The Buzz
All markets and investing news all the time

Penelope Chilvers FANTASTIC 27676 silk IKAT 7 print sneakers Chilvers 7 $280 London HALF PRICE 96745eb

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: one shoe missing insole pad others like new excellent condition
Material: Silk Color: mixed earthy
Brand: Penelope Chilvers Pattern: IKAT print
Heel Height: Flat (0 to 1/2 in.) Occasion: versatile
Width: M Fastening: tie
Style: fashion sneakers US Shoe Size (Women's): 7

Penelope Chilvers FANTASTIC 27676 silk IKAT 7 print sneakers Chilvers 7 $280 London HALF PRICE 96745eb -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Penelope Chilvers FANTASTIC 27676 silk IKAT 7 print sneakers Chilvers 7 $280 London HALF PRICE 96745eb
Penelope Chilvers FANTASTIC 27676 silk IKAT 7 print sneakers Chilvers 7 $280 London HALF PRICE 96745eb -

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%.

Penelope Chilvers FANTASTIC 27676 silk IKAT 7 print sneakers Chilvers 7 $280 London HALF PRICE 96745eb

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Penelope Chilvers FANTASTIC 27676 silk IKAT 7 print sneakers Chilvers 7 $280 London HALF PRICE 96745eb -
About This Author
Penelope Chilvers FANTASTIC 27676 silk IKAT 7 print sneakers Chilvers 7 $280 London HALF PRICE 96745eb -
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
Stuart Weitzman Shoes Pumps Heels Evening Dressy Rhinestones Stretch Black 7.5 BFlex & Go Uver Womens Comfort Leather Ballet Flats Made In Portugal , Merrell Size 8.5 MIMIX HAZE Simple Taupe Leather Flats Loafers New Womens ShoesBaldan Grey Snow Leopard Print Pony Flat W/ Ankle Closure Size 40 , Valentino Garavani Blue Denim Rosette Embellished Ballet Flats SZ 35.5 , Jimmy Choo Tan & Brown Pony Hair Flats, Size 6 , Muck Muckster Clog Black Purple Womens Rubber Waterproof Slip-On Rain ShoesECCO Brown Suede Loafers Womens Size US 7/7.5 Casual Shoes Flats $150J.CREW KIKI LEATHER BALLET FLAT IN PAISLEY SIZE 7M PINK MULTI F5514 , SAS Walk Easy - Sage Size 8 M , Sam Edelman Loraine Bit Loafer Dusty Blue 9 M , Betsey Johnson Blair Dot Black Gold Glitter Red Heart Sneakers Size 8.0 Shoes , Womens 10 B M Cole Haan Air Bria Brn Leather Ballet Flat Shoes Mary Jane ComfortCOLE HAAN Ballet Flats Shoes Black Patent Leather AIR Women's US 7 $160 , Rieker L5263 Women's Slip-ons Low Shoes, Sneakers Trainers Black NEWBirkenstock FOOTPRINTS Women's Navy Leather GERMANY Slip On Shoes Size EU40 , Skechers Double Up - Shiny Dancer Silver Womens Slip-on Embellished Casual ShoesBlack Platform Shoes Punk Cyber Goth Demonia Stomp-25 Sneaker Boots 7 8 9 10 11J.CREW LILY BALLET FLATS IN CRACKLED LEATHER SIZE 8,5M GOLD BLACK G7845 , Dansko Shoes Professional Sz 38 Black Leather Clogs Nursing Medical Comfortable , NEW Rare Women Dansko Snake Sophie Sandal 38 7.5 8 Violet Floral cute SALE! $135 , Womens Lacoste Shoes Carnaby EVO 118 3 SPW White 735SPW0010 21G Sneakers NEWWDMS013 Twisted X Women's ECO Slip-On Driving Moccasins – Khaki/Multi NEWMOCASSINS TOD'S / BON ETAT/ CHAUSSURES PLATES Taille 36,5 TODS SHOESCamper Peu Cami Women's Flats Dark Grey Leather Eu 37 Us 6 , $315 VIVIENNE WESTWOOD ANGLOMANIA X MELISSA NAVY GLITTER SCENTED HEEL SHOES 10MTrotters Womens sarina Leather Closed Toe Ankle Strap Slingback FlatsSkechers EZ Flex 3.0 Majesty Flats Womens Memory Foam Slip On Shoes UK3-8Scholl Orthaheel Lawton Womens Comfortable Shoes With Adjustable Strap ,
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 5.5 Justin Brown Cowhide Chukka Western Boots L0991 Excellent Cond EUC , Shoes heel clear woman transparent ankle boots booties sprung summerGigi-51 Over Knee Thigh Pointed Pointy Toe Fishnet High Heel Boots Hologram , Steve Madden Women's Leather Black Riding Boots Size 7M , Diba women black leather upper high ankle boots size 9M , Chooka Womens Midtown Strappy Rubber Almond Toe Ankle Cold Black Size 8.0 Q85k , Sam Edelman Women Zip Suede Chelsea Ankle zip Boot Booties Size 10 MAriat Pegosa Boots 9B Black , Free People Decades Ankle Boot Tan Distressed Suede NEW Size 7INC International Concepts Womens Brookey Almond Toe Knee, Dk Cocoa, Size 11.0Black Vinyl Thigh High Dominatrix Mens Crossdresser Hooker Boots size 12 13 14Totes Womens rachel Closed Toe Mid-Calf Cold Weather Boots Silver Size 10.0 q7White Mountain Womens tanner Closed Toe OxfordsShellys London Furry Faux Fur Platform Clog Red sz. 8.5Dunham By New Balance Waffle Stomper Terrastryder Hiking Shoe Womens Sz 7 NEW. , NWT-GIANNI BINI BLACK LEATHER SIDE BUCKLE KNEE HIGH BOOTS 6 , Fly London Gold Metallic Booties Ankle Boots Slip On Shoes Size 36 , STEVEN by Steve Madden SIze 7.5 P-Mayhem Leather Wedge Boots Brown Womens 015New TORY BURCH Eddie Snake-Watersnake Ballet Flats Shoes, Size 6 ClayBeige/NavyWomen’s Brighton Brown/Bronze Croc Chocalf Loafers Size 7M, Sharp! , Vaneli Womens Baffle Flat (B)- Pick SZ/Color. , See By Chloe by Womens Louise Flat Ankle Boot 3 EU (6.5- Select SZ/Color.Finn Women's Andrews Leather Comfort Shoes Black Montana 6002-060099Nicholas Kirkwood Womens Mesh Lazer Cut Prism Gold Slip-on, Size 40.5 , PRADA MILANO NAVY LEATHER SCRUNCH GOLD LOGO BALLETS FLAT SHOES  ITALY SZ 36 US 5 , RYKA Women's Influence Cross Training Shoe - Choose SZ/Color , Lady Couture Flat Laser Cut High Top Bling Rhinestone Sneaker Women's Shoes by , Women's Anne Klein Womens ferri FlatsWomen's Zara Boots New Boots , NIKE WOMENS AIR PRESTO PREMIUM 878071-004 LIGHT BONE WHITE DS SIZE10
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Penelope Chilvers FANTASTIC 27676 silk IKAT 7 print sneakers Chilvers 7 $280 London HALF PRICE 96745eb Flats
Powered by VIP.