The Buzz
All markets and investing news all the time

Nine West Women's Schull Women's Suede localjoes-8515 Suede Ballet Flat - Choose SZ/Color 0435b4e




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: Nine West
Style: Flats Manufacturer: Nine West
Size Type: Regular MPN: Schull Suede
US Shoe Size (Women's): Multiple Variations Model: Schull Suede

Nine West Women's Schull Women's Suede localjoes-8515 Suede Ballet Flat - Choose SZ/Color 0435b4e - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Nine West Women's Schull Women's Suede localjoes-8515 Suede Ballet Flat - Choose SZ/Color 0435b4e
Nine West Women's Schull Women's Suede localjoes-8515 Suede Ballet Flat - Choose SZ/Color 0435b4e - 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%.

Nine West Women's Schull Women's Suede localjoes-8515 Suede Ballet Flat - Choose SZ/Color 0435b4e

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Nine West Women's Schull Women's Suede localjoes-8515 Suede Ballet Flat - Choose SZ/Color 0435b4e - hollisbaker.com
About This Author
Nine West Women's Schull Women's Suede localjoes-8515 Suede Ballet Flat - Choose SZ/Color 0435b4e - 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
 
Calvin Klein Women's Jacinta Fashion Sneaker - Choose SZ/Color , Hush Puppies Women's Kelsey Chrissie Flat Sandal - Choose SZ/Color , Hush Puppies Women's Michele Madrine Flat - Choose SZ/ColorCalvin Klein Women's Fiana Ballet Flat - Choose SZ/Color , Easy Spirit Women's Cacia9 Mary Jane Flat - Choose SZ/Color , Tommy Hilfiger Women's Balbina Oxford - Choose SZ/ColorRockport Women's Total Motion Salima Dress Pump - Choose SZ/Color , ALDO Women's Zulian Ballet Flat, - Choose SZ/ColorVince Camuto Women's LESTA Oxford Flat - Choose SZ/Color , ECCO Women's Sense Mary Jane Fashion Sneaker - Choose SZ/Color , CLARKS Women's Everlay Cape Loafer - Choose SZ/ColorCalvin Klein Women's SHANNIN Loafer Flat - Choose SZ/Color , Sam Edelman Women's Flynt Ballet Flat - Choose SZ/Color , Skechers Women's Career First Impression Ballet Flat , Cole Haan Women's Grand Tour Oxford - Choose SZ/ColorNine West Women's Xalan Fabric Ballet Flat - Choose SZ/ColorHush Puppies Women's Aiden Clever Oxford - Choose SZ/Color , NWOB Tory Burch Veranda Canvas & Leather Flat Slipon Espadrille in Tan , Lucky Brand Women's aviee Pointed Toe Flat - Choose SZ/ColorGeox Women's KOOKEAN 4 Oxford, - Choose SZ/ColorAnne Klein Women's Ulisa Fabric Ballet Flat - Choose SZ/Color , Nine West Women's UMISSIT Fabric Ballet Flat, - Choose SZ/ColorDr. Martens Women's 1461 Gunmetal Oxford, - Choose SZ/ColorVince Camuto Women's Elroy Driving Style Loafer - Choose SZ/Color , Skechers BOBS Women's Phresh-Coolin Oxford - Choose SZ/ColorCrocs Women's Duet Busy Day 2.0 Satya Mule - Choose SZ/ColorNine West Women's ONIKA Fabric Ballet Flat - Choose SZ/Color , FRYE Women's Gwen Slide Mule - Choose SZ/ColorDr. Martens Women's Bennett Oxford - Choose SZ/Color ,
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 Call It Spring Metaponto Ankle Boots 989, Bone, 8.5 US / 39 EUNEW WOMENS ASHRO ULTRAVIOLET AND BLACK MYSTERIE FAUX FUR BOOTIES BOOTS SIZE 7.5M , Shiekh Gray Over The Knee Pull On Fashion Boots Size 6 , New Women's Fashion Boots Red Lug Soles Shoes Winter Snow Ladies size 7NEW Womens Black Ankle Boots Size 7 Zip Up Fringe Ladies Fashion Shoes 2" Heel * , Womens Style & Co Beige 2.5” Heel Fashion Boots - Size 8.5 , Zoe Leather Hiker Boot- white- Urban Outfitters US 8FY Womens Black Matte Rubber Rain BOOTS Original Tall Size 8Asolo Fission GV Women's Crocodile Stone Hiking Boots 8.5M , Grace Women High Stiletto Heel Zip Pointy Toe Ankle Boot Shoe Party Hot LeopardAldo Womens Mykala Leather Closed Toe Ankle Fashion Boots, Grey Nabuck, Size 7.0 , Soda Womens Scribe Ankle Bootie With Low Heel And Cut-Out Side Design7.5 BM U...New Gianni Biini Floral Multi Color Round Toe Block Heel Zip Ankle Boot 6 9.5 10Clarks womens black calf green leather tie Boots womens size 6 M , STUART WEITZMAN TOPO SUEDE TALL PARKWAY WEDGE BOOTS 4.5 , Tory Burch Reva Tumbled Logo Flats - Royal Tan- Size 8Trotters Womens Jenn Leather Closed Toe Loafers, Black, Size 6.0 , New Women's Vince Camuto VOLERO Western Chestnut Black Tie Dye Leather 7 $199XOXO Marilla Tall Boots-Women's size 8 M BlackAldo Womens Tuxedo Suede Pointed Toe Ankle Fashion Boots, Black, Size 10.0Balenciaga Paris gray sandals 38.5 US 8.5 flat shoes , ballerines REQINS Harmony LEO BRILLO CUIVRENWB Chocolat Blu Dean Black Burgundy Leather Loafer Driving Shoes Sz 7.5 M , Maria Sharapova By Cole Haan Air Bacara Women’s Ballet Flats Size 5. NWB , Nike Size 10 Sneakers Purple Blue DesignNine West Mistyray Leather Womens Ballet Flat- Choose SZ/Color. , Rachel Zoe Viv Gold Crinkle Metallic Evening Sandal Size 11M D660/ , New Converse x Woolrich CTAS Chelsea Womens Boot Black yellow 553385c , Saucony Ride 9 Running Shoes - Women's Size 10, Blue/Purple/SilverFila Orbit Zeppa L Wmn Shoes White Women 1010311-1FG ,
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Nine West Women's Schull Women's Suede localjoes-8515 Suede Ballet Flat - Choose SZ/Color 0435b4e Flats
88193
3758583
6055213
11106121
11580220
14613074
14828427
16119877
16174641
Powered by WordPress.com VIP.