The Buzz
All markets and investing news all the time

Earth 27748 Origins 7 Tori Women's Tori Dark Olive 7 755eddc




Item specifics

Condition:
New without box: A brand-new, unused, and unworn item (including handmade items) that is not in original packaging or ... Read moreabout the condition
UPC: 692257000317
Weight: 2.35 lbs EAN: 0692257000317
Dimensions: L 12.8 x W 10.2 x H 4.4 inches Brand: Earth Origins
ProductGroup: Shoes MPN: Not Applicable
ISBN: Not Applicable Binding: Apparel
Style: Not Applicable Color: Dark Olive
US Shoe Size (Women's): 7 B(M) US Department: womens

Earth 27748 Origins 7 Tori Women's Tori Dark Olive 7 755eddc - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Earth 27748 Origins 7 Tori Women's Tori Dark Olive 7 755eddc
Earth 27748 Origins 7 Tori Women's Tori Dark Olive 7 755eddc - 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%.

Earth 27748 Origins 7 Tori Women's Tori Dark Olive 7 755eddc

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Earth 27748 Origins 7 Tori Women's Tori Dark Olive 7 755eddc - hollisbaker.com
About This Author
Earth 27748 Origins 7 Tori Women's Tori Dark Olive 7 755eddc - 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
 
ESCARPIN CUIR CHAUSSURES MODE FEMME ARGENTÉ T 36 NEUVES , Women's Vickie-41TH Boots, Stretchy Slouchy Thigh-High, Faux Suede Black US-9Lugz Women's Tamar Fashion Boot Red Brown/Gum 8.5 M USRockport Women's Total Motion Cherene Boot, New Taupe Shiny Python, 9.5 M , Lauren Ralph Lauren Women's Tamia-Bo-Cwd Boot, Camel, 8 B US , Clarks "Gelata Flora" Casual Booties M- Pick SZ/Color.LifeStride Soft System Boots Size 10 EUCCorso Como Womens Autumn Ankle Bootie- Pick SZ/Color.Bottes Cuissardes Sexy Cuir Daim Mode Fashion Haut Talon P34 - 43 NEUVESWhite Boots Fur Vegan Women's Mid-Calf Winter Slip On , Lugz Women's Flirt Hi Zip Winter Boot Riverstone/Black 9 M US , FRANCO SARTO Boots Womens 9.5M Brown TALL Heels Zip Up , Katy Perry Women's The Evelyn Mid Calf Boot, Charcoal, 5.5 Medium USCall It Spring Women's Yeriwiel Riding Boot, Black Synthetic, 8.5 B USCobb Hill Rockport Women's Missy Boot, Almond, 10 N USLucky Brand Women's Sancha Ankle Boot, Brindle, 10 Medium US , Hot Sale Russian Shoes Black Platform Boots Women Zipper Autumn High Heelsnew Womens Black 6"stiletto High Heel Over Knee Sexy Boots Round Toe Size 6 , Trotters Women's Shannon Ankle Bootie, Dark Brown, 11 N US , BC Footwear Women's Cuddle Ankle Bootie, Taupe, 7 M US , Material Girl Women's Melation Boot (7, Black)Sexy 3" High Heel Gogo Dancer Silver Knee Boots Halloween Costume GOGO300/S/PUKamik Women's Snowvalley Snow Boot, Orange/Brown, 6 D USBOTTES EN CUIR FACON BASKET MONTANTES LEPI T 40 MARRON TALONS PLATS TBE SAC FSexy Pleaser 4" Chunky Heel Platform Stretch Matte White GoGo Knee Boots 6-14 , Seychelles Women's Theater Ankle Boot, Black, 7.5 M USARRAY Womens logan Leather Closed Toe Mid-Calf Fashion Boots, Whiskey, Size 11.0 , Sexy 3" High Heel Gogo Dancer Hot Pink Knee Boots Halloween Costume GOGO300/HPBlack Round Toe 1" Block Heel Over Knee Sexy Boot Side Zip Size 8.5 ,
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 Zigi Soho Nydia gray floral textile ankle boots sz 8 block heelUnlisted Kenneth Cole BEYOND THE STARS Women's Black Faux Leather Tall Boot 5.5MDirty Laundry by Chinese Laundry Too Cute Ankle Booties 697, Grey, 9.5 US / 40.5Cole Haan SIERRA Pebbled Brown Leather Knee-High Tall Boot Size 8 BChicos Knee High Black w Brown Threading Suede Leather Boots Size 8 1/2 $139 , Jellypop Women's Aerin Ankle Bootie, Black Suede Like, 6 M US , Women's Elizbeth Square Toe Zip Up High Heels Mid Calf Boots Size 7 M Black , Joan & David Circa Suede Leather High Heel Tall Boots Brown Size 8M P , Joules Womens FieldWelly Rubber Closed Toe Mid-Calf Rainboots Grey Size 4.0 Ld , Khombu Snow Boots Size 7.5 Leather Suede Upper Cold Weather Ankle Faux FurSteve Madden Womens NWB Vippper Leopard Booties Shoes 6 MED NEW , Clarks Pause Camelia Womens Ankle Boot, Brown, 10 B(M) US , Women's TOTES LYNN TAN BOOTS WATERPROOF SHELL MSRP $99.00 NIB , Dansko Professional Moss Burnished Leather Pro Clogs 106770202 Womens Size 37-41 , DANSKO WOMENS CLOGS PRO BOW BLACK MILLED NUBUCK SIZE , NIB VINCE. Paeyre Flatform Sneaker 9 $275DOLCE VITA Womens 'Xenon' Smoke Suede Zip Mid Sneakers Sz 8 - 231295Crowne Comforteur Women's Black Leather Bayswater Flats Size 6.5M C038 , Chloe Lauren Scalloped Ballet Flats Shoes Nude LeatherQupid Women's Moira-05 Sneaker, Ocean Blue, Size 8.5 n511Stuart Weitzman Women's Brown Slipin Flats 4465 Size 7.5MNEW adidas Run Smart - Gray Running, Cross Training (Women's 6)Skechers Breathe-Easy-Calmly Shoes Black Women 23209-BLKjslides J/Slides Audra Taupe Metallic Leather Platform Flatform Fashion SneakersNike Womens Revolution 4 Black/Black Running Shoes Size 8.5 (28025)Women's New Balance 410 sz.7.5 Athletic Shoes , Women's INC Tolla Women's Boots Mushroom Boots , Women's Roxy Women's Holden Engineer Boot BootsWomens Warm Suede Chunky high Heels Shoes Pull On Knight Slim Over Knee BootsSofft Women's Nola Slide Sandal Gold Siderale Metallic Leather Slides
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Earth 27748 Origins 7 Tori Women's Tori Dark Olive 7 755eddc Boots
72412
330114
865232
3954015
6884900
6939018
9038577
14689337
17364473
Powered by WordPress.com VIP.