The Buzz
All markets and investing news all the time

Tory Gold Burch Size Black Gold Chain Shiny Leather Slip On 27788 Loafers Size 6 1/2 M 9e0d3dc

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
Style: Loafers
Width: M) Fastening: Slip On
Pattern: Solid Heel Height: Flat (0 to 1/2 in.)
Color: Gold US Shoe Size (Women's): 6 1/2
Brand: Tory Burch Material: Leather
UPC: Does not apply

Tory Gold Burch Size Black Gold Chain Shiny Leather Slip On 27788 Loafers Size 6 1/2 M 9e0d3dc -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Tory Gold Burch Size Black Gold Chain Shiny Leather Slip On 27788 Loafers Size 6 1/2 M 9e0d3dc
Tory Gold Burch Size Black Gold Chain Shiny Leather Slip On 27788 Loafers Size 6 1/2 M 9e0d3dc -

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%.

Tory Gold Burch Size Black Gold Chain Shiny Leather Slip On 27788 Loafers Size 6 1/2 M 9e0d3dc

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Tory Gold Burch Size Black Gold Chain Shiny Leather Slip On 27788 Loafers Size 6 1/2 M 9e0d3dc -
About This Author
Tory Gold Burch Size Black Gold Chain Shiny Leather Slip On 27788 Loafers Size 6 1/2 M 9e0d3dc -
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
Women's JIMMY CHOO DEMI Acid Yellow Black Leather Shoes Size M NEW $595 , Munro Gray/Gold Fabric “Fran” Shoes - Size 10.5N , FINN COMFORT Women Shoes Design Size D 39, US 8 -8.5 , Vince Varin White Womens Shoes Size 9 M Flats MSRP $295NEW Dansko Patricia Embellished Leather Clog Dark Brown 36/6Lanvin black satin crystal embellished patent bow womens ballet flats shoe 40.5 , DIANA FERRARI SAMWELL in Sage, Tan , NIB Tory Burch Lonnie Logo Espadrille Flats Shoes Chambray Blue 9.5 MBADGLEY MISCHKA WENDY Embellished Ballet Flats Shoes in Black Sz:9 R$185 NIBVince Walsh Slip Ons- Women's size 6.5 M GreyBIRKENSTOCK CAMDEN PEBBLE BLACK WOMEN'S US 6N (2500)Leonardo Shoes Handmade Womens 37 Mustard Yellow Driving Moccasins Italy FirenzeNAOT Toatoa 11092 Dress Shoe Mary Jane Floral Cutout Black Linen Cream 7 8 9Algeria Shoes - Keli Blue Croco , Sesto Meucci Size 8.5 Woven Leather Mules/slides Brown , Chaco- Pineland Moc Casual Shoes, Women's Size 7.5, BrownTory Burch 9,5 Sneakers Slip On rosette burgundy Fabric Casual New Textured , Loeffler Randall Clara Black Womens Shoes Size 7 M Heels MSRP $325 , Blk AGL ATTILIO GUISTI LEOMBRUNI Leather Flats Loafers 41 US ITALY , Naot Kirei Women's Mary Janes - Size 9 W, BlackPropet Women's Erika Mary Jane Flat , tory burch red high wheel shoes size6.5 , Tory Burch Gemini Link Loafer Black Womens Shoes Size 6.5 M Flats MSRP $325 , Aquatalia by Marvin k Pre-owned Women's Size 8.5 Emmaline leather LoaferBella Vita Black Leather Casual Slip On Comfort Walking Women's US 8.5M NEWNEW J. CREW LINEN CANVAS TOE CAP BAYSWATER FLATS DARK EBONY 7 Retail $178 ITALY , Cole Haan Women 10B Grandevolution Nude Black Ivory Modern Monk~ANNA SUI for Hush Puppies Royal Blue sueded leather Mary Janes Tap Shoes Sz 10~ALEGRIA Dayna Mary Jane Clogs HTF Friends 39 EUC ,
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 LifeStride Drizzle Too Women's Rain Boots Size 7.5 M Black Gray Zebra Zipper , High Heel Stiletto Ankle Boot Chrome Spiked US 5 , SC35 Jamila Dress Ankle Booties 724, Black, 10 USCece Mid-calf Boots Peep toe Ruffled Mesh Heels Women's Bridal Shoes , ROF Women's Classic Soft Slouchy Flat Low Heel Knee High Boots Snake Print 7.5 , Ivanka Trump $160 Hota Light Brown Suede Bootie, 10M , NEW FRENCH CONNECTION SZ 6.5 BERNE WEDGE LEATHER BOOTIE SHOE HEEL , Marc Fisher Black Leather Orlanda Heeled Ankle Boots NEWTommy Hilfiger Black Dorian Wide Calf Leather Riding Boot w/Stretch Panel - $129 , GB35 Cathrin Wedge Knee High Boots 590, Black, 11 USCole Haan Amalia Skimmer Flats - Women's Size 9 B, Black , BEARPAW Women's Tall Emma Hickory Suede Sheepskin Fur Lined Warm Winter Boot , Tommy Hilfiger Judsen Womens Dark Green Suede Ankle Boots 9 , dav Women's Jackson Rain Shoe, Black, Size 9.0 , NINE WEST KNEE HI DRESS ELASTIC BLACK LEATHER BOOTS 1 1/4" HEELS size US 6M HOTVionic Spark Minna Orthaheel Ballet Flat Loafer Shoe - Womens , Tods Black Suede & Leather Sneakers, Size 9 , New. BRUNELLO CUCINELLI Brown Patent Leather Loafers Shoes Size 9/39 $1170VANELI WOMEN'S IBIS, COMFY WEDGE ANKLE SANDAL , Mizuno Womens - Green Walking Shoes Size 9 (364336)Jimmy Choo Wells Bronze Leather Cutout Flats Sz 38 in Box**Fitflop Superbendy Bow Detail Ballerina Slip‑Ons - Women's Size 9, BlackNew FILA Disruptor II 2 Unisex Sneakers Athletic Shoes White(FS1HTA1071X) WomenNew Balance 96 REVlite Lifestyle Shoes - Size: 6.5New Balance Womens - White Walking Shoes Size 7.5 (344997)New Womens Flat Slip On Glitter Diamante Trainers Sneakers Pumps Plimsolls Shoes , Women Red Stretchy Casual Athletic Shoes Running Match Sports Outdoor Pull on , Nike Revolution 4 Womens Running Shoes black/black 908999 002 Fast Shipping15603 Black Skechers shoes Women Go Walk Joy Sport Casual Woven Fabric Cushion , Danner Women’s Mountain Light II Hiking Boot ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Tory Gold Burch Size Black Gold Chain Shiny Leather Slip On 27788 Loafers Size 6 1/2 M 9e0d3dc Flats
Powered by VIP.