The Buzz
All markets and investing news all the time

Steve 11.0 Madden Womens Ecentrcq Low Size Low Top Slip On Fashion Sneakers, White, Size 11.0 f38526b




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: Steve Madden
Pattern: Solid Width: Wide (C, D, W)
US Shoe Size (Women's): 11 Material: Synthetic
Style: Running, Cross Training Color: White
UPC: 829105916050

Steve 11.0 Madden Womens Ecentrcq Low Size Low Top Slip On Fashion Sneakers, White, Size 11.0 f38526b - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Steve 11.0 Madden Womens Ecentrcq Low Size Low Top Slip On Fashion Sneakers, White, Size 11.0 f38526b
Steve 11.0 Madden Womens Ecentrcq Low Size Low Top Slip On Fashion Sneakers, White, Size 11.0 f38526b - 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%.

Steve 11.0 Madden Womens Ecentrcq Low Size Low Top Slip On Fashion Sneakers, White, Size 11.0 f38526b

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Steve 11.0 Madden Womens Ecentrcq Low Size Low Top Slip On Fashion Sneakers, White, Size 11.0 f38526b - hollisbaker.com
About This Author
Steve 11.0 Madden Womens Ecentrcq Low Size Low Top Slip On Fashion Sneakers, White, Size 11.0 f38526b - 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
 
NEW Puma Clyde x DIAMOND SneakersNEW Adidas Women's Clima Volume II Various Sizes G50416Bar III Womens Hint Low Top Slip On Fashion Sneakers, White, Size 7.5 nyTRNew Balance Sneakers WR850ST, Size 6B, New In Box, White with Blue , New Women Casual Sport Leather Spliced Sneaker High Top Hidden Heel Shoes Hkm15Clarks Wos Shoes Sneakers US 9 M Brown Leather Purple Elastic Walking 5246Bar III Womens Hint Low Top Slip On Fashion Sneakers, White, Size 7.5 L7xs , Seychelles Women's Even Better Sneaker Silver Size 9.0 , jslides J/Slides Audra Taupe Metallic Leather Platform Flatform Fashion SneakersNIKE Ladies HYPERVENOM VOLT Soccer Cleats Size US 6.5Nike Women's Flex 7 TR7 Cross Trainer Running Shoe Sz 5 10.5 11 White SneakerBar III Womens Hint Low Top Slip On Fashion Sneakers, White, Size 7.5 ohp9 , Woman Rainbow 301ALTSN Premier Leather Single Layer Narrow Sierra Brown NewNew Nine West Telly Women Fashion Sneaker Shoes Size 10.5 , NIB VANS SK8-HI SLIM ZIP IRIDESCENT EYELETS WILD ROSE PINK WOMENS 5.5 MENS 4Aetrex Women's V559 Silver/Purple Runner Sneaker , New Women's sports shoes Breathable Sneakers Casual Shoes Running Shoes TrainerVans Black & flower Print Skate Shoes Sneakers SIZE US MEN'S 9.5 WOMEN'S 11 , Women Adidas BB5204 Court vantage Running shoes white black sneakersUnder Armour Women's 12 M Speedform AMP 2.0 Cross-Trainer Shoe Black/WhiteWomen genuine Leather Sneaker Platform High Wedge Heels Slip On Casual Shoes sZ , SPERRY TOP-SIDER FOR J. CREW WOMENS BOAT SHOES SEERSUCKER SZ 9 BRAND NEW , NEW UNDERGROUND ENGLAND RED TARTAN JOLLY ROGER FLATS SHOES SNEAKERS UK LADiES 4KEDS Floral Rose Garden Canvas Sneakers Tennis Shoes Women's Sz 10M AwesomeKeen Wos Shoes Walking 53042 US 8 Brown Leather Green Suede Slip-on 5328BROOKS Womens Pureflow 6 Black/Teal Running Training Athletic Shoes Size 10 VGC!Nike 6.0 Dunk SE Low 442471-601 Maroon Red Suede Leather Womens 7.5 Shoes , SALOMON XA COMP 5 ortholite comfort foam adventure running shoes size 8Asics gray/green mesh, high traction, cross training sneakers, 6 ,
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 Report Women's Bradshaw Ankle Bootie, Khaki, 6.5 M USLucky Brand Womens Ramses Red Suede Ankle Boots Shoes 6 Medium (B,M) BHFO 0241 , Denver Montana Boots Brown Leather Great Design Womens Size 7.5 Clogs Square ToeKnee Length Black Faux Leather Open Toe Boots Size 6 Camellia Cut Out And BlingNocona Ladies 8 B NL5030 Sassy Tan Karma Turquoise Accented Western Boots , Minnetonka AUTHENTIC 5 layer fringe boots EUC!!! , FLY London Suede Brown Boots Size 37Khombu Womens alta spirit Closed Toe Mid-Calf Cold Weather, Black, Size 8.5 s3fMIsaac Mizrahi Cognac Brown Leather & Suede Kierra Wedge Ankle Boots 8 SALENEW MUCK MUCKSTER II ANKLE BOOT BLACK PINK WOMENS WATERPROOF INSULATED FAST SHIPOTBT Womens CUSTER Sandstone/Brown Leather Ankle Boots US 8M (W29029-034)green label relaxing Shoes 256685 Blue LTommy Hilfiger Womens NATALAI Suede Round Toe Ankle Fashion, Blue, Size 11.0 G3Q , $250 Tsubo "Meroe" Knee High Women's Flat Leather Boots 5.5US/36.5EU/4UK , 'Myrah' Faux Fur Waterproof black winter Boot sz 7 -6 by SANTANA CANADA , HUNTER Shoes 306674 Multicolor 3 , Birkenstock Boston in Zinfandel EU Sizes 36 Women's Sandals , Newbark Los Angeles X Theory LIZA Faux Fur Mule Slide Flat Shoe 7.5 BLK NIB 295Luca Grossi 086 Metallic Gray Patent Leather Sheepskin Shoes 35 / US 5 , JCREW BIELLA HIGH-HEEL LOAFERS - SIZE 8 - SOLD OUT!!Vera Wang Lavender Women's Lillian Ballerina Flats Bronze Leather 6 M , Hot Chocolate Design Chocolaticas Shanthi Women's Mary Jane Flat MulticolouredTORY BURCH flat shoes rubber black ribbonNEW ECCO CORSE SLIP ON VERY SUPPORTIVE WALNUT LEATHER SIZE 10-10.5 US / 41 EU , J.Crew Collection Calf Hair T-Strap Flats Black White Spots Sz 12 $258 E0024 NEW , Skechers 12838 Ultra Flex Metamorphic Women White shoe , VANS New Old Skool Metallic Snake Vault Lady size USA 7Women's ECCO Women's Lynx Fashion Sneaker Athletic Shoes , Women's Lucky Women's LK-FAITHLY2 Ankle Boot Boots , New Balance Women's Fresh Foam CRSv1 Cross Training Shoe Black/White ,
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Steve 11.0 Madden Womens Ecentrcq Low Size Low Top Slip On Fashion Sneakers, White, Size 11.0 f38526b Athletic Shoes
133437
490501
8084362
11751610
12499525
12746720
13712328
15209924
18354653
Powered by WordPress.com VIP.