The Buzz
All markets and investing news all the time

Beautiful Loafers, localjoes-8226 Amalfi by Rangoni Amalfi Women’s Loafers, Gorgeous Black Cashmere, Size 7 46fc21d




Item specifics

Condition:
Pre-owned: An item that has been used or worn previously. See the seller’s listing for full details and ... Read moreabout the condition
Style: Loafers
Heel Height: Low (3/4 in. to 1 1/2 in.) Brand: Amalfi by Rangoni
Color: Black US Shoe Size (Women's): 7
Material: Black Cashmete & Leather Occasion: Business, Evening, Casual - Very Versatile
Width: Medium (B, M)

Beautiful Loafers, localjoes-8226 Amalfi by Rangoni Amalfi Women’s Loafers, Gorgeous Black Cashmere, Size 7 46fc21d - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Beautiful Loafers, localjoes-8226 Amalfi by Rangoni Amalfi Women’s Loafers, Gorgeous Black Cashmere, Size 7 46fc21d
Beautiful Loafers, localjoes-8226 Amalfi by Rangoni Amalfi Women’s Loafers, Gorgeous Black Cashmere, Size 7 46fc21d - 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%.

Beautiful Loafers, localjoes-8226 Amalfi by Rangoni Amalfi Women’s Loafers, Gorgeous Black Cashmere, Size 7 46fc21d

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Beautiful Loafers, localjoes-8226 Amalfi by Rangoni Amalfi Women’s Loafers, Gorgeous Black Cashmere, Size 7 46fc21d - hollisbaker.com
About This Author
Beautiful Loafers, localjoes-8226 Amalfi by Rangoni Amalfi Women’s Loafers, Gorgeous Black Cashmere, Size 7 46fc21d - 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
 
Rocky 4EurSole Womens 5.5 6 36 Nursing Clog Shoes Marble Patent Leather BlackBERNIE MEV FAME - Fame Size: - Color:Womens GEOX Sparkling Beige Sneakers Espadrilles Sz. 39Frye Women's Gwen Perforated Leather Slide, 5.5 , Dansko 36 Shyanne Full Grain Saddle , Sam Edelman lela sneakers(women’s) size 9m , ECCO Womens 'Bluma' Morillo Leather Textile Toggle Sandals Sz 42 - 231046Naot Kirei Mary Jane Women's Shoes Leather/Suede Gray Slip On Moccasins Sz 37/6 , Johnston & Murphy Women's Jodi Perfed Slide Sandals, Gold Metallic Suede-Sz 8.5M , French Sole New York Motif Ballet Flats, Zebra Tapestry, 5 USSam Edelman Rae Women's Black Suede Flats Sz 6.5 1037women's shoes DR. MARTENS 6 () Ballet Flats Black Canvas BT243-37FITFLOP Womens 'Superskate' Black Tassel Leather Loafers Sz 7UNIQUE VIA SPIGA CANVAS ANIMAL PRINT PATENT LEATHER BALLET FLATS US 11? HOTWomens SANTINA brown leather clogs shoes sz. 37 $129 , Dansko Deni Fringed Clog - Women's Size 10.5/11, BlackTORY BURCH Gold Metallic Ballet Flats Great Condition!!!!NWOB Donald Pliner black studded loafers Size 7 M , JEAN-MICHEL CAZABAT Women's Babouch Mule - Black Suede - Multi Sz NIB MSRP $370Areni One By Deer Tracks Orthopedic Bronze Mary Jane Pilgrim Shoes Cloud 9 WNEW JCREW KIKI BALLET FLATS IN PAINTED PANSY F8149 10 WARM MULTI $168 SOLDOUT! , NEW Free People Balboa Darby Leather Moto Zip Ankle Loafers Boots Size 36 , Johnston & Murphy Pewter Metallic Leather Maggie Camp Moc Flat Shoe 7 New , TORY BURCH Townsend 7.5M Leather Loafer Slip On Gold Logo $225 , GIUSEPPE ZANOTTI MULTICOLOR SWIRL SATIN WHITE PATENT CAP TOE BALLET FLATS 37 7 , Nurture Mayler Snake Embossed Leather Ballet Flats, Navy, 9 M , Dansko Size US 5.5 6 Blue Canvas Loafers New Womens ShoesCole Haan LAUREL Moc Maple Sugar Croc Print Leather Loafer Shoes Womens 10 NIB , Jeffrey Campbell Sarika Embellished Black Gold Babouche Mule Slides Sandal Sz 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 Women Adult Soft Plus Velvet Winter Autumn Fur Warm Snow Leisure Ankle BootsWomen's 9.5 B M Justin Gypsy Tan Jaguar Square Toe Cowboy Boots L2900boots women size 8.5, RAMPAGE, color:Black org.$79.00/now only $39.99 � , womens vero couio size 37.5 italian leather high heel Brown boots Sz 6.5 USnew ladies Tan 1.5" Block Heel Sexy Knee Boot Buckle Size 10 , 430))Circus San Edelman Cane Combat Ankle Boots Black Color Women’s Sz 8 , Polar Bear Boots Women’s Size 6 Black Brand New , Sol Sana Women's Black Suede Knee-High Boots - , NIB ANN TAYLOR Irina Floral Embroidered Suede Slide Shoes US 10 $148 Black , Dan Post Women’s El Paso Beige Brown Pointed Toe Cowboy Western Boots Size 9M , Dansko Buffy Gray Suede Ankle Boots Women's Size US 8.5Cougar Women's Royale Hand Made Ankle-High Rain Boots, Several Colors , Womens NOT RATED Tuts Up Brown Knee High Western Distressed Harness Boots Sz 8.5 , Eric Michael Women's Black Straight Fawler Heel Zip Up Mid Calf Boots Size , Madden Girl Women's Klaim Combat Booties Black Size Size 9.5 M , New Jeffrey Campbell Rosalee Bootie Black Size 5Zee Alexis Womens Molly Ankle Boots Black 9.5 MDansko Sandra Nubuck Black Wedge Heel Mary Jane Size 40 1251-107200Ladies Clarks Black/Nevy Casual Shoes Everlay Kennon (E Fit)Sperry Top-Sider Women's Authentic Original Two-Eye Boat Shoe - Choose SZ/ColorSaucony 8mm Offset Gray Women's Running Sneakers size 10M 122216-3 R1-A4 , Skechers Sport Premium Athletic Sneakers Black Leather Nubuck Women’s Size 8.5LADIES SHOES/FOOTWEAR - MG Sandal Janice black , New Balance W490V4 Running Shoe-W Womens 490v4 Shoe- Choose SZ/Color. , Skechers Women's Bella Fashion Sneaker - Choose SZ/Color , Puma Eskiva Hi Remaster Red White Leather Fashion Sneakers Shoes Womens 9 , Women's Skadoo ladies sneaker/shoes size 7 Athletic Shoes , Women's NEW LUCA VALENTINI WOMENS MULES Flats , Round Toe Chunky Low Heel Back Zipper Buckle Knee-high Leather Women Boots Ths01 , Nine West Women's Lecia Heeled Sandal
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Beautiful Loafers, localjoes-8226 Amalfi by Rangoni Amalfi Women’s Loafers, Gorgeous Black Cashmere, Size 7 46fc21d Flats
387735
2514565
9605500
10746089
11460111
14383321
14957536
18396195
18968221
Powered by WordPress.com VIP.