLE WOMENS SUPERCLEAN SZ 8.5NEW Steven by Steve Madden Rose Gold Peyton Metallic Leather Sneaker 7.5 , Under Armour Women's Charged Escape Running Shoe, - Choose SZ/colorWOMEN'S DANSKO MATTE BLACK PROFESSIONAL CLOGS SHOES SIZE 35
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Vionic Women's Vionic Splendid 27792 Midi Women's Snake Slip-on Sneaker Merlot Snake 8.5 M 29ea1d9 Flats
Powered by VIP.