The Buzz
All markets and investing news all the time

Free 38-NEW People $148 IDLEWILD FOOTBED Shoes FOOTBED Sandals 3391 Leather Slides Mule SIZE 38-NEW bb41169

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: no tags or box
Brand: Free People Material: Leather
Style: Slides Heel Height: Low (3/4 in. to 1 1/2 in.)
US Shoe Size (Women's): 38 EURO Color: Black
Width: Medium (B, M) Pattern: woven
UPC: Does not apply

Free 38-NEW People $148 IDLEWILD FOOTBED Shoes FOOTBED Sandals 3391 Leather Slides Mule SIZE 38-NEW bb41169 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Free 38-NEW People $148 IDLEWILD FOOTBED Shoes FOOTBED Sandals 3391 Leather Slides Mule SIZE 38-NEW bb41169
Free 38-NEW People $148 IDLEWILD FOOTBED Shoes FOOTBED Sandals 3391 Leather Slides Mule SIZE 38-NEW bb41169 -

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%.

Free 38-NEW People $148 IDLEWILD FOOTBED Shoes FOOTBED Sandals 3391 Leather Slides Mule SIZE 38-NEW bb41169

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Free 38-NEW People $148 IDLEWILD FOOTBED Shoes FOOTBED Sandals 3391 Leather Slides Mule SIZE 38-NEW bb41169 -
About This Author
Free 38-NEW People $148 IDLEWILD FOOTBED Shoes FOOTBED Sandals 3391 Leather Slides Mule SIZE 38-NEW bb41169 -
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
MUNRO Womens 'Olympia' Black Leather Slip On Sneakers Sz 8 WideDONALD J PLINER Womens Cork Print With Studs Leather Boat Shoes Sz 7.5 MDrew ROSE Leather Mary Jane Shoes Floral Snake Print White Sz 5.5-W , VIA SPIGA - LILAC2 BLACK PERFORATED LEATHER BALLET FLAT SZ 6 RETAIL $175bernie mev women's black gem yael slip on shoes size 39 eu 8.5 - 9 us , Frye Black Camille Perf Perforated Leather Slip On Shoes 10 *NEW* $178Women's Josef Seibel Brown Leather Touch Closure Loafers Shoes $150 36 / 5.5 , Womens COLE HAAN light gold leather open toe flats sz. 5 NEW! $150Aetrex Women's Brianna Mary Jane Black Leather FlatsVionic Women's Splendid Midi Slip-on Champagne 7.5 M USMootich Colorful Low kitten Heels with Straps S 36 , Cole Haan Arlyss Block Heel Suede SkimmerMarc by Marc Jacobs Loafers & Moccasins Womens Flats Size 9.5 39.5$188.88 Donald J. Pliner Lovage Foam Vintage Metallic Leather Loafer Mule 6Christian Dior Black Leather Street Chic Loafers Driving Shoes Size 36.5 , TAOS Womens 'Marvey' Black Leather Flat Slip On Shoes Sz 38 NEW! 229655Clark's Women Flats Indigo Valley Isle Blk Suede Sz6m Rubber Sole Leather LiningJOSEF SEIBEL Womens Pewter Metallic Fashion Sneakers Sz 39ABEO Women's GIA biomechanical P.R.O. SYSTEM (stone) SANDALS (24G51002) , US 8NEW Cole Haan Hanneli Driver II (Cabernet Nubuck) - WOMEN'S SHOES SIZE 5Cole Haan Gold Snake Embossed Shelby Driving Shoes Loafers Mocs MSRP $158 NEWCOLE HAAN PATENT LEATHER BLACK FLAT SHOES CONTRAST STITCH WHITE 9 BWomen Genuine Real Leather Slippers Shoes Retro Embrodiery Fashion Mules Slip on*NIB* VINCE. Mason Lux Calf Hair Flat [Size 9/39M] Retail $275 , DANSKO Womens 'Bennett' Black Leather Ankle Booties Sz 41 NEW! 229487 , COLE HAAN Womens 'Grand OS' Ivory Leather Loafers Sz 9.5 BVIA SPIGA Edina Green/ Gold Smoking Flats, Almond Toe, 7.5M, $195 MSRPDjango & Juliette Lilyana Ballet Flats (White) , TOD'S Slip On Mules Loafer Pump Shoe Black Leather 7 37 Moc Toe Flat Italy ,
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 Aldo Gillum brown Ankle Leather Rocker scrunch heel Booties Cowgirl Boots Sz 8Classic Western Cowboy Cowgirl Boot by Nine West Sz5.5 Costume. HalloweenVTG WOMENS WRANGLER SNIP TOE COWBOY LEATHER BROWN BOOTS SIZE 8.5 M , Women Ankle Boots Short Boots Chunky Heels Boot Female Fashion Shoes Black 37 GLBogs pink Rubber Everydry Durafresh Woman Size 7 Ext. WearMuck Boots Ladies Size 8 Black with Green Soles - Made in USA (New) , New Women Patent Leather Shoes Hidden Wedge Lady Ankle Boots Gold Silver Plus sznew Black 5.5"High Stiletto Heel 1.5"Platform Round Toe Sexy Ankle Boot Size 10Aldo Brown Tall Boots Women's Size 38 , Chooka Top Solid Rain Boots 297, Black, 7 US / 37.5 EUNEW QUPID Faux Brown Leather Suede Fringe Womens Boots Size 6 Taupe Brown Shoes , Womens Platform Hidden Wedge High Heels Pull On Ankle Boots Shoes Clubwear CasuaSole Society Black Suede Cross Strap Heeled Ankle Boot NEWNIB B.O.C. Born Carla Comfort Black Leather Women's Ankle Boots 9.5 M/W Slip onSAM EDELMAN SEXY OVER THE KNEE ZIP-UP JAMES RIDING BOOTS SUEDE TAN 8.5 EUC $225 , Arche "Laius" Flat, Women's Size 42, (US 10) Black , SKECHERS Moda - Slide Thru Skechers Womens Slip On Sneaker Clogs , OLUKAI WOMENS WAIALUA MESH TRENCH BLUE SIZE 10 , VINCE Women's Platform Sneakers US 8.5M Warner Limestone Grey Nubuck Leather Zip , Womens Slip On Loafers Floral Sports Flats Round Toe Platform Casual Shoes Size , NIB Women's Aerosoles Classic 4 Give Royal Light Blue Leather Sandal Flat 8 1/2B , JCrew $178 Embellished Satin Slingback Flat 8 G7995 Faded Blossom /Pink ShoesLouise et Cie Size 6 M JOEY Iron Grey Leather Tassel Loafers New Womens Shoes , Skechers 73820 Street Womens Goldie-Daily Glamour Sneaker- Choose SZ/Color. , New Balance Women's 840v3 Running,Cross Training W840BB3 Sz US 13 , New Balance Womens 696 Lifestyle Fashion Sneaker- Pick SZ/Color. , New Balance Women's Cypher V1 Running Shoe - Choose SZ/ColorROPER ~SUEDE CUT OUT~ Slip On MULES Boots BLUE SHERPA Women's 9.5 NWTL'Artiste by Spring Step Women's Spoorti Clog Yellow Leather Clogs , New Balance W1260PW6 Pink/White Mesh Running Shoes Women's Size 8.5 ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Free 38-NEW People $148 IDLEWILD FOOTBED Shoes FOOTBED Sandals 3391 Leather Slides Mule SIZE 38-NEW bb41169 Flats
Powered by VIP.