The Buzz
All markets and investing news all the time

Clarks Cheyn Madi 2AN Madi Women's Slip On Women's 9 2AN US Black 22b55be

Item specifics

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: 889306796172
Weight: 1.85 lbs EAN: 0889306796172
Dimensions: L 12.4 x W 8.9 x H 4.4 inches Brand: CLARKS
PartNumber: 26129951 MPN: CLK-Cheyn Madi-W
ProductGroup: Shoes Binding: Apparel
ISBN: Not Applicable Color: Black Tumbled Leather
Style: Not Applicable Department: womens
US Shoe Size (Women's): 9 2A(N) US

Clarks Cheyn Madi 2AN Madi Women's Slip On Women's 9 2AN US Black 22b55be -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Clarks Cheyn Madi 2AN Madi Women's Slip On Women's 9 2AN US Black 22b55be
Clarks Cheyn Madi 2AN Madi Women's Slip On Women's 9 2AN US Black 22b55be -

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%.

Clarks Cheyn Madi 2AN Madi Women's Slip On Women's 9 2AN US Black 22b55be

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Clarks Cheyn Madi 2AN Madi Women's Slip On Women's 9 2AN US Black 22b55be -
About This Author
Clarks Cheyn Madi 2AN Madi Women's Slip On Women's 9 2AN US Black 22b55be -
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
ECCO Footwear Womens Chase Ii Tie, Warm Grey, 42 EU/11-11.5 M USEarthies Ennis - Women's Ballet Flat Nude - 6 Wide , Dansko Women's Nastacia Black Croc Womens Slip EU36 / US 5.5-6 BRAND NEW!Sam Edelman Women's Carrin Platform Espadrille Slip-On SneakerTaos Women's DUO Dress Pump EU41 () Brand New!ELIE TAHARI PENELOPE Brown Leather Designer Flats Comfort 5.5 M , Donald Pliner Shoes Size 6.5 Metallic Lovage Mule Slide Flat Snake , JIMMY CHOO Taupe Snakeskin Pointed Toe Ballet Flats Size 5.5 35.5 EUC!JBU by Jambu Women's Mesa Ankle Bootie, Black, 7.5 M US , FRYE Ember Cross Comfort Ballet Flats Camel Leather Sunwash Nubuke Sz 5.5 M EUCMerrell Women's Dassie Fold Moc Slip-On Shoe, Black, 8 M USTory Burch Women's Ballet Flat Calf Hair Purple Stretch Sz. 9M $275.00 , Earthies Ennis - Women's Ballet Flat Nude - 7 Wide , CLARKS Women's May Marigold Slip-On Loafer, Black Leather, 8.5 W USSTUART WEITZMAN Made in Spain 'The Capture Flat' Nappa Mouse Beige Size 8 N NWOB , Nine West Women's Noney Espadrille Sneaker - Choose SZ/ColorCLARKS Women's Gracelin Jonas Loafer Flat, Black Suede, 090 M USSteve Madden Women's Prisila Espadrille Flat Black Leather 6.5 M US , Earthies Clare - Women's Ballet Flat Blush - 7 Medium , Earthies Clare - Women's Ballet Flat Gold - 9 MediumEarthies Clare - Women's Ballet Flat Gold - 10 MediumTory Burch Women's Black twiggie' Metal Logo Patent Leather Ballet Flats Sz 5.5ECCO Footwear Womens Bluma Summer Ballerina Ballet Flat, Licorice 40 EU/9-9.5 MMARC by MARC JACOBS flats used onceDansko Women's Brazilian Dress Open Toe Heel Sandal Size () NEW!Earthies Capri - Women's Mary Jane Ballet Flat Grey - 8.5 Medium , CLARKS Women's UN Voltra Walking Shoe, Black Leather, 9.5 W USJCrew $128 Velvet Slingback Flats Size 7.5 Bronzed Topaz G8006 sandal shoesClogs 7M Black Patent Womens Floral Detail Open Back Slip Resistant Klogs ,
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 Ladies Spot On Chunky Heel Pull On Dealer / Chelsea Style Ankle Boots - F50413 , MELROSE AND MARKET 10 Brown Leather ZANDRA Chelsea Stretch Ankle Booties Boots , Women's Merrell Siren Sport Boots Shoes Size 9.5 Outdoor Trail Brown Pink AA7 , UNION BAY RETRO BLACK SUEDE BOOTS WOMEN'S SIZE 8M BOMBER STYLEDURANGO Brown Leather Cowboy Western Boots Womens Size 8 M Style RD4112Womens Party Shoes High Block Heels Woolen Knitted Over Knee Boots US Size b132 , $129 VINCE CAMUTO TREVAN BLACK TRUE SUEDE BOOTIECaterpillar PAYTON Mid Calf Womens Casual Fashion Black Leather BootsSperry Womens Stella Leather Round Toe Ankle Fashion Boots, Black, Size 11.0 Z2u , Lucky Brand Natania Booties-Women's size 9.5 M BrackenMASSIMO DUTTI Camel Tan Suede Leather Classic Ballet Flat Bow 40 Spain Very NiceWomen's Dansko "Marilyn" Black leather booties 39 (9 US)Nine West Womens Gemily Suede Mule- Pick SZ/Color. , J.Renee Women's Dewport Ballet Flat, Platinum, Size 10.5nina ricci Snakeskin Embellished Flats, Ballet shoes 39 Size, 9 SizeMBT Anti Shoe Size 7.5 Brown Leather Pain Relief Slip On Loafers Shoes For WomenChic Women Genuine Leather Point Toe Oxfords Mary Janes Shoes Mid Heel Loafers Y , Dr. Martens Pandora Monk Double Strap Chestnut Brown Leather Women's Shoes 11 MFab Tory Burch Eddie Kid Bordeaux Suede Ballet Flats EUC 8 M Shoes , Womens Slip on Pumps Black /White Rundholz Black Label US 6, NEW LimitedSperry Top-Sider Women's Angelfish Stripe Boat Shoe Sand 7.5 M USCrown Vintage Womens Miaa Almond Toe Loafers Silver Size 9.0 LdGW$298 Authentic TORY BURCH Brielle Trainer Sneakers Silver/Navy Sz 11 NEW SALENew Balance Women elite polka dot WL999AB Capsule Shadows pack teal dark 999 WL9MINT BROOKS Ariel 14 Womens 8.5, 40 MEDIUM (B) Width Grey Pink Best in Class , Women's 'CROCO' Blue Crocodile Leather Loafers Flats , New Rocket Dog Womens Laciegg-611 Red Fashion Boots Size 6Lucky Brand Women's Heloisse Boot Brown Leather Knee High Riding 9.5 0518Fantazya Microfiber Tan Boots Womens 5.5 39 EUR Metal Embellishment RhinestonesDansko Black Leather Professional Clogs Womens Size 39 ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Clarks Cheyn Madi 2AN Madi Women's Slip On Women's 9 2AN US Black 22b55be Flats
Powered by VIP.