The Buzz
All markets and investing news all the time

ZARA WOMAN PLATFORM EU39, DERBY SHOES DERBY US8, EU39, 7297/201 REF. 7297/201 26c3240




Item specifics

Condition: New without box :
A brand-new, unused, and unworn item (including handmade items) that is not in original packaging or may be missing original packaging materials (such as the original box or bag). The original tags may not be attached. For example, new shoes (with absolutely no signs of wear) that are no longer in their original box fall into this category. See all condition definitions- opens in a new window or tab
Seller Notes: NEW WITH TAGS
Brand: ZARA Width: Medium (B, M)
Style: Platform Color: Black
US Shoe Size (Women's): 8 Occasion: Casual
UPC: Does not apply

ZARA WOMAN PLATFORM EU39, DERBY SHOES DERBY US8, EU39, 7297/201 REF. 7297/201 26c3240 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
ZARA WOMAN PLATFORM EU39, DERBY SHOES DERBY US8, EU39, 7297/201 REF. 7297/201 26c3240
ZARA WOMAN PLATFORM EU39, DERBY SHOES DERBY US8, EU39, 7297/201 REF. 7297/201 26c3240 - 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%.

ZARA WOMAN PLATFORM EU39, DERBY SHOES DERBY US8, EU39, 7297/201 REF. 7297/201 26c3240

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
ZARA WOMAN PLATFORM EU39, DERBY SHOES DERBY US8, EU39, 7297/201 REF. 7297/201 26c3240 - hollisbaker.com
About This Author
ZARA WOMAN PLATFORM EU39, DERBY SHOES DERBY US8, EU39, 7297/201 REF. 7297/201 26c3240 - 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
 
Dr. Martens Pandora Monk Double Strap Chestnut Brown Leather Women's Shoes 11 M , STUART WEITZMAN WOMEN'S SHOE SIZE 7M NEW NO BOX MADE IN SPAINVANELi Womens Aleria Closed Toe Loafers , Po-Zu Jules off-white Women's Oxford Ecological Comfortable Shoes Size 40 USPaul Green Patent Cap Toe Ballerina flats - Knot Bow-Size US7 $289 (P4) , "FINN COMFORT" Made in Germany Women's Leather Sneakers Very Good Con Sz 8 WideJ Crew $158 Suede d'Orsay Flats Womens Shoes Sz 10.5 #c0445 Vivid Cerulean NEWJACK ROGERS WOMEN'S ZOOEY BALLERINA FLATS COFFEE CHAINLINK FABRIC US SIZE 8.5 MOld Friend Women's Curly Sheepskin Classic Slip On Clog Shoes Burgundy 340154FITFLOP MICRO WOBBLEBOARD BROWN SUEDE LEATHER OXFORDS SIZE US 5 UK3 NEW $!40 , Chloe Copper Tone Metallic Crackled Leather Scalloped Edge Round Toe Flats SZ 36 , Clarks Women's Reeney Helen Slip-On Shoes , $175 Tory Burch Ballet Flat , Purple, Size 6.5, now only $79NIB $225 M MACCARI Bryce TAUPE Viper Print SUEDE Flat Shoes Womens 41 10.5 11 M , Naot Sz 41 Mary Jane Clog Strap Brown Leather Israel , Fly london Yuca839fly Sand Womens Leather Wedge Shoes , Cole Haan LAUREL Moc Maple Sugar Croc Print Leather Loafers Shoes Womens 7 NIBNEW! DELMAN Black Leather Stud Ballet Flat Shoes Sz 7 Made in Spain $395Django & Julliette Ballad Leather Casual Green Flat Size36 NEWLKNW Black COLE HAAN Kiltie Horsebit Ballet Flats Tassel Loafers Shoes 6 B ITALY , Mephisto Mobils 7.5 Burgundy Zip Oxford Women's Shoes , Munro Yale Slip-on Oxford- Women's Size 9 N, Black , Stuart Weitzman Womens NWB Pirata Black Soft Patent Shoes 8 MED Display ModelWomen's Sesto Meucci Slides Dark Brown Size 9.5M $75AGL Black Cap Toe Ballet Flat Size 36Donald Pliner Elen Degrade Velour Loafer Size 9OLUKAI WOMENS WAIALUA CANVAS PALE GREY SIZE 7Via Spiga Toni Suede Platform Tassel Loafers, Women's Size 8M, SandPropet Wash N Wear Slip On II - Grey - Womens
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 Womens Ladies Knee High Casual Walking Winter Biker Boot Shoe Size 3-8Uk , Via Spiga Black Suede Leather Wedge Heel Ankle Boots Size 7.5MBlack Green & Pink BIT & BRIDLE Western Style Rubber Boots w/Horse Design US 7 , Blowfish Women's Sill Textile And Faux Leather Ankle-High Microfiber Boot , Escarpins à Brides EL NATURALISTA Cuir Bordeaux T 36 BON ETAT , Kamik Evelyn Women's Boot Dark Brown/Brun Fonce WK2157 , American Rag Womens BAYLIE Closed Toe Ankle Platform Boots, Chestnut, Size 9.5 x , Minnetonka Brown Taupe Suede Fringe Moccasin Ankle Boot 5 , **Vionic Spark Surin Flats - Women's Size 7 - GoldDANSKO Misty Black Leather Patent Trim Mary Jane Shoes Clogs Sz.37/ 6.5-7SAS Womens Traveler Size 8 N Brown Leather Walking Shoes Oxfords MoccasinsWomans Vintage FRYE Brown Square Toe Harnes Leather Ankle Boots Size 6.5 MDANSKO WOMENS CLOGS PROFESSIONAL NAVY BURNISHED NUBUCK SIZE , Clarks Originals Women's Brown Leather Shoes 7.5 MVince Cage platform suede sneaker gray size 8 $225Emu Australia Women Slip On Leather Sneaker Brunswick Fur Spot W11374Clarks Unstructured Un Loop Loafers-Women's size 6.5 W BlackRowen suede ballet flats with ornate toe detail MUST SEE THESE!!! SZ (8) , Authentic Roger Vivier GOLD Leather Buckle Chip Flat Sz 36.5 limited 6.5 ITALYSIMONE ROCHA metallic gold leather pointed toe oxfords sz. 39 NEW!Fila Womens Memory Maranello 4 Running Shoes Size 8.5 (21683)**Skechers Skech-Air Infinity Vivid Color Athletic Shoes - Women's Size 8.5,Mint , Athletic Women's Salomon Speedcross 3 Sneakers Running Outdoor Hiking Shoes new , John Fluevog Leather Operettas Brightman Ladies size 7.5LAUREN Ralph Lauren Women's Briley-FL Modern Navy Super Soft Leather ShoeTaryn Rose Women's Elene Haircalf Ballet Flat Terracotta Size 9.5Versace 19.69 E08 LAMINATO ARGENTO ballerina shoes Women's Silver USNike Women's Metcon 2 Training Shoes Size 1124 HOUR COMFORT Bobbi Women Wide Width Classic Cushioned Leather Slip On Shoes , Adidas Ultra Boost X Running Women's Shoes Size
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
ZARA WOMAN PLATFORM EU39, DERBY SHOES DERBY US8, EU39, 7297/201 REF. 7297/201 26c3240 Flats
1536295
2561590
5260301
5818731
6587082
7732498
13776609
15520186
16256395
Powered by WordPress.com VIP.