The Buzz
All markets and investing news all the time

Andrew Charles ballerina D126 US VERNICE NERO CAMOSCIO NERO ballerina NERO shoes Women's Black US 0c9455f

Item specifics

New with box: A brand-new, unused, and unworn item (including handmade items) in the original packaging (such as ... Read moreabout the condition
Brand: Andrew Charles By Andy Hilfiger
Season: Spring/Summer Country/Region of Manufacture: Italy
Size Type: Regular Gender: Women's
Sole: 100% RUBBER Hell Height: 4 cm
Style: Ballerina shoes Material: 80% suede leather + 20% Calfskin
Type: Ballerina shoes Model: D126 VERNICE NERO CAMOSCIO NERO
Theme: See description

Andrew Charles ballerina D126 US VERNICE NERO CAMOSCIO NERO ballerina NERO shoes Women's Black US 0c9455f -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Andrew Charles ballerina D126 US VERNICE NERO CAMOSCIO NERO ballerina NERO shoes Women's Black US 0c9455f
Andrew Charles ballerina D126 US VERNICE NERO CAMOSCIO NERO ballerina NERO shoes Women's Black US 0c9455f -

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%.

Andrew Charles ballerina D126 US VERNICE NERO CAMOSCIO NERO ballerina NERO shoes Women's Black US 0c9455f

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Andrew Charles ballerina D126 US VERNICE NERO CAMOSCIO NERO ballerina NERO shoes Women's Black US 0c9455f -
About This Author
Andrew Charles ballerina D126 US VERNICE NERO CAMOSCIO NERO ballerina NERO shoes Women's Black US 0c9455f -
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
Easy Spirit Neota Women's Pewter Leather Oxford Flats Size 10 MJESSY CREAM LMSP70 Womens Shoes Size 7.5 M Eur 5 Leather Slip On Flats MephistoNEW J.CREW AUDREY FLATS IN RATTI GRAPHIC DIAMOND PRINT 8.5 GREEN BROWN G7882FABIENNE LIGHT GRAY LMSP70 Women's Shoes Size 7.5 M Suede Flats Mephisto , *THE PERFECT!* Rebecca Minkoff Black Gilles Espadrilles sz 9 w/ Studs!!! , JENYFER IRI PINK LMSP70 Women's Shoes Size 7 M (Eur 4.5) Suede Flats MephistoLADIES WOMENS BLACK CLARKS CANDRA GLARE WIDE COMFORTABLE FLATS WORK CASUAL SHOESCLARKS WOMENS GOLD LEATHER BLANCHE WEST SLIP ON SHOES SIZE UK5 EUR38 US7.5 , ASH Intense Bis (Light Silver/White/Grease/Nappa Wax) Women's Flat Shoes 7 M , NEW Fossil Flat Leather Shoes Butterfly FFW4376 Sizes 9 and 9.5 Available , NEW LADIES WOMENS CLARKS INDIGO CHARM LEATHER DRESS/WORK/CASUAL SHOES , Womens Kickers Kick Lo Classic Leather Office Work Ankle Boots ShoesKlogs Womens Naples Black Nurse Medical Clogs Sneakers 11 Medium (B,M) BHFO 9733 , NWOB Cole Haan Women's Monique Ballet Flats W09483 Black Leather $150 - 6MVANESSA BRUNO Ballet flats UK8.5 | US/AU 10 | EUR41 , Clarks 37201 Hope Roxanne Slip-On Loafers Womens Brown , Salvatore Ferragamo Suede Black Driving Moccasin Loafers Shoes Italy REDUCED!Tod's Women's Blue Loafer Size US7M , Rupert Sanderson Blue Suede Pointy Ballerina Flats - Size 36Ivanka Trump Tevelin Women Cisa Black Sued Pointed Toe Flats Sandal US 9.5 M , DANSKO XP 38 MATTE BLACK LEATHER CLOGS WOMEN USA SIZE 7.5-8Fitflop Womens Superskate Slip Ons Tassel Mule Shoes, Black Glimmer, US 11Womens Clarks Haley Cortland Black Pink 67214 , NATALA DARK BROWN LMSP70 Womens Shoes Size 7.5 (Eur 5) Leather Slip On Mephisto , Rieker Slippers Sneakers Low Shoes Trainers Ballerina White L3263 NEWNIB $ 220 Baldinini Women's Light Sandals Nude 7.5 US (38 Eu) 768854 ItalyLADIES SHOES/FOOTWEAR - Cabello slip ss on black shoe size 39/8 , Womens Sz 7.5 MERRELL Slip on Clogs Jovilee Slide Shoes Black Leather J178616CEMPORIO ARMANI sz 36 womens suede Leather Driving shoes [#F165] ,
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 LADIES WOMENS OVER THE KNEE THIGH HIGH STRETCHY LYCRA STILETTO HEEL BOOT 3-8 , Ecco Chelsea Slip On Stretch Panel Black Leather Boots Size 40 Shoes , Womens Graffiti Short Ankle Elastic Slip On Chelsea Waterproof Size 9 , KAREN SCOTT (VIOLETT DARK BROWN BOOT) WOMENS SIZE 7 NEW!!! , $119 DV DOLCE VITA PANSY Taupe Suede Leather Designer Wedge Ankle Boots 8.5 , Cowboy Cowgirl Boots Womens 6.5 Brown White Brazil Leather Pointed Toe ShoesApepazza Shoes Size 8M Slip on Studded Mules Brown Fur LinedWOMEN sz6.5B CINCH WRX LEGEND WXW136 BROWN LEATHER SLIP ON WORK ANKLE BOOT XLNT!New Sam Edelman 'Petty' Taupe Suede Zip Ankle Boots Women's Size 6.5 M*DEMONIA CRE602S/B Women's Punk Gothic Low Platform Black Suede Creepers Shoes , Splendid Raina Round Toe Suede Beige Wedge Booties Size 6M Reg$168New Tory Burch Reva Black/Ivory Mojave/Cobra Print Leather Ballet Flat 9.5 $235 , Skechers 49354 Womens Washington-Tacoma Flat- Choose SZ/Color. , $595 New Charlotte Olympia Charlottes Web Embroidered Velvet Shoes Flats Red 40$395 Ferragamo My Joy Black Patent Leather 5/5.5/6/6.5/7/7.5/8/8.5/9/9.5/10 "B"CHRISTIAN LOUBOUTIN Follies Strass Crystal Ballet White Patent Shoe EU38 , STUART WEITZMAN & CO. Flippy Women Flat (8M, BLUE)ASICS Womens Gel-Nimbus 19 Carbon/White/FlashCoral Running Shoes Size 11.5 , Adidas Climacool Sleek Green Boat Fashion Shoes 10Pierre Cardin 1154102 Women's Slip On Penny Loafers Moccasins Glitter Yellow , Nine West Women's Batoka Leather Ballet FlatNew Cappuccino - Hand Crafted Leather Moroccan Slip-On , Skechers Women's BOBS Highlights Set Sail Espadrille Black Espadrilles , Marc By Marc Jacobs Jeans MJ Print, Women’s Shoes, Size 8.5M , Easy Spirit Women's Traveltime Slip-on White/Light Blue Leatheradidas Originals Women's Barricade Court Tennis Shoes - Choose SZ/Color , Womens Skechers Flex Appeal 2.0 Tropical Breeze Gym Memory Foam Sneakers US 6-11 , NIKE WOMENS TANJUN ENG RUNNING SHOES (BOX NO LID )NEW 10M Womens Black Fashion Boots MOOTSIE TOOTSIE Zipper Side Faux Fur TopKenneth Cole New York Women's Ashby Pearl Platform Slip-ON Sneaker W/ Faux ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Andrew Charles ballerina D126 US VERNICE NERO CAMOSCIO NERO ballerina NERO shoes Women's Black US 0c9455f Flats
Powered by VIP.