The Buzz
All markets and investing news all the time

Geox Women's 5 Elidia 5 Slip-on Loafer, Gun/Anthracite, Gun/Anthracite, 35 5sfg-11078 EU/5 M US e8be4a1

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: Geox
Color: Gun/Anthracite Style: Loafers & Slip-Ons
Size: 35 EU/5 M US MPN: D642TA0CG43C1G9A
Model: D642TA0CG43C1G9A US Shoe Size (Women's): 35 EU/5 M US
UPC: Does not apply EAN: 8051516821353

Geox Women's 5 Elidia 5 Slip-on Loafer, Gun/Anthracite, Gun/Anthracite, 35 5sfg-11078 EU/5 M US e8be4a1 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Geox Women's 5 Elidia 5 Slip-on Loafer, Gun/Anthracite, Gun/Anthracite, 35 5sfg-11078 EU/5 M US e8be4a1
Geox Women's 5 Elidia 5 Slip-on Loafer, Gun/Anthracite, Gun/Anthracite, 35 5sfg-11078 EU/5 M US e8be4a1 -

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%.

Geox Women's 5 Elidia 5 Slip-on Loafer, Gun/Anthracite, Gun/Anthracite, 35 5sfg-11078 EU/5 M US e8be4a1

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Geox Women's 5 Elidia 5 Slip-on Loafer, Gun/Anthracite, Gun/Anthracite, 35 5sfg-11078 EU/5 M US e8be4a1 -
About This Author
Geox Women's 5 Elidia 5 Slip-on Loafer, Gun/Anthracite, Gun/Anthracite, 35 5sfg-11078 EU/5 M US e8be4a1 -
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
The FLEXX Women's Seriously Pump, Black Suede, 6 Medium US , Sam Edelman F2374F1 Womens Pemberly 2 Mule- Choose SZ/Color. , Steve Madden KAST01S1 Womens Kast Loafer Flat- Choose SZ/Color.Enzo Angiolini Women's Nehan Dress Pump, Black, 7.5 M US , Propet Women's Cameo Flat, Chocolate/Bronze, 10 N US , BCBGeneration Women's BG-Candice Mule, Black, 6 M US , French Sole FS/NY Women's Oasis Fashion Sneaker, Light Blue, 9 M USDansko Womens Hazel Flat /-- Pick SZ/Color.Bernie Mev Women's Braided Catwalk Multi Flats - 37 M EU , Aetrex Womens E250 Alligator Slip-on- Pick SZ/Color. , Propet Women's Cameo Flat, Chocolate/Bronze, 6 N US , Andrew Geller Women's Angie Flat Bleach 6 M US , Apex Women's Ambulator Biomechanical, Black, 5 XW USMerrell Women's Applaud Slide Slip-On Shoe Bracken 7.5 M US , CLARKS Women's Everlay Dairyn Slip-on Loafer, Dark Tan, 5 M US , Skechers 48856 Womens Lite Step-Helium Mary Jane Flat- Choose SZ/Color. , Propet Women's W0029 Mary Jane Walker,Black Smooth,7 X (US Women's 7 EE) , Magicfelt Women's Clogs Pure Wool Felt Slipper Natural Wool TIROLER STEINSCH 713 , crocs Womens Olivia II Lined Ballet Flat- Pick SZ/Color.Cole Haan Womens Grant Lte Escape Slip-On Loafer- Choose SZ/Color.Joie Women's Landri Mule, Leopard, 39.5 M EU (9.5 US) , Franco Sarto Women's Soho Ballet Flat Satin Taupe 6 Medium US , Reef Women's Salty Island Multi Tweed 6 M USEarthies ETH-PONZA Earth Womens Ponza- Choose SZ/Color. , Ivanka Trump ITZARINA Womens Zarina Pointed Toe Flat- Choose SZ/Color. , STEGMANN Women's Clogs Pure Wool Felt Slipper 100% COMFORT108Aldo Womens Luisi Pointed Toe Flat- Choose SZ/Color.Nine West Womens Abay Suede Pointed Toe Flat- Pick SZ/Color. , Hot Chocolate Design Chocolaticas Sailor Women's Mary Jane Flat Multicoloured...
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 Silvery Clog Cowboy Boots Urban Cowgirls Sz 8Brinley Co Women's Olive Riding BootLadies SALE X1192 Funky Rubber Welsh Flag WelliesPaire de chaussures bottines femmes hiver taille pointure 39 marque Lauréana , Steve Madden Sienah Womens Black Suede Pointed Toe Heel Mid-Calf Boots US 8.5 MWomen's Knee High Military Combat Buckle Fashion Boots PU-Leather Riding Zipper , Sole Society Black Wedge So Shade Leather Bootie Size 8 , $139 BCBG BCBGeneration Women BG-Joesana Platform Ankle Bootie Shoe, Black, US 9$189 NEW Ellen Tracy Element Black Leather Tall Boots sz 10 Knee High 210060--MNWT WENDY WILLIAMS SUEDE LEATHER ZIP UP ANKLE BOOTS BOOTIES SIZE 7M BUTTERSCOTCH , LUMIANI BOOTS LEATHER SIZE 5.5 ITALY , Rialto Halen Tall Boots-Women's size 11M BrownWomens TORY BURCH pony hair leather smokey flats w/ studs sz. 7Cole Haan Women's 2.Zerogrand Laser Wing, Marine Blue Suede, 9.5 B USDansko Women's Haven Sneaker, Navy Suede, 38 M USNew Women's Sperry Azur Cora Nubuck Sierra Boat Shoes Flats Size 7 8 10 , Stella McCartney Slip On Platform Sneakers - Size 40NEW TORY BURCH PATENT LEATHER GIGI SPARK GOLD T LOGO BUCKLE PUMPS 8.5 , Camper Sella Flats In Black Leather, Brand New In Box, Size 10/40Anyi Lu 'Cate' Cheetah-Print Ballerina Flat - Size 37 - $395Bella-Vita Eden Slip On - Women's Size 8.5M BlackSophia Webster Loca Zebra Printed Calf Hair Flatst msrp: $495 Size 38.5 , NEW! PUMA Eco Ortholite Leather Women's Silver Pink Athletic Shoes Sneakers 9 , Puma Basket Suede Platform Creepers Prism Pink Juniors Girls Womens Trainers , adidas Women's Training Climachill Tights - Choose SZ/Color , Skechers Sport Women's Air Streamer Fashion SneakerBlack/Multi7.5 M US , Vans Off the Wall Womens Surf Rata Lo Blue Tan Shoes Size 11 , Nike sz 14 Women's Training Extreme Volley Volleyball Shoes Black Gray Max AirWomen's Gentle Souls Dana Leather Flat FlatsWomen's Zeta Nemas in Kaki Natural Flats ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Geox Women's 5 Elidia 5 Slip-on Loafer, Gun/Anthracite, Gun/Anthracite, 35 5sfg-11078 EU/5 M US e8be4a1 Flats
Powered by VIP.