The Buzz
All markets and investing news all the time

Tory localjoes-14974 Burch Reva Leather Ballerina Flat Black Patent Leather Black Logo Ballet Shoe Ballerina 5 38944e6




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: Tory Burch
Occasion: Casual Style: Ballet Flats
Pattern: Solid US Shoe Size (Women's): 5.5
Country/Region of Manufacture: Brazil Width: Medium (B, M)
Country of Manufacture: Brazil Material: Patent Leather
UPC: Does not apply Heel Height: Flat (0 to 1/2 in.)
SKU: 002159 Color: Blacks

Tory localjoes-14974 Burch Reva Leather Ballerina Flat Black Patent Leather Black Logo Ballet Shoe Ballerina 5 38944e6 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Tory localjoes-14974 Burch Reva Leather Ballerina Flat Black Patent Leather Black Logo Ballet Shoe Ballerina 5 38944e6
Tory localjoes-14974 Burch Reva Leather Ballerina Flat Black Patent Leather Black Logo Ballet Shoe Ballerina 5 38944e6 - 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%.

Tory localjoes-14974 Burch Reva Leather Ballerina Flat Black Patent Leather Black Logo Ballet Shoe Ballerina 5 38944e6

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Tory localjoes-14974 Burch Reva Leather Ballerina Flat Black Patent Leather Black Logo Ballet Shoe Ballerina 5 38944e6 - hollisbaker.com
About This Author
Tory localjoes-14974 Burch Reva Leather Ballerina Flat Black Patent Leather Black Logo Ballet Shoe Ballerina 5 38944e6 - 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
 
Thierry Rabotin size USA 8.5PRADA ITALY TAN CROCODILE BUCKLE POINTY TOE FLAT WOMENS SHOES SIZE 37.5 , Christian Dior Cap Toe Oxford Black & Cobalt Blue Sz 37.5 Glossy Leather LoaferNIB Bed Stu Women's Rose Leather Oxford Shoes in Navy Multi Rustic Size 7 , NIB EMPORIO ARMANI $575 LEATHER FLATS SHOES SZ US 8 MADE IN ITALY , Ombeline by Maud Frizon Black suede Thong On Platform with Pink Poppy , CUTE! Women's $450 Stubbs and Wootton Straw "RAFFIA W/ BOW" Slippers Loafer Shoe , New Tory Burch Bronze Shoes Amelia Flats Size 6.5 Leather Gold Ballet Logo , J.M WESTON BLACK LEATHER LOAFERS WOMENS SIZE 3D / 36 EU , NEW $840 DOLCE & GABBANA Shoes Flats Green Paglia Tassel Sicily s. EU38.5 / US8Tory Burch Reva Patent Calf Ballet Flat Equestrian Orange Gold Metal Logo Size 8Tory Burch Eloise Ballet Flat Ballerina Patent Cap Toe Gold Logo Shoe 8 -38 , Bear Shoes Jenny Ladies Low Shoe Size 41,5 Grey*NEW* Charlotte Olympia "Ferel" Sz 39 Flat 15MM shoes Linen $785 Leopard 8.5 9 , NEW $700 DOLCE & GABBANA Yellow Woven Leather Flats Espadrilesl Shoes EU39/US8.5 , MAX MARA Women's Cerebero Fuchsia Leather Tassel Loafers US 7 / IT 37 $585 NIB , Chiara Ferragni Flirting Glitter Slippers Flats Pink , new BIRKENSTOCK Waxy-Leather Ankle Strap Sandal MESSINA Habana-brown 39 US8 UK6 , 3.1 PHILLIP LIM BLACK FLAT MULES PEARLS & STUDS NEW LOUIE 41 EURO 8 US , Salvatore Ferragamo Pink and Grey Python Saba Loafer Flats , 2018 Womens Suede Boat Sandals Casual Ballet Flats Slip On Loafers Single ShoesALAIA maroon flats with stone detail size 40.5 US 10.5Discount Shoes undercut sandal Carolina Herrera Size 39 NWTTory burch women sneakers sale size 6.5 -7.0 , New Tory Burch Blossom Espadrille White Shoes Size 9.5 Flat Leather Slip Ons , MARNI - ITALY - LADIES BOW SANDALS - SIZE EURO 38 , Women's Dansko Professional Pro XP Clogs Black Floral Tooled Leather , *** BALLERINES EN FLANELLE CHRISTIAN LOUBOUTIN T. FR 40 NEUVES *** , BURBERRY Prorsum Designer Purple Fur White Heart Loafers Shoes Sz 37.5 ,
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 Dirty Laundry by Chinese Laundry Women's Raeven Boots US 6.5 EU37Aldo Womens Knee High Boots Black Leather Size 39 / 8.5 , Dollhouse EMERGE Women''s Black Block Heel Ankle Booties Size US 8Black 4.5" High Stilettos Heel 1" Platform Round Toe Sexy Knee Boots Size 8.5 , Brand New Women's Black KENSIE Garry Leather Ankle Booties Boots Size 8 , Bottines PARCOURS PARIS Cuir Rigide Bordeaux T 38.5Ariat Pegosa Boots 9B BlackHandmade Ladies Brown Narrow Square Toe Western Boots - 2616 - Size 10Women's Vince Camuto Gregger Brown Leather Upper Ankle Boots Shoes Size 10 M NEW , NEW NIB ANTHROPOLOGIE GREY SUEDE RUCHED OPEN TOE BOOTS BOOTIES HEELS 5.5 35.5Naturalizer "Josephine" Women's Brown Knee High Boot US Size 8 M Wide ShaftDunham By New Balance Waffle Stomper Terrastryder Hiking Shoe Womens Sz 7 NEW.Koolaburra Suede Boots Fur Lined Size 7 , women's shoes GIANNI MARRA 9 () ankle boots gray leather textile BX79-39 , Avec Moderation Flats Size 9 Snake Print Resort Wear ShoesSanita Black Metallic Embroidery Clogs Vegan Slip On Womens 7.5 8 ShoesSteve Madden Women’s Metallic Kandi Mule 9M 1262 , Dansko Brown Leather Shoes Women's Size 8-9 Mary Jane Style Casual LoaferNine West 25022041 Womens Zance Suede Ballet Flat- Choose SZ/Color. , Dr. Martens Crafted Talliah T-Bar Burgundy Leather Unisex Shoe Size 6M 7L M NEWKlogs Austin Women's Leather Comfo Taupe Suede Tapestry - 8.5 MediumJambu Women's Blossom Encore Mary Jane Flat, Black Earth, 7.5 M USJOIE Womens 'Huxley' Multi Color Woven Slip On Sneakers Sz 39.5Womens Linen Edge Flat Heels Paillette Rhinestone Shiny Loafers Shoes Hot A902Manuela Dardozzi black and white moccassins sz.9US , adidas S76864 Womens XCS Spikeless w Running Shoe- Choose SZ/Color. , Puma Women's Basket Fierce Fashion Sneakers Puma Black 365480-02Nike Free Focus Flyknit 2 Womens Training/Running Shoes Blue/Green 880630-400 , Vasque Women's Breeze 2.0 Low Gore-Tex Hiking Shoe Slate Brown/Red Mahogany 10.5Brown Clarks Bendables Size 8 1/2 Work Shoes Heel
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Tory localjoes-14974 Burch Reva Leather Ballerina Flat Black Patent Leather Black Logo Ballet Shoe Ballerina 5 38944e6 Flats
660705
873921
7705913
7903455
10844331
10989031
11441795
14080417
15918639
Powered by WordPress.com VIP.