The Buzz
All markets and investing news all the time

Guiseppe Zanotti Ballet 23050 Zanotti Flats EU39,5 Ballet or US 9 1ad1a56

Item specifics

Condition: Pre-owned :
An item that has been used or worn previously. See the seller’s listing for full details and description of any imperfections.See all condition definitions- opens in a new window or tab
Seller Notes: in very good condition
Country/Region of Manufacture: Italy Pattern: Striped
Style: Ballet Flats Features: Studs
Fastening: Slip On EUR Shoe Size (Women's): EUR 39.5
Look: Smoking Flats Color: Black
Heel Height: Flat (0 to 1/2 in.) Occasion: Casual
US Shoe Size (Women's): US 9 Brand: Guiseppe Zanotti
Material: Suede Toe Type: Round Toe
Width: Medium (B, M) UPC: Does Not Apply

Guiseppe Zanotti Ballet 23050 Zanotti Flats EU39,5 Ballet or US 9 1ad1a56 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Guiseppe Zanotti Ballet 23050 Zanotti Flats EU39,5 Ballet or US 9 1ad1a56
Guiseppe Zanotti Ballet 23050 Zanotti Flats EU39,5 Ballet or US 9 1ad1a56 -

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%.

Guiseppe Zanotti Ballet 23050 Zanotti Flats EU39,5 Ballet or US 9 1ad1a56

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Guiseppe Zanotti Ballet 23050 Zanotti Flats EU39,5 Ballet or US 9 1ad1a56 -
About This Author
Guiseppe Zanotti Ballet 23050 Zanotti Flats EU39,5 Ballet or US 9 1ad1a56 -
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
Petite Mendigote France Black Leather Studded Ballet Flats Size 38 7.5 ExcellentTory Burch Red Delphine Crystal Logo Ballet Flat Loafer Shoes Satin 8.5 M *$325 Tory Burch Womens Purple Leather/suede Flats 7.5 M , Tory Burch Soft Leather Loafers Moccasins 6M$ 520 PRADA NAVY SLIP ON SUEDE LEATHER LOAFER SNEAKERS SIZE 37.5 , Klogs Naples Mens - Womens Clogs Black Oiled - 8 WideKlogs Sonora - Mens - Women Clogs Black Smooth - 6 Medium , Klogs Naples Mens - Womens Clogs Black Oiled - 9.5 MediumWOMEN'S 6.5 7 8 8.5 9 10 J CREW ACADEMY LOAFERS IN CALF HAIR LEOPARD PRINT SHOESAerosoles Women's Exhibet Ballet Flat Black Suede 6.5 M USCobb Hill Revchi Ballet Flat By Rockport Black - 8.5 NStuart Weitzman Women Shoes Size 7.5 NewKlogs Naples Mens - Womens Clogs Black Tooled - 11 Widesoftspots Womens - Lara Bordeaux Red Suede 11 M US , Olukai Women's Pehuea Leather Shoes Tapa/Tapa 11 M US , Crocs Women's Duet Busy Day Boot,Espresso/Mushroom,4 M USCloud Caliber All Black Strappy Peep Toe Leather Flat Comfort Shoe 38NewCole Haan Tali Natural Snake-Print Bow Ballet FlatsKlogs Sonora - Mens - Women Clogs Black Smooth - 8.5 Medium , Lemon patent Leather Tieks Women’s Size 10 , STEVE MADDEN MADEE-R TAN SUEDE LOAFERS us $120Camper Peu Cami 20848 Black Womens Leather Low-profile Elastic Shoes TrainersNew $128 Free People White/Black Varsity Slip On Sneaker/Loafer Haircalf sz 8/38BRAND NEW REPETTO BLUE PATENT LEATHER BRIGITTE BALLET SHOE , Size 42LANVIN CLASSIC CANVAS SNAKE PRINT BALLET FLATS, 38, $625 , New $128 Free People White/Black Varsity Slip On Sneaker/Loafer Haircalf sz 9/39DIOR white leather iconic canage ballerina shoes ballet flats 38 - US 7,5Ralph Lauren RARE SAMPLE Pony Calf Hair Tassel Loafer Smoking Flat Slipper ShoesNIB Tory Burch Wally Sneaker Canvas-Veg Leather, Navy/White ,Size 8, 9, 9.5
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 Clarks Artisan Society Tan Brown Leather Ankle Boots Buckle Heel Women 6.5 ShoesPredictions Brown Zip Up Ankle Boots Women's Size 8.5 W , CLEARANCE:GIRLS LOW HEELS SLIP ON SHINNY PUMPS PLIMSOLLS FLAT FASHION PUMPS SHO , New Womens Ladies Thigh High Over The Knee High Heel Stretch Boots UK SIZE 3-12VASQUE Alpha GTX GoreTex Brown Leather Hiking Boots Womens Sz 10 (B10)Camel Color 3" Low Wedge Heel Round Toe Mid-Calf Boot Side Button Size 6Old West #SRL 4024 Women’s Teal Leather Round Toe Cowboy Boots Size 7Beautiful Gently Used Dark Brown BLACK ROOSTER "Zoe" Booties ( Size 9) , $110 NEW Bucco Damari Faux Fur Foldover Booties Ankle Camel Boots US 6.5 (M)Easy Spirit Women's Leinee Ankle Bootie, Dark Taupe Suede, 9 M USClarks Wave Chelsea Ankle Boot Women size 7 Black , VINTAGE Black Leather Pull-on Top Detail Boots size 6.5 M , NWOT J Crew Brown Leather Heeled Knee High Boots Side Zipper 8.5M Made in Italy , Frye Dorado Leather Slouch Boots Womens Size 9 M Ivory Stacked Heel Spain 77580 , ballerines MARC JACOBS cuir camel 36 , Flat Ivanka Trump Evana Dark Blue FH Kid Suede , Fashion Women's Comfortable Suede Cross Strappy High Top Platfrom Casuals Shoes , NIB LOUBOUTIN BALLALARINA NUDE LEATHER ROSE GOLD SPIKES BOW STUDDED FLATS 39.5NEW $600 DOLCE & GABBANA Shoes Ballerina White Tulip Brocade Strap EU39 / US8.5 , AC464 MBT shoes brown leather women ballet flats , TOD's ballet flats, grey suede, women's size US 6 MRSP $480 , Stuart Weitzman Mach 1 White Patent Slip On Flat Loafers Size 7 NIB Moccasin Toe , NEW WITH TAGS COLE HAAN WOMENS FAUX BLACK CROC LEATHER LOAFERS 6.5B MSRP $198 , PUMA Womens Ignite Limitless Wns Cross-Trainer Shoe- Select SZ/Color. , NIKE Hyperdiamond 2 Keystone 856434-104 WHITE Size 8.5ASICS Women's Hyper-Rocketgirl XCS Track and Field Shoe - Choose SZ/Color , Women Ladies Mesh Shape Ups Swing Shoes Animal Platform Sneakers Pink ToningWomen's Winter Warm padded Mid-Calf Down Shoes Waterproof Snow Boots casual , Saucony Originals Women's Shadow Original Sneaker Blue/Black SneakersNine West Women's Eyelash Ballerina Slipper with Stones Muslin Slippers
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Guiseppe Zanotti Ballet 23050 Zanotti Flats EU39,5 Ballet or US 9 1ad1a56 Flats
Powered by VIP.