The Buzz
All markets and investing news all the time

Two Slouch Buckle Fashion Mid-Calf Slouch Folds Body Body Kitten 27738 Heel Grey 5.5 3d85b0f




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
Color: Grey Pu
Style: Does not apply Department: womens
MPN: Auto-8 Size: 5.5 M US
Model: Auto-8 US Shoe Size (Women's): Does not apply
Brand: Top Moda UPC: 096231660649
EAN: 0096231660649

Two Slouch Buckle Fashion Mid-Calf Slouch Folds Body Body Kitten 27738 Heel Grey 5.5 3d85b0f - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Two Slouch Buckle Fashion Mid-Calf Slouch Folds Body Body Kitten 27738 Heel Grey 5.5 3d85b0f
Two Slouch Buckle Fashion Mid-Calf Slouch Folds Body Body Kitten 27738 Heel Grey 5.5 3d85b0f - 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%.

Two Slouch Buckle Fashion Mid-Calf Slouch Folds Body Body Kitten 27738 Heel Grey 5.5 3d85b0f

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Two Slouch Buckle Fashion Mid-Calf Slouch Folds Body Body Kitten 27738 Heel Grey 5.5 3d85b0f - hollisbaker.com
About This Author
Two Slouch Buckle Fashion Mid-Calf Slouch Folds Body Body Kitten 27738 Heel Grey 5.5 3d85b0f - 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
 
Designer Comfort Boots 9-in Tall Fabric Upper Female Adult 9 Browns SolidWine Faux Suede Sweat Yarn Bendable Shaft Stylish Womens Wedge Heels BootsNWT SZ 10 AEROPOSTALE WOMEN BEIGE HIDE BUILT IN 3" WEDGE HEEL BOOTS GOLD BUCKLES , Via Spiga Black Leather Square Toe Tall Boots 6.5M Made In Italy High Heel Sexy , NEW SZ10 BAMBOO WOMEN BEIGE ORANGE HIDE BUILT IN 3" WEDGE HEEL BOOTS BOOTIES NIB , Sexy Buckle Boot* Comfy Thick Stacked Block Heel Ankle Bootie SCRIBEWomen's Riding Boots Brown Knee High Riding Shoes Winter Snow Ladies size 7 , Women's Knee High Fashion BOOTS Hoshi-12 Black Winter Snow shoes Ladies size 8.5 , Womens On Short Faux Slip Faux Fur Suede Pull Flat Ankle Mini Boots Winter UK3-8Chinese Laundry Women's Racer Burnished Riding Boot, Coffee, 6 M US , Sperry Top Sider Boots Sheep Fleece-lined Leather Suede Women’s Size 6 M 9173873 , 360991 LTPFBTT40 Women's Shoes Size 6 M Black Suede Zip Boots H.S. TraskNew Women’s Ladies Mid Size Heel Faux Suede Over the Knee Foldover Boots , Ozark Trail kendall 07 women black fabric upper snow boots size 8Rampage Ishmael Boot Black Womens 6 M US - MSRP $69 , New Women's BOOTS Knee High Tan Brown Winter Fur Lined Snow shoe Ladies size 8.5New Women's Beige Khaki Brown Fashion Boots Winter Snow Shoes Ladies size 6 , Very Volatile Black Suede Leather Block Heel Ankle Boots Size 7NEW Womens SODA LORI Black Fashion Knee High Pull on Boots Shoes SZ 8 , New Women's BOOTS Knee High Brown Winter Fur Lined Snow shoe Ladies size 6.5 , Wine Fashion Slip On Only Casual Stilettos 4.5" High Heels Women Ankle Boots , Nine West Womens HIPPY CHIC Leather Round Toe Ankle Fashion Grey Size 9.0 0BJ4 , Wine nn Faux Leather Booties Zipper Block Heels Womens Ankle Boots Size 7.57856193 LFTBTS50 Women's Shoes Size 7 M Beige Suede Boots Johnston & Murphy , New Women's Knee High Riding BOOTS Black Winter Snow shoe Ladies size 6.5 , Journee Collection Womens Rimi Closed Toe Ankle Fashion Boots Pink Size 8.5 UyNew Women's Fur Lined Boots Beige Khaki Wedge Shoes Winter Snow Ladies size 7.57850924 LSPBTS50 Women's Shoes Size 7 M Wine Leather Boots Johnston & MurphyNew Women's Fur Lined Boots Camel Brown Wedge Shoes Winter Snow Ladies size 10
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 Italina Women Boot Size 6.5 Black , VTG WOMENS TONY LAMA COWBOY LEATHER BRICK ORANGE BOOTS SIZE 6 BWomen Men Western Boot Silver Chain Pair Black Leather Strap Rose Flowers CharmsFY Forever Young Rubber Rain Boots Women's 10 Black And White Zebra Print Buckle , ALDO PRONTO Brown Leather Fashion Mid Calf High Heel Boots Size 40 EUR , Fashion Girl Womens Brown Slouchy Mid-Calf Boots Shoes 7 Medium (B,M) BHFO 3860 , AR35 Desyre Chelsea Ankle Boots 952, Gray, 11 USGC Shoes Women's Under Cover Heel Bootie (1036) Black Size 8STEVEN by Steve Madden black leather boots. Size 7. EXCELLENT CONDITION. , New Ciao Bella Redwood Knee High Vegan Leather Boot SZ 6 M $224EDDIE BAUER BOOTS 6.5 SPLIT LEATHER BOOTS 6.5 HIGH HEEL BOOTS 6.5 / BOOTS 36.5 , $139 size 6 Lucky Brand Basel Brindle Goat Tide Leather Boots Womens ShoesDr. Scholl's Brilliance Riding Boots, Black , New Shellys London – Groellan Leather Women Boots Size 8 Beige (MSRP $130) , Material Girl Womens Calyn Fabric Closed Toe Over Knee Fashion, Grey, Size 5.0 zBottes Cuir Marron Nuancé T 38 TBE , G by Guess Womens Gift Closed Toe Ankle Fashion Boots, Black, Size 10.0Brand New Camel Faux Suede Over The Knee BootsHarley-Davidson Black leather High Heel Boots Women’s Sz 9.5 D85087 41 Euro ��NEW Cole Haan Shoes Women 81/2 B Leather Ballet Slip One Black Elme II Flat$160 , T.U.K. Womens Ballet Flat- Pick SZ/Color.Nike Womens - White Cross Training Shoes Size 10 (362597)Naturalizer Women's Cypress Sneaker, Oatmeal, 6 Medium USTaryn Rose Women's Twila Loafers Slip-On White Black Flats US Size 10 M $238 , Loafer Round Toe Metallic Square Buckle Slip On Lady Shoes Casual British BrogueSAS Step Out Women's 10 M Black Leather Mary Jane Style Comfort Shoes MSRP $175CROCS STRETCH SOLE SKIMMER FLAT BUSY DAY LOAFER SLIP ON SHOE~Black Blue~W 7~NWT , Nike women's Roshe One Flyknit casual shoes sneakers Green White size 6.5Stonefly Ladies Size 36 (5.5 US) Gore-Tex Hiking Boots Black Leather BootiesWomen High Heel Stiletto Knee High Boots Faux Leather Thight High Shoes Big Size ,
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Two Slouch Buckle Fashion Mid-Calf Slouch Folds Body Body Kitten 27738 Heel Grey 5.5 3d85b0f Boots
792305
1280624
3076972
3192159
4983424
6482976
8220674
12930307
16592334
Powered by WordPress.com VIP.