The Buzz
All markets and investing news all the time

Eastland 3072-79 Walnut Womens 26936 Carly Slip-On Womens Loafer Walnut Size 9.5M 235493e




Item specifics

Condition: Pre-owned :
An item that has been used or worn previously. See the seller’s listing for full details and description of any imperfections.See all condition definitions- opens in a new window or tab
Seller Notes: Excellent Condition, Store tried on
Brand: Eastland Color: Walnut
Model: 3072-79 Width: Medium (B, M)
MPN: 3072-79 Material: Leather
Style: Causal Heel Height: Low (3/4 in. to 1 1/2 in.)
US Shoe Size (Women's): 9.5 Heel Type: Block
Size Type: Regular Country/Region of Manufacture: China
Material Type: Leather

Eastland 3072-79 Walnut Womens 26936 Carly Slip-On Womens Loafer Walnut Size 9.5M 235493e - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Eastland 3072-79 Walnut Womens 26936 Carly Slip-On Womens Loafer Walnut Size 9.5M 235493e
Eastland 3072-79 Walnut Womens 26936 Carly Slip-On Womens Loafer Walnut Size 9.5M 235493e - 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%.

Eastland 3072-79 Walnut Womens 26936 Carly Slip-On Womens Loafer Walnut Size 9.5M 235493e

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Eastland 3072-79 Walnut Womens 26936 Carly Slip-On Womens Loafer Walnut Size 9.5M 235493e - hollisbaker.com
About This Author
Eastland 3072-79 Walnut Womens 26936 Carly Slip-On Womens Loafer Walnut Size 9.5M 235493e - 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
 
Rockport Womens Adelyn Ghillie Leather Pointed Toe Ballet Flats, Black, Size 6.0B.O.C Womens Laurene Closed Toe Loafers, Navy, Size 10.0 , JEAN-MICHEL CAZABAT Women's Mariela Wedge - Stone - Multi SZ NIB - MSRP $245Tommy Hilfiger Women’s Brown Leather Driving Mocassins Size 8.5 , Jambu Womens Bailey Leather Closed Toe Mary Jane Flats, Wine, Size 10.0BOUTIQUE 9 YENDO Black Fabric Designer Loafers Comfort 5.5 MCole Haan Grant Black Leather Women's Flats Loafers Shoes Size US 5 MNaturalizer Womens channing Leather Almond Toe Loafers, Graphite, Size 10.0Enlighten Vex Dark Purple Slip-On (Women) , Chinese Laundry Kristin Cavallari Womens Cambrie Suede, Clay Suede, Size 7.5 , Trotters Womens sarina Closed Toe Ankle Strap Slingback Flats Black Size 8.0 7 , Jeffrey Campbell Play Floral Canvas Platform Shoes Womens Blk High Top TrainersEasentials Etienne Aigner Mary Jane wedge women black shoes worn once US 8,5 MCole Haan Womens elsie bow Leather Pointed Toe Ballet Flats Black Size 8.0 My5BOUTIQUE 9 NEEKKO Multi-Colored Suede Designer Flats Comfort 6.5 M , Nine West Women's Florent Pump, MultiColor, Size 7.5BOBS from Skechers Women's Flexpadrille 2 Flat , Trotters Womens sizzle Closed Toe Ballet Flats, White Pearl, Size 8.5BOUTIQUE 9 NEEKKO Multi-Colored Suede Designer Flats Comfort 7.5 MNaturalizer Women's Emiline Slip-on Loafer Black Size 7.0VERA WANG LAVENDER METALLIC SNAKE MOC LEATHER PEEP TOE JEWELS FLATS WOMEN'S 5 M , JEAN-MICHEL CAZABAT Women's Zesta Wedge - Tan - Multi SZ NIB - MSRP $295! , Propet Nyla Loafer, Denim, Size 8.0Easy Spirit Women's Luna Mary Jane Flat Black Size 9.0 , Bates Womens Lites Leather Closed Toe Oxfords, White, Size 5.0Ladies Van Dal Bright White Ballerina Flats - Marianna (Shop Soiled) , $225 RAFE New York PAVE Bordeaux Patent Velvet Designer Ballet Flats 7 , Spring Step Womens livana Open Toe, Gold, Size 6.0 , ARRAY Womens Madison Leather Closed Toe Ballet Flats, Beige, Size 12.0 ,
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 BearPaw Boots Emmas Women's Size 8 Tan Suede Sheepskin Mid Calf , J. Renee Revel Women's Short Boot - Snakeskin Leopard Print 13MSeaVees Women's 02/60 7 Eye Trail Boot Black Pull Up Leather Boots NEW Sz 5.5* , Black And White Polka Dot Rain Boots Size 9 , Bare Traps Womens Sesame Closed Toe Ankle Fashion Boots, Dark Brown, Size 9.0 uu , Born Crown W21734 Womens Boots Mid Calf Sz 8Barbara Bui Brown boots /37.5 AuthenticTOM'S Black Suede Leather Zip High Heel Ankle Boots Booties Size 8 , VIA SPIGA WOMENS TALL BLACK LEATHER HIGH HEEL BOOTS LYRA SIZE 9.5M C131Thalia Sodi Womens Ryliep Pointed Toe Ankle Fashion, White patent, Size 7.0EUC BORN NAVI Women's US 9M Boots Brown Burnished Leather Knee High Heel W6424 B , Sol Sana Womens Boots Heels Size 38 8 Black Suede Leather , WOMENS GOTHIC BLACK LEATHER CRISS CROSS BUCKLE MIDCALF COMBAT BOOTS 10.5B 41.5 , New Steve Madden Lorreta Womens Size 10 Black Leather Fashion Mid-Calf Boots , Sam Edelman Women's 'Rudie' Studded Fringe Bootie size 8.5 NIB $170 MSRPMephisto Womens Emilie Ballet Flat- Pick SZ/Color.Maison Martin Margiela MM6 Gray Nubuck Suede Penny Loafers Flats Size 37.5Drew Women's Basil Black Comfort ShoesAmalfi by Rangoni Women's Besito Fashion Sneaker, White, 10 M US , Wanted Shoes Womens Stowe Low Top Bungee Fashion Sneakers, Black, Size 9.0 TqWkWomens Fashion Canvas Denim Low Top Causal Slip On Loafers Comfort College Shoes , Brooks Ariel Womens Runing Training Size 9.5Oliberte navy nubuck Blanca leather flats display/sample 7M New no box save $!Tory Burch Miller Thongs Beige Leather Shoes Flip Flops 7 Slides Mules SandalsOnitsuka Tiger Colorado Eighty Five Women's ShoesNIKE ROSHE RUN GREEN RARE COLOR WOMEN'S RUNNING SHOES 100% AUTHENTICWOMENS SKECHERS GO WALK 2 PINK SLIP ON WALKING SHOES SN13640 SIZE 7.5 (379) , Women's CLARKS Women's Darleigh Cora Sneaker Flats , Womens round toe Winter Furry Warm Snow Boots Hidden Heels Mid Calf Boots , New Balance Women's Arishi v1 Luxe Fresh Foam Runn - Choose SZ/color ,
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Eastland 3072-79 Walnut Womens 26936 Carly Slip-On Womens Loafer Walnut Size 9.5M 235493e Flats
317902
4159761
6959420
8481466
10150789
12469663
16332303
17326599
18834486
Powered by WordPress.com VIP.