The Buzz
All markets and investing news all the time

Hot Retro Womens 8007 Leather Fur Backless Fur Warm Shoes Slippers Flat Metal Decor Shoes New 40f6953




Item specifics

Condition:
New with box: A brand-new, unused, and unworn item (including handmade items) in the original packaging (such as ... Read moreabout the condition
Brand: Unbranded
Heel Height: Flat (0 to 1/2 in.) Style: Cowboy, Western
Occasion: Casual US Shoe Size (Women's): 9
Pattern: Solid Country/Region of Manufacture: China
Width: Medium (B, M)

Hot Retro Womens 8007 Leather Fur Backless Fur Warm Shoes Slippers Flat Metal Decor Shoes New 40f6953 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Hot Retro Womens 8007 Leather Fur Backless Fur Warm Shoes Slippers Flat Metal Decor Shoes New 40f6953
Hot Retro Womens 8007 Leather Fur Backless Fur Warm Shoes Slippers Flat Metal Decor Shoes New 40f6953 - hollisbaker.com

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%.

Hot Retro Womens 8007 Leather Fur Backless Fur Warm Shoes Slippers Flat Metal Decor Shoes New 40f6953

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Hot Retro Womens 8007 Leather Fur Backless Fur Warm Shoes Slippers Flat Metal Decor Shoes New 40f6953 - hollisbaker.com
About This Author
Hot Retro Womens 8007 Leather Fur Backless Fur Warm Shoes Slippers Flat Metal Decor Shoes New 40f6953 - hollisbaker.com
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
Contributors
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
 
Womens Punk Buckle Rivet Spiked High Platform Creeper Wedge Heels Boots Shoes UYWomens Board Shoes Slip On Rhinestone Casual Outdoor Pointed Toe Suede FashionPlatform Women's Shoes Creepers High Wedge Heels Strappy Pumps Running Sport Hot , Chic Womens Shiny Patent Leather Slip on Loafers Casual Oxfords Creepers Shoeswomens fashion rabbit fur winter warm loafers shoes slip on flat heel bucke ShoeWomens Patent Leather Pearls Stylish Lady Flats Slip On Loafers Shoes Plus SizeWomen Mary Janes Pumps Velvet Ankle Buckle Strap Casual Fashion Shoes Wine BlackWomens Bees Floral Printed Low Chunky Block Heel Pearl Slip On Pumps Shoes OL SZ , Womens Genuine Leather Loafers Casual Shoes metal Shoes Slip On Stylish Shoes SzWomens Winter Low Heels Slip On Metal Chain Shoes Fur Winter Ankle Boots Shoesfashion leisure Flats pointed bowknot Shallow Mouth Patent leather Womens Shoes , New Womens Fashion Sweet Mary Jane Rhinestones Bowknot Boat Shoes Casual LoafersNew Alluring Flats leisure pointed Slip on Slip on Genuine leather Womens Shoes , Stylish Womens Closed-Toe Leather Embroidery Slippers Casual Mules Loafers Shoes , Womens Leather British Casual Shoes Metal Chain Square Toe Flats Slip On Loafers , New Womens Square Toe Cow Leather Flats Loafers Casual Slippers Mules Shoes HotRetro Ladies Wing Tip Mid Block Hidden Heels Brogue Oxfords Dress Shoes British , New Womens Fur Furry Round toe Slip on Loafers Winter Warm Casual Slippers ShoesWomens Leather Round Toe Brogue Creepers Platform High Wedge Heels Casual ShoesWomen Leather Low Block Heel Slip on Loafers Square toe Casual Shoes Plus SZ4-13 , Ladies Sweet Loafer Flat Leather Stars Slip ON Casual Stylish Round Toe Shoes szWomens Sports Shoes Flats Round Toe Pull on Cross Strappy Stretchy Casuals ShoesWomens Flats Color Stitching Patent Leather Loafers Soft Pull On Casual Sneaker , Womens Winter Warm Fur Flats Buckle Slip On Oxfords Casual Heels Shoes LoafersWomens Oxfords Casual Loafers Shoes Metal Bee Square Toe Moccasins Mules Slip on , Roman Womens Hollow Out Flats Open Toe Rivets Sandals Slingbacks Gladiator Zip , Womens Square Toe Leather Ballet Flats Casual Shoes Comforty Slip On Pumps Size , Women's Lady Slip On Flats Loafers Leather Casual Shoes Pointy Toe Slippers NewWomens Patent Leather Slip on Loafers Flats Casual Oxfords Plus Size 4.5-10.5 XY
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 Liz & Co Black Leather Zip Side Knee High Block Fashion Boots Womens Size 9.5 M , Women's Fur Boots Black Knee High Wedge Shoes Winter Snow Ladies size 5.5 , Ed Hardy Women’s Geisha Furry Boots Black Size 6Ladies Spot On Zip Up Ankle Boots with Buckle Straps Style F4364 , Unlisted Brown Casual Comfort Fashion Dress Knee Zip Stretch Boots Size 8Cole Haan Black Suede Wedge 9.5 with box Air Britt Chukka womensBAMBOO Two Tone Chain Faux Leather Side Zip Open Womens Over the Knee Boots , new ladies Brown 2"Block Heel round toe Over Knee Sexy Boots Size 8 , NATURAL SOUL Women's Kasta Ankle Boot Black 5.5 M US , Nine West Anatolia Taupe Women's Fashion Boots 10M , LC Sigi Women's Vintage Black Leather Ankle Boots Booties Size 6.5US / 36.5EUTony Lama VF6007 Ladies 8 B Vaquero Two-Tone Leather Western Cowgirl BootsFuntasma Womens Gogo-300UV Boot- Pick SZ/Color.Calvin Klein Cranberry Suede Adriana Ankle Booties - Size 6.5 M - Lightly Worn , WOMENS FRYE ANNA PULL DOWN CUFF KNEE HIGH HEELED BOOTS BROWN LEATHER 6.5 , AUTH $715 YSL SAINT LAURENT Women Flat Shoes 38NEW! BIO-TREK Haylee 2 by ZCoil Sz US 8 Black Leather Mary Janes Comfort , Dolce Vita Henlee Sandals size 7.5 new yellowNEW! Women's $450 Stubbs and Wootton Brown Linen "FLORAL" Slippers Loafers ShoesValentino Shoe Ivory Patent Rock Stud Flat Taupe Trim Size 39 , RALPH LAUREN COLLECTION Brown Real Lizard Monk Strap Bench Made Loafer 6.5 ItalyBenjamin Adams ASCOT Crystal flats Wedding Bridal shoes UK7 New , OSCAR DE LA RENTA NINA CRYSTAL EMBELLISHED MIDNIGHT FLAT WOMEN SZ 9.5-10 M D7700 , New TORY BURCH Clarisse laser-cut navy calf hair platform espadrilles shoes 10.5Womens Bees Floral Printed Low Chunky Block Heel Pearl Slip On Pumps Shoes OL SZ , NEWTON MOTUS = MOTION STABILITY TRAINER size 10.5 new in box , VINTAGE NIKE WOMENS DUNK LOW PREMIUM ASTRO WHITE JADE STONE WMNS SZ 309730-511 , NEW ladies TAN 3.5"High block Heel round toe Ankle sexy Boots Size 8.5 , STOP! BEAUTIFUL, IN EXCEPTIONAL CONDITION ,SIZE 7M, GOLO BRAND LEATHER BOOTSNaturalizer Women's Fancie Buff Nubuck Synthetic 9 M US ,
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Hot Retro Womens 8007 Leather Fur Backless Fur Warm Shoes Slippers Flat Metal Decor Shoes New 40f6953 Flats
4489711
4743032
4934971
5010298
6390036
8949390
10986053
13553660
18095797
Powered by WordPress.com VIP.