The Buzz
All markets and investing news all the time

Sam Edelman Women's Talia Talia Slip-On Loafer M Black Slip-On Suede 8 M US 2ddf52b

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
EAN: Does not apply
Color: Black Suede MPN: Talia
Size: 8 M US Brand: Sam Edelman
Style: Black Suede UPC: Does not apply
US Shoe Size (Women's): 8 M US

Sam Edelman Women's Talia Talia Slip-On Loafer M Black Slip-On Suede 8 M US 2ddf52b -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Sam Edelman Women's Talia Talia Slip-On Loafer M Black Slip-On Suede 8 M US 2ddf52b
Sam Edelman Women's Talia Talia Slip-On Loafer M Black Slip-On Suede 8 M US 2ddf52b -

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%.

Sam Edelman Women's Talia Talia Slip-On Loafer M Black Slip-On Suede 8 M US 2ddf52b

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Sam Edelman Women's Talia Talia Slip-On Loafer M Black Slip-On Suede 8 M US 2ddf52b -
About This Author
Sam Edelman Women's Talia Talia Slip-On Loafer M Black Slip-On Suede 8 M US 2ddf52b -
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
Mocassins "Indian" Beige TAOS --- T. 41 , Kaanas Kampala Contrast Chukka Sneaker, Women's Size 41 (US 11), Vanilla/BlackPedro Garcia Ballet Flats Size 37 us 6.5New Francesco V. Light Blue leather Made in Italy shoes Size 36 US 6 , Klogs Carolina Women's Clogs Black Smooth - 7 Medium , LANVIN Light Brown Leather Snakeskin Cap-Toe Elastic Ballet Flats 39 , BALLERINES REPETTO - TAILLE 38 - BEG -Tory Burch Womens Selma Flat Thong Sandals Black Pebbled Leather Size 7.5Aerosoles Women's True Story Slip-On Loafer Black Fabric 9.5 M USChloe Gray Leather Loafer 39 Buckle Paddington Made in Italy , Guido Sgariglia Black Suede Platform Oxford W/Grey Animal Print Plug It 40 , Klogs Austin Womens - Clogs Flower Tool - 7 WideHush Puppies Women's Velma Oleena Flat Tan Leather 9 M US , MIA Women's Alma Clog Black 8 M US , Cole Haan- Emory Wedge Oxfords, Women's Size 7.5 B, BlackPropét Women's Cameo Loafer Flat Chocolate/Bronze 11 XW USCloud Aika Beige Fantasy Soft Leather Fashion Sneaker Comfort Shoe 41New , VINCE Sneakers 7 White Beige Color Block Striped Snakeskin Print Comfort ShoesKlogs Naples Mens - Womens Clogs Black Smooth - 6.5 WideSigerson Morrison Black Pony Hair Flat W/ Silver Metallic Toe Size 10 , Cole Haan Women's Tali Bow Ballet Flat Black/White Grid Leather 7.5 M US , NEW Tory Burch Heidi Ballerina Ballet Flat, Gold / Silver Pewter, Size 5.5 $258. , Klogs Naples Mens - Womens Clogs White Smooth - 8 MediumTORY BURCH Gold Crackle Leather Reva Ballet Flat Size 10 , Klogs Austin Womens - Clogs Black Smooth - 6 Medium , Anne Klein Women's Keana Patent Pointed Toe Flat Black 7.5 M US , Sperry Top-Sider Women's Bluefish Boat Shoe Linen Oat 8.5 B(M) US , Klogs Naples Mens - Womens Clogs Black Smooth - 9.5 WideCAMPER 46256-016 BEIGE LEATHER SHOE-BOOTIE ELASTIC LACING YELLOW SOLE SIZE 36
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 SALE REDUCED-Durango Boots Short Style D Men/Women Zipper on side NIB , WE-B002 New Knee High Flats Faux Suede Casual Winter Women Boots Black 6 , johnson faux leather cowboy boots betsey womens size 8.5M , Clarks Bendables Short Boots Brown Leather sz 6.5M Side Zip NWTREGATTA Ladies Womens Walking Hiking Boots Shoes Waterproof Size 3 & 4Cole Haan Sz 9 Sylvan Black Leather Suede Ankle Strap Buckle Bootie BootsVionic Taber Black Leather Ankle Boot New Taber 9.5 $160Jambu Womens sycamore Leather Closed Toe Ankle Cold Weather Wheat Size 6.0Paul Sperry Size 6 Blue Boat Shoe New Womens Shoes , NEW Free People taupy brown Weave Leather Back Zipper Sandal Ankle Boot 38 , TOD'S Purple Leather Driving Loafers Size 9 , WOMEN'S FIREFISH PYTHON BOAT SHOE (STS98181) Size 6.5 mNAOT Women's Kawaka Flat - Choose SZ/ColorNIB Tory Burch Blossom Floral Ballet Flat shoe Gold Logo Royal Tan Leather Sz 8 , New Frye Womens LENA ZIP MULE Black Leather Slip On Sneakers 3476717-BLK *****NEW ARRIVAL -FINN COMFORT 7 US WOMENS (4 1/2 UK) FINNAMIC P-W-83Mephisto Grace Bronze Perlskin Metallic Leather Air Relax Clog Mule US 9.5 EUR40Klogs Naples Mens - Womens Clogs Black Oiled - 6 Medium , Fila Women's Radiant Coffee bean Metal Gold Fashion Sneaker 5MWomen Platform Hidden Wedge Loafers Sneakers Slip On High Heels Shoes ZsellRalph Lauren Womens Jeala Tan Brown Leather Shoes Size Purple LabelDansko NARROW Professional Black Cabrio Leather - size US 9 - was $125OLUKAI WOMENS WAIALUA CANVAS PALE GREY SIZE 8.5 , Women's adidas Swift Run Casual Shoes Vapour Green/Grey Two/White B37720 GRNNEW Wmn's SZ 10.5 NEW BALANCE 627 Steel Toe Work Shoes Suede WID627GPSkechers Women's Goldie Glitchy Sneaker , Avia CRYSTAL - Silver - WomensWomen's Llenya Slip On Espadrille FlatsWomen's ariat boots size 7 women Boots , Clarks Women's Ankle Boots Burgundy Faux Suede Size 6M
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Sam Edelman Women's Talia Talia Slip-On Loafer M Black Slip-On Suede 8 M US 2ddf52b Flats
Powered by VIP.