The Buzz
All markets and investing news all the time

Tory Burch Gemini Laopard 24370 localjoes-24369 Brown Leather Tory Loafer Flats Sz 8 5001ac1

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
Brand: Tory Burch
Style: Loafers US Shoe Size (Women's): US 6
Pattern: Animal Print Heel Height: Low (3/4 in. to 1 1/2 in.)
Color: Brown Material: Leather
UPC: Does not apply

Tory Burch Gemini Laopard 24370 localjoes-24369 Brown Leather Tory Loafer Flats Sz 8 5001ac1 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Tory Burch Gemini Laopard 24370 localjoes-24369 Brown Leather Tory Loafer Flats Sz 8 5001ac1
Tory Burch Gemini Laopard 24370 localjoes-24369 Brown Leather Tory Loafer Flats Sz 8 5001ac1 -

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 Burch Gemini Laopard 24370 localjoes-24369 Brown Leather Tory Loafer Flats Sz 8 5001ac1

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Tory Burch Gemini Laopard 24370 localjoes-24369 Brown Leather Tory Loafer Flats Sz 8 5001ac1 -
About This Author
Tory Burch Gemini Laopard 24370 localjoes-24369 Brown Leather Tory Loafer Flats Sz 8 5001ac1 -
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
G2000 - Luxury Handmade Genuine Leather Shoes , AUTH $265 Tory Burch Women Adden Vitraux Snake Print Flat Ballet Shoes , Jimmy Choo "Whirl" Cork & Gold Leather Cap Toe Ballerina Flats. Wm Sz 40 M.Italy , Prada Black Patent Pointed Square Toe CZ Detail Flats Size 6.5New! Tory Burch Lawrence Tassle Moccasin - Size 5 , Drew Women's Rose Comfort Shoes Copper Metallic , Miz Mooz Women's Tennessee Flats in EggplantCYDWOQ Brand Luxor size 38 Silver Distressed Leather Scallop Edge Shoe MetallicPRADA * 8 * 38 * Brown Crocodile Ballerina Flats Cocco Lux Shoes , Tory Burch Gemini Link Black Leather Loafer Size 9 Slip On , NIB Boden Icons Cynthia Embellished Black Gold Velvet Slippers Mules 42 $230 , Tory Burch Reva Ballet Flats Cobra Print Black-Natural , Drew Women's Antwerp Comfort Shoes Taupe Leather StretchCalvin Klein Womens Haide Ballet Flat- Select SZ/Color. , Chloe CH11482 Olive Coconut Patent Leather Ballet Flat 8 38 NIB $500Tory Burch BLOSSOM Ballerina Flat Brown Leather Ballet Shoe Gold Logo Size 8NWOB $475 NICHOLAS KIRKWOOD Beya Suede Loafers Shoes | 40/10 | Orangish Red$325! NEW NIB Women's TORY BURCH KINGSBRIDGE RED AGATE BALLET FLATS SHOES 8.5 !! , Drew Women's Rose Comfort Shoes Brown ComboDrew Women's Monaco Dress Shoes Dusty Black Leather , TORY BURCH Luisa Micro Tumbled Leather Ballet FlatTaryn Rose Womens Walking Shoe- Select SZ/Color. , Dr. Martens Black Salome Patent Lamper Block Heel Oxford Shoes, size 7 , NEW Eileen Fisher Women's Shoes Fame Leather Pump Quartz Size 8 $225 , NIB Women's Cole Haan Studiogrand Leather Suede Fashion Sneakers in Navy W12368Manolo Blahnik Royal Blue Velvet Marria Jeweled Slippers Womens Size M , NWT Tory Burch Rosemont floral embroidered ballet flat. Size 9.5 Orig MSRP $525CHIE MIHARA SHOES BEATNIK MONK STRAP LOAFER FLATS BUTIK PRINT 9 BROWN GOLDPRADA 3F4358 Scrunched Flat Ballet Shoes Women Size 36.5 Dark Green Army Pattern
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 Easy Street Women's Felicia Winter Boot Taupe Suede 7.5 B(M) USMadden Girl Womens Knee High Zip Up Boots Western Style Size 10M , White Mountain Women's Light Brown Faux Fur Lined Leather Trim Boots 9.5 MNordstrom Tall Black Leather Moto Boots Made In Italy Size 8 , NEW Women's ARIAT Square Toe FRINGE Boots, Powder Brown Suede, Sz 7.5 M - Sweet , NEW Chinese Laundry Womens Sz 8.5 'Once More' Black Corduroy Ankle Boots ChunkyAbate Womens Boots Size 10 Black Mid Calf Fashion 4 in High Heel FashionMichael Antonio Tan 5" High Heel Round Toe Sexy Knee Boots Size 5.5Merona Women 6 Brown Tall Riding Boots Side Full Zip$199 BCBG Max Azria Womens Lexy Knee High Zipper Boot Shoe, Dark Caramel, US 8.5 , Don Ed Hardy Rain Snow Boots Tiger DRAGONS USED SZ US 5Ladies Winters Boots Mid-calf Waterproof PU Plush Fur Warms Woman Fashions Shoes , PRE-Owned Franco Sarto Clarity Women Black Knee High Boot 7M , AIRWALK NIA Womens Shoes COZY ANKLE BOOTS Rain WINTER Snow CASUAL GRY Size 7 NEWCole Haan Air Whitley Black Leather Knit Cuff Riding Knee High Boots 7.5 B , 1970s MISS CAPEZIO Vintage L393 Tan Leather Western Cowgirl Boots 9.5 M , BORN Leather Western Ankle Booties Cowgirl Southwest Cowboy Boots Women 7.5NEW Asos London Rebel Tilly Black Textile OTK Wedge Boots(4.5")US 7-7.5//38Via Spiga Size 6.5 M Edina Green Pink Flats New Womens Shoes , Olive Green Shoemint Bootie Size 9Women's Ladies Black Strappy Ankle Booties 5.5, 6, 7, 7.5, 8, 8.5, 9,10 Size NEWTory Burch Brown Quilted Satin Tatiana Pearl-embellished Sandals Shoes Mules 8free People Womens US6/6.5 EU36 Brown Suede Reptile Embossed New , Sam Edelman Women's Leora Slip-On Loafer Black 10 M US , Clarks Juliet Lora Black Leather Womens Slip-On Size 10MCole Haan Womens Florencesam Closed Toe Boat Shoes, Blue/White, Size 6.0Skechers Women's GOwalk Joy Gratify Slip-On Walking ShoeWomen's Asics Gel Kayano 22 Running Shoes sz 10.5 Teal Hot Pink Lite Show T5A6NMerrell Crush Glove Barefoot Minimalist Athletic Shoes Purple VIBRAM Womens 9Women's Glitter New Trend Ankle Boots Boots ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Tory Burch Gemini Laopard 24370 localjoes-24369 Brown Leather Tory Loafer Flats Sz 8 5001ac1 Flats
Powered by VIP.