The Buzz
All markets and investing news all the time

Beverly Feldman Multicolor Casual Dress Closed Toe Multicolor Ballet 26828 Flats Casual Shoes Sz 38C c6a1790

Item specifics

Pre-owned: An item that has been used or worn previously. See the seller’s listing for full details and ... Read moreabout the condition
Brand: Beverly Feldman
Color: Multi-Color Style: Flat shoes
Pattern: Solid US Shoe Size (Women's): 38C
Heel Type: Block Width: Medium (B, M)
Toe Type: Pointed Toe Material: Unknown
Fastening: Slip On Heel Height: Low (3/4 in. to 1 1/2 in.)

Beverly Feldman Multicolor Casual Dress Closed Toe Multicolor Ballet 26828 Flats Casual Shoes Sz 38C c6a1790 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Beverly Feldman Multicolor Casual Dress Closed Toe Multicolor Ballet 26828 Flats Casual Shoes Sz 38C c6a1790
Beverly Feldman Multicolor Casual Dress Closed Toe Multicolor Ballet 26828 Flats Casual Shoes Sz 38C c6a1790 -

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%.

Beverly Feldman Multicolor Casual Dress Closed Toe Multicolor Ballet 26828 Flats Casual Shoes Sz 38C c6a1790

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Beverly Feldman Multicolor Casual Dress Closed Toe Multicolor Ballet 26828 Flats Casual Shoes Sz 38C c6a1790 -
About This Author
Beverly Feldman Multicolor Casual Dress Closed Toe Multicolor Ballet 26828 Flats Casual Shoes Sz 38C c6a1790 -
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
Eileen Fisher Women's Coy Flat, Black, 6 M , TORY BURCH Reva Ballet Snake Print Flats Gold Medallion Women’s 5.5 usBELLE SIGERSON MORRISON Bina FLATS Womens size 9.5 B Black Shoes New in Box , Michael Kora Lola Espadrilles Blue White Floral Size 5 Preowned With boxSVEN Clogs 'No 6' Pewter Leather Open Back Platforms Size 40 US 9Dr. Comfort Merry Jane Women's Dress- Orthopedic Mary Jane- Beige 7.5 (Reg $139)Sperry Top-Sider A/O Womens Gold Metallic Snake Leather 2 Eye Boat Shoes size 8 , NEW CHACO PINELAND MOCCASIN SHOES WOMENS 10.5 J105840 FREE SHIPSTEVEN BY STEVE MADDEN ZEBRA RHINESTONE FLATS SHOES SIZE 8 1/2 W - NEWNAOT Matai Leather Mary Jane Women 8.5-9 EU39 Black Pearl Purple Suede Swirl , COLE HAAN Sabrina Ironstone Zebra Haircalf - Gray & Black - 8.5M - NEW $198 , Biege Patent Zara loafer 37 NWTJenny by ara Women's Raysel-54660 Platinum Metallic/Black Patent Size 6 MDansko Women's 0060240 Professional Brown Leather Clogs Slip On SZ 10 / 41 Shoes , Gentle Souls Hazel Fay Suede High-Top Sneaker, 10 , JIL SANDER Women's Silver Leather Ballerina Flats Shoes Size 6.5/36.5Women's Soft Science Pro Slip On Loafers , $240 JEAN MICHEL CAZABAT ROMA Black Suede Steel Designer Ballet Flats 9PAPILLIO BY BIRKENSTOCK AUDREY RED BIRKO-FELT WOMENS US 7N (3000)BAND OF OUTSIDERS Brogue Flats Size 37.5 US 7.5 Brown Leather & Red Canvas , Nine West Women's Lightning Loafers Natural Suede Size 8 M , Jessica Simpson CATALINA Platform Wedge Sandals Espadrille Leather Tan Size 10Allen Edmunds ladies 9 B driving moccasins shoes flats PINK fur lined warmth , STEVEN BY STEVE MADDEN BLACK RHINESTONE FLATS SIZE 6 M - NEW , Womens ELAINE TURNER snake print fabric ballet flats sz. 6 NEW!Jeffrey Campbell Sarika Embellished Black Gold Babouche Mule Slides Size 6 NewNWOT: Jack Rogers Rebecca Leather Flats Size 8.5MAravon WST05DB Tia Slip-on Loafer Women's Brown Leather Shoes Size: 6.5NWOB J Crew JCrew Flats Shoes 12 12M 12B 42 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 Bare Traps Womens danula Almond Toe Ankle Cold Weather Boots, Black, Size 8.0 b0 , ANISA Vintage Dark Brown Croco Print Black Leather Fashion Inlay Boots Women 5.5Dots Mid Calf Faux Leather Quilted Slip On Flat Riding Boots Shoes 11 EUCEnzo Angiolini Brown Leather Knee-high Boots , Johnston Murphy Black Distressed Suede Buckle Zip Ankle Boot Booties Women 7Bandolino Carlotta Wide Calf Riding Boots 510, Black, 6 US , Ariat Distressed Brown Leather Cowboy Boots Womens Size 6.5 B Style 15729 , Rocket Dog women's Soundoff Brown Vintage Worn 8 M USSkechers Adorbs Chestnut Womens Boots 48625 - Size: 7.5 , LUCKY BRAND Women's Ankle Boots Brown Suede Block Heel US 7(M) / , Boots women, Vintage, 90's, Vintage, Leather, Zip, US 8,Black, Nine West , STEVE MADDEN, ROVVEE KNEE-HIGH BOOT, WOMENS, BLACK LEATHER, US SIZE 6 M, DISPLAY , Sperry Top Sider Black stella prow Wedge bootie Size 8M NIBTahari Corbin Gray Womens Shoes Size 7.5 M Boots MSRP $159Call It Spring Womens Eriavia Black Over-The-Knee Boots 8 Medium (B,M) BHFO 5204Womens Gray Size 10 Suede Faux Fur Lined Button Mid Calf Winter BootsNaturalizer “Katrina” Leather Buckle Bootie Boot – Grey Gray - 10 M - NIB!Loeffler Randall Minetta Black Leather Block Heel Pointed Toe Knee Boots Sz 6.5Bottega Veneta Driver Moccasin Blue Intrecciato Suede Size 37.5 Slip-On Flat , Jimmy Choo London Women's Black Suede Pointy Toe Ballet Flats SizeSTEVEN by Steve Madden Women's Valent Slip-On LoaferSketchers Shape-Ups Optimize Tan Nubuck Women's Fitness Walking Shoe Sz 8 11801New Balance 442 Women’s Shoes Size US 9.5 Gray/Green (WL442WNC) , Skechers Women's EZ Flex 2 Slip-on Sneaker SZ 9 .5 - BlackIKRUSH Womens Gisele Faux Suede Wedged Brogue Trainer , NIB EMPORIO ARMANI $575 LEATHER FLATS SHOES SZ US 7 MADE IN ITALY , ASICS Womens Conviction X Cross-Trainer-Shoes- Pick SZ/Color.Merrell Women Trail Glove 4, Knit/Hot Coral, 8 M US , Womens Platform Wedge Heels Casual Sneakers Creepers Walking Shoes US4.5-10.5 , Women's Ladies Clarks Shoes Taylor Skies Flats
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Beverly Feldman Multicolor Casual Dress Closed Toe Multicolor Ballet 26828 Flats Casual Shoes Sz 38C c6a1790 Flats
Powered by VIP.