The Buzz
All markets and investing news all the time

Naturalizer Women's Saban Women's Saban Slip-on Loafer Whiskey Size Slip-on 8.5 e6dbca9




Item specifics

Condition:
New with box: A brand-new, unused, and unworn item (including handmade items) in the original packaging (such as ... Read moreabout the condition
Brand: Naturalizer
Color: Brown Style: Slides
Pattern: Solid Width: Wide (C, D, W)
US Shoe Size (Women's): 8.5 UPC: 727685712447

Naturalizer Women's Saban Women's Saban Slip-on Loafer Whiskey Size Slip-on 8.5 e6dbca9 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Naturalizer Women's Saban Women's Saban Slip-on Loafer Whiskey Size Slip-on 8.5 e6dbca9
Naturalizer Women's Saban Women's Saban Slip-on Loafer Whiskey Size Slip-on 8.5 e6dbca9 - 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%.

Naturalizer Women's Saban Women's Saban Slip-on Loafer Whiskey Size Slip-on 8.5 e6dbca9

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Naturalizer Women's Saban Women's Saban Slip-on Loafer Whiskey Size Slip-on 8.5 e6dbca9 - hollisbaker.com
About This Author
Naturalizer Women's Saban Women's Saban Slip-on Loafer Whiskey Size Slip-on 8.5 e6dbca9 - 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
 
DOLCE VITA CULLEN Black Leather Designer Loafers Comfort 8.5 MLadies Padders Extra Wide Fitting Ballerina Style Shoes - FearneBIRKENSTOCK Shoes 673842 Black 24cmDansko Womens Fashion Sneaker /7.5-- Select SZ/Color. , VANELi Womens Nadette NuBuck Round Toe Loafers, Black Nabuk, Size 7.5 , French Sole Womens Jigsaw Leather Closed Toe Ballet Flats, Pewter, Size 11.0 MwYNICOLE Kaci Cordovan Wingtip Oxfords RETRO VINTAGE Loafers Womens Sz 6.5 �b1ALESSIA GRAY LMSP70 Women's Shoes Size 7 M Eur 4.5 Leather Slip On MephistoFrench Sole FS/NY Women's Passport Ballet Flat, Black, Size 5.5 1HeM , Tod’s Women’s Loafers Blue Sz 35/5.5 , Sesto Meucci Women's Neda Slip-On Loafer Brown Size 8.0 aEdc , French Sole Womens radar Fabric Closed Toe Ballet Flats, Peach Cork, Size 6.0 K8 , ANNABELLA WHITE LMSP70 Women's Shoes Size 7 M Eur 4.5 Leather Slip On Mephisto , Josef Seibel Black 38 US 7.5 Mules Heels. Clark’s. Sz 7. Nice.Womens 7.5 W Wide stuart weitzman tan alligator crocodile ballet flat shoes pumpNew Womens PU Leather Hidden Heels Shoes Platform Zip High Top Casual Sneaker SZECCO Womens Fara Closed Toe Boat Shoes Black/Black Size 8.5 eDUH , Clarks ARTISAN Women's Soft Black Leather Flat Mules Sandals - Size 8.5 , Spring Step Lazarina Women's Slip On , Sesto Meucci Women's Neda Slip-On Loafer, Brown, Size 8.0 aEdc , `NEW Mozo Style Womens Sports Flat Slip Green Canvas Shoes Sz 7 Eur 37 , Salvatore Ferragamo Bronze Leather Bow Ballet Flats Italy 9 BNurture Women's Slide Flats Glitzy Black Suede Shoes Sz 7.5 M NEW DISPLAY D7068Walking Cradles Women's Flick Shoes - Black Waxy Soft Leather - Size 8.5 WGentle Souls Women's Bay Unique Ballerina Multicolor Flats US Size 5.5 M $210 , ALEGRIA PG LITE WOMAN SHOES IRIDESCENT SNAKE CLOGS MULE SIZE 38/8 ALG 715 , $125 FitFlop Womens F-Pop Ballerina Suede Cap Toe Flat Shoes, Dark Tan, US 7 , FANTASTIC WOMENS TOD'S PEWTER LEATHER DRIVING LOAFER SHOES 39 8 LQQK!!Sperry Top-Sider Women's Sunset Ella Moccasin Nubuck Pink Women's 9.5 M New
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's I N C International Concept Boots Size 8M/38 Black , IKRUSH Women's Carla Faux Fur Platform Embellished Boots Size in GREY Size 3 , katniss-01 New Mid-Calf Boots Casual Faux Leather Women's Winter Boots BlackBJORNDAL tall black rich suede platform wedge fashion boots 8 , Billabong Women's Take A Walk Boot, Off Black, Size 6.0Bare Traps Womens lainey Suede Almond Toe Ankle Cold Weather Black Size 7.5 sn**Arcopedico L19 Women's Zip Boots Blacks- Womens Size 9.5-Black(Repair) , Lucky Brand Jakeela Bootie Nude Size 10 , Style & Co Womens NWB Throttle Black Boots Shoes 10 MED NEW , Grace Women's Pointy toe Fur Side zip High Block heel shoes Winter Ankle boots , Propét Women's Onalee Mary Jane FlatFrye MISMATCH CALF Width Womens 9 Melissa Button NEW Leather Riding Boots pkVince Camuto - Karmel Wedge Boot , Designer STEVEN Black Leather Tall Knee High Boots, 8 1/2 M , Ara Luftpolster Black Leather Gore-Tex Boots Knee Full Zip Women 5 US MINT , Born Banbury Boots 6 Chianti Suede Fringe Short Boots Burgundy Boho Moccasin New , Carlos by Carlos Santana Women's Greer Ankle Boot, Black, Size 8.5 , Joie Women's Jadzia Leather Loafer Mules Size 35 Ballet Pink Retail $228 , EILEEN FISHER D'Orsay black leather flat espadrilles US7.5Women's Ladies Soft Leather Work Casual Ballet Slip On Loafer Flat Driving Shoes , Tory Burch VERBENA-TRIBAL SNK Leather Smoke Roccia/Black Balet Flats Size 4,5M , New Kumfs Rhapsody Leather MaryJane Womens Shoes Extra Wide Size 9 US 40.5 EuroNEW In Box Tory Burch Size 9 Risa Espadrille Blue Floral Flats Canvas Summer$660 CELINE SOFT PATENT LEATHER BLACK BABOUCHE MOCCASIN MULE SLIDES SIZE 39Lauren Ralph Lauren Carys Slip-On Loafer Stone Snakeskin Sz 7 RETAIL $150New Balance Womens W720rf3 Black/Aquarius Running Shoes Size 10 (367228) , New! Womens Skechers Empire Game On Shoes Style 12414 Taupe 119V pm , Asics Hyper Rocket girl 5 shoes sneakers sz eu-35 us-5 , Women's Dansko Women's Dotty Heeled Sandal Flats , Women's Qupid Women's Plateau-184BX Combat Boot Boots
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Naturalizer Women's Saban Women's Saban Slip-on Loafer Whiskey Size Slip-on 8.5 e6dbca9 Flats
4510012
4818654
6423820
7889591
12391087
13010337
16143132
17506907
17661964
Powered by WordPress.com VIP.