The Buzz
All markets and investing news all the time

Women's SAS Women's siesta oxfords SAS Flats Flats 655ba29




Item specifics

Condition:
New without box: A brand-new, unused, and unworn item (including handmade items) that is not in original packaging or ... Read moreabout the condition
Brand: SAS
US Shoe Size (Women's): 6.5 Style: Loafers
Heel Height: Low (3/4 in. to 1 1/2 in.)

Women's SAS Women's siesta oxfords SAS Flats Flats 655ba29 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Women's SAS Women's siesta oxfords SAS Flats Flats 655ba29
Women's SAS Women's siesta oxfords SAS Flats Flats 655ba29 - 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%.

Women's SAS Women's siesta oxfords SAS Flats Flats 655ba29

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Women's SAS Women's siesta oxfords SAS Flats Flats 655ba29 - hollisbaker.com
About This Author
Women's SAS Women's siesta oxfords SAS Flats Flats 655ba29 - 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
 
Women's Eject Multy Bela Botte Flats , Women's Mephisto Womens Oxford- Pick SZ/Color. FlatsWomen's Tod's ladies ballerina XXW0NY0C350X90G215 Flats , Women's Prada Red Oxford Platform 35 FlatsWomen's Tod's Ladies Flip Flops FlatsWomen's ALEXANDER WANG Leather Oxfords 36 Flats , Women's Baskets Celine FlatsWomen's Fendi Espadrille Red/Brown SZ42 FlatsWomen's Wolky Cursa Slip On Flats , Women's Franco Sarto Genuine Crocodile Loafers Flats , Women's Women's Ferragamo Loafers (7) Flats , Women's Maison Martin Margiela MM6 shoes Flats , Women's Women's Lambertson Truex Shoes Flats , Women's Jimmy Choo flats on sale! Flats , Women's Tory Burch Espadrille 7.5 FlatsWomen's Loro Piana summer shoes FlatsWomen's Cole Haan FlatsWomen's Derek Lam Kyotola Flat Flats , Women's Tory Burch 5 Flats FlatsWomen's Robert Clergerie Black Loafers BNIB Flats , Women's Butberry Womens Shoes Sz41 FlatsWomen's Poppy Tieks Size 11 FlatsWomen's aquazzura 40 christy flats cheetah Flats , Women's Women's BALLY suede tie loafers FlatsWomen's Red Valentino Espadrilles FlatsWomen's Naot Kirei Comfort FlatsWomen's Naot Reserve in Black Combo Flats , Women's tory burch flats 7.5 new FlatsWomen's Matte Black Tieks, Size 7 Flats
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 Louise et Cie Vianne Womens Ankle Boots Leather Harness Zip Booties Size 7.5 M , LADIES FESTIVAL WELLYS WINTER SNOW WELLIES WOMENS RAIN WELLINGTON BOOTS SIZE 3-9 , Enzo Angiolini Women’s Size 8.5 M Black Leather Wedge BootsWave Vintage Beijing Cloth Shoes Embroidered Boots black 35Women's Vaneli Laban Shoes Black Nappa Leather Wedge Ankle Boots Sz 7 M NEW! , Yukon Glacier Women's Brown Leather/Rubber Snow Boots w/Wool Inserts In Size 8 M , Chooka Womens Midtown Strappy Rubber Almond Toe Ankle Cold Black Size 8.0 FRB8 , Franco Sarto A-TRACK Women's Black Straight Fawler Heel Knee High Boots Size 6.5WOMENS THE NORTH FACE ABBY IV BROWN LEATHER TALL PRIMALOFT BOOTS 7.5Dr. Scholl's Womens Dakota Fabric Closed Toe Ankle Black Microfiber Size 7.5 8 , Chinese Laundry Womens kelso Closed Toe Ankle Clog Boots, Brown, Size 8.0 GNTq , NEW Hush Puppies Ankle Boots Booties Black Leather Suede Sz 6WLucky Brand Ehllen Brown Womens Shoes Size 5.5 M Boots MSRP $139Steve Madden Womens Webster Ankle Bootie- Pick SZ/Color. , women's shoes OLGA RUBINI 5 () ankle boots black shiny leather BX796-35NIB Lucky Brand Mercerr Pointy Toe Fringed Bootie Boots Honey Oiled Suede Sz 8.5 , NINE WEST MENTRY BLACK SUEDE BOOT WOMENS US Size 7 New without Box , FINN COMFORT 7 US (4 1/2 UK) womens,rich brown leather L-48Rockport TWZ II Welded Womens Mary Jane Windsor Wine Shoes Size 9.5 M , Alegria Paloma Black Stamped Leather Mary Jane Shoes Size US 9.5 - 10SAINT LAURENT PARIS WOMAN BALLERINA FLATS SHOES LEATHER CODE 352037 CYU00 1000New Balance womens gray blue suede 515 walking mary janes 9.5 B EUC , TORY BURCH 'Jolene' Nappa Leather Ballet Flats ~ Dark Branch Sz 10 ~ NIB , Skechers Empire Latest News Black Womens Low-top Slip-on TrainersGrasshoppers Women's Jade Twill Fashion Sneaker - Choose SZ/ColorUnder Armour Drift 2 MNSWR Women's Academy/Beige Canvas/Academy 20130400 , CONVERSE ALL STAR Blue TRAINING SHOES Women Fashion Sneakers Low US 7 Eu 38 , Women's LADIES SHOES/FOOTWEAR -Arcopedico Lucia black FlatsJ. Crew Ankle Boots Dark Olive Green Leather Size 9.5Swims 22108 Women's Dora Rain Boots ,
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Women's SAS Women's siesta oxfords SAS Flats Flats 655ba29 Flats
424573
1041862
4111548
5138637
5761032
7905346
9367324
11474009
16229106
Powered by WordPress.com VIP.