The Buzz
All markets and investing news all the time

Cole 6.0 Haan Size Womens Louannasam Closed Toe Ballet Flats, Blue Snakeprint, Snakeprint, Size 6.0 1a2b1fb

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: Cole Haan
Occasion: Casual Style: Ballet Flats
Pattern: Solid Width: Medium (B, M)
US Shoe Size (Women's): 6 Material: Synthetic
Fastening: Slip On Color: Blue
UPC: 660078561898

Cole 6.0 Haan Size Womens Louannasam Closed Toe Ballet Flats, Blue Snakeprint, Snakeprint, Size 6.0 1a2b1fb -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Cole 6.0 Haan Size Womens Louannasam Closed Toe Ballet Flats, Blue Snakeprint, Snakeprint, Size 6.0 1a2b1fb
Cole 6.0 Haan Size Womens Louannasam Closed Toe Ballet Flats, Blue Snakeprint, Snakeprint, Size 6.0 1a2b1fb -

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%.

Cole 6.0 Haan Size Womens Louannasam Closed Toe Ballet Flats, Blue Snakeprint, Snakeprint, Size 6.0 1a2b1fb

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Cole 6.0 Haan Size Womens Louannasam Closed Toe Ballet Flats, Blue Snakeprint, Snakeprint, Size 6.0 1a2b1fb -
About This Author
Cole 6.0 Haan Size Womens Louannasam Closed Toe Ballet Flats, Blue Snakeprint, Snakeprint, Size 6.0 1a2b1fb -
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
Sesto Meucci Women's Neda Slip-On Loafer, Brown, Size 8.0 vBkL , DANSKO 41 BROWN OILED LEATHER CLOGS WOMEN SIZE 10.5 - 11 M , Rara Avis Iris Apfel Suede Smoking Loafer Dodo Bird Sequin Tan Flats Size 7.5 , LADIES SHOES/FOOTWEAR - ankle boot Rohde black size 6.5USAnthropologie NWB LATIGO "Cordelia" Embroidered Ballet Shoes 7 Beige Blush , Aerosoles Womens solitaire Closed Toe Espadrille Flats, Black Burlap, Size 9.5BZees Womens Resolution Fabric Closed Toe Mary Jane Flats Grey/Grdnt Size 6.0RIEKER LADIES WHITE LEATHER 40085-80 MOCCASSIN SHOEWOMENS FLY LONDON NOTA LEATHER PULL ON MID CALF BOOTS LADIES 3 COLOURSWomens Birkenstock Yara Summer Birko-Flor Black Strappy Patent Sandals US 5-11Womens Fly London Yamp Peep Toe Summer Cut Out Buckle Wedge Heel Sandals US 5-12 , Ladies Fly London Yesk Luxor Holiday Summer Peep Toe Wedge Sandals All SizesLadies Birkenstock Gizeh Magic Galaxy Open Toe Birko Flor T-Bar Sandal All Sizes , Walking Cradles Womens Jane Leather Leather Closed Toe Mary Taupe Size 7.0Cole Haan Womens Jarviasam Closed Toe Ballet Flats, Black/Red Multi, Size 6.0ZARA FLAT SLINGBACK SHOES WITH JEWELS SIZE UK4 EUR37 US6.5 NEW , GEOX Modesty C slip on sale d6229c Glit.Goa+Gda.Sue Rose Gold/PeachPennywise IT Horror Movie Clown LADIES Classic High Top Canvas ShoesAndrew Charles D125 NAPPA TAUPE ballerina shoes Women's Taupe US , Aravon Tonya Comfort Dress Shoes sz 9 1/2 Buckle Closure Wedge Outsole Pretty! , Andrew Charles D121 NAPPA BLU ballerina shoes Women's Dark Blue US , G.H. Bass & Co. Women's Skyler Oxford, Taupe, Size 7.0FRYE NEW $225 DYLAN ASH SLIP ON SNEAKERS FLAT US 7.5 7.5MELLA MOSS STACIA Multi-Colored Fabric Designer Flats Comfort 7.5 MMix No 6 Womens Rowland Pointed Toe Ballet Flats, Light Pink, Size 8.0 , J Crew Lily ballet flats in snakeskin-printed leather 8 Pale Stone $148 G7853BX61 GAUDI shoes black textile leather women sneakers , Cole Haan Womens Lynnesam Closed Toe Ballet Flats, Pink, Size 6.0Tortoise Patent Leather Flats by Stuart Weitzman sz 8.5 med Retail $285
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 Diesel Silverdrop Tall Distressed Leather Boot 6.5 fashion grey winter night out , Womans Brown Shoes Sergio Tomani US 9 EUCNEW Womens Ladies NOT RATED Beige Western Style Short Boots Booties Heels 7Stunning brown leather Sportsgirl boots Size 6 vintage lookMinnetonka Women’s NIB Burgundy 3 Tier Suede Mid Calf Boots Sz 6Lov Mark Women's Dark Wine Faux Suede Ankle Booties Size 7Steve Madden Cinnamon Color Knee High Suede Studded Boot 8m GORGEOUS BOOTCrown Vintage Rachel Boots Knee High Tall Leather Zip Wedge Taupe 6 M , Steve Madden Womens Gorgeous Black Over-The-Knee Boots 6 New , Bottines Boots ATRAI Daim et Cuir Marron T 36 --> 37 TBENEW SPERRY TOP SIDER SALTWATER QUILTED NAVY WOOL BROWN RUBBER DUCK BOOTS 5 MANTHROPOLOGIE ANTELOPE Black Leather Boots size 39 / 8.5 or 9 , Vasque Coldspark Women's Magnet/Provincial Blue Ultradry Boots 7.5MSteven By Steve Madden Womens Caris Boot , G H BASS Whitney Women Loafer , Bedstu Cobbler Series Brown Leather Grey Knit Slouchy Platform Boots Size 9BJENN ARDOR Tassel Suede Penny Loafers for Women Vegan Leather Bow Knot Slip-O...EUC Tory Burch Reva Flats Size 4POETIC LICENCE 4 Irregular Choice WOMENS Loafers Ballet Flats SHOES Sz 10 N , MANOLO Blahnik Silver Leather Ballerina Flats Women's Sz 39 1/2 M. Italy. , Klogs Austin Womens - Clogs Black Flower Tool - 5 MediumBesded Pink Women’s Converse Size 5 1/2, Tennis Shoes, One Star Sneakers , Autumn Burgundy Patent Franco Sarto Platform FlatSkechers Street Women's Side Fashion SneakerNew Free People Womens Size 10 White Textured Leather Sneakers Shoes Platforms , marimekko x converse all stars sneakers rare find print hi topWomens Pointy Toe High Square Block Heel Zip Faux Suede Ladies Ankle Boots SizeSTEVEN by Steve Madden Womens 7.5 M Midory Ankle Boots Black Leather Pumps HeelsNew Red Wing Womens Worx Black Leather Athletic Safety Work Shoes Size 7.5 6554 , US:6.5 adidas Originals Women's SAMBA W SNEAKERS RUNS 1/2 SZ BIG FITS LIKE 7 ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Cole 6.0 Haan Size Womens Louannasam Closed Toe Ballet Flats, Blue Snakeprint, Snakeprint, Size 6.0 1a2b1fb Flats
Powered by VIP.