The Buzz
All markets and investing news all the time

BCBG Max Azria Betsy Leather 1 Ballet Flats BCBG Shoes 1 Leather Beads Black 8.5 B/38.5 $165 d964acf




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: BCBG MAX AZRIA
US Shoe Size (Women's): 8.5 Width: Medium (B, M)
Color: Black Material: Leather
Style: Ballet Flats Heel Height: Flat (0 to 1/2 in.)
UPC: Does not apply

BCBG Max Azria Betsy Leather 1 Ballet Flats BCBG Shoes 1 Leather Beads Black 8.5 B/38.5 $165 d964acf - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
BCBG Max Azria Betsy Leather 1 Ballet Flats BCBG Shoes 1 Leather Beads Black 8.5 B/38.5 $165 d964acf
BCBG Max Azria Betsy Leather 1 Ballet Flats BCBG Shoes 1 Leather Beads Black 8.5 B/38.5 $165 d964acf - 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%.

BCBG Max Azria Betsy Leather 1 Ballet Flats BCBG Shoes 1 Leather Beads Black 8.5 B/38.5 $165 d964acf

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
BCBG Max Azria Betsy Leather 1 Ballet Flats BCBG Shoes 1 Leather Beads Black 8.5 B/38.5 $165 d964acf - hollisbaker.com
About This Author
BCBG Max Azria Betsy Leather 1 Ballet Flats BCBG Shoes 1 Leather Beads Black 8.5 B/38.5 $165 d964acf - 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
 
TORY BURCH ~ RISA Espadrille Canvas Flat Shoes BLUE & WHITE 9.5 NEWNEW Earth Pagoda Womens 7.5 M Mary Jane Shoes Champagne Leather Open Back Flats , Sperry (Women's A/O NATURAL CHAMBRAY)  Boat Shoe size 5 1/2,(9265521) , JEFFREY CAMPBELL Black Beaded BELANGER 2 Pointed Toe Flats Shoes - Size 9 , Earth Black Leather Spirit Jenna Comfort Clog Mules Slip On Flats Womens SZ 10 , Skechers Go Walk Lite Coral Shoes Womens Memory Foam Canvas Goga Max TrainersNEW Earth Alder Womens 10M Mary Jane Shoes Black Leather Suede Hook Loop FlatsSEE BY CHLOE SB14030 FORATA Red Coral Leather Designer Ballet Flats 7Versace 19.69 E08 VERNICE BEIGE ballerina shoes Women's Beige US , Propét Women's Cameo Flat, Tan, Size 8.5 , NEW SKECHERS WOMENS BREATHE EASY POINT TAKEN WIDE FIT MEMORY FOAM SHOES , LACOSTE LORNA GLOSS 39 39.5 40 NEW leather flats slipper slip on protect spm , Salvatore Ferragamo Pink Rubber Flats, Size 7 , DR COMFORT Women's THERAPEUTIC SHOES Annie Acorn Brown SIZE 7 XW Style 4520EMILIE PINK BOA LMSP70 Women's Shoes Size 7.5 M Eur 5 Leather Flats Mephisto , CHRISTIAN LOUBOUTIN Burgundy suede Mary Jane pumps 39.5 , WOMENS FLY LONDON MEL LEATHER BIKER RIDING MILITARY BOOTS 2 COLOURS SIZES 3-8NEW UO Circus Sam Edelman black leather muted gold heel Bond Ankle Boots 9.5 , NEW Earth Pagoda Womens 9 M Mary Jane Shoes Champagne Leather Open Back Flats , SAS - 4M Simplify Red - NEW - Moccasins Loafers Shoes - Leather - , Franco Sarto Womens Sadia2 Leather Pointed Toe Loafers, Milk, Size 5.0 , ZARA NEW WOMAN SS18 BLACK SLINGBACK SHOES REF:7520/301 , OLUKAI WOMENS WAIALUA CANVAS PALE GREY SIZE 9.5 , Roc Skamp Senior Womens/Older Girls Leather Shoes Cushioned/Comfortable , Versace 19.69 E08 BIANCO-ARGENTO ballerina shoes Women's White US , Donald J. Pliner Elana Studded Women's Loafers Size 9.5M , NEW SKECHERS WOMENS RELAXED FIT BREATHE EASY MEADOWS SHOES , Sperry Womens bluefish Closed Toe Boat Shoes metallic Grey Size 7.5Clarks Candra Blush Women's Shoes Casual Ballet Flats Black Size 9M
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 Dav Women's Bronze Rubber Round Toe Pull On Raining Boots Size US 5Durango Black Genuine Leather Western Cowboy Boots Womens 6 1/2 M , Womens Platform High Heel Knee High Boots Patent Leather Tassel Plus Size ShoeWINDRIVER Women's Ilene Tall Gore Rain Boots Black Size 6M , Lauren Ralph Lauren Maleah Size 9 US Women's Shoes Brown LeatherNew Tommy Hilfiger Matty Rain Winter Fashion Faux Fur Rubber Black Boots 8 , BOBS from Skechers 31376 Womens Bobs B-Loved Flat- Choose SZ/Color. , Nine West Women's Beachinit Synthetic Ballet Flatwomens leather motorcycle boots 6 black Vulcan 123 Fuse engineer harness zip up , Bucco Vycktorya Faux Suede Fashion Booties - Women's Size 7, Black , Nine West Women's Translator Black Leather Ankle Boot , Womens Vintage Panhandle Slim Brown Bullhide Leather Cowboy Boots 6 B New in BoxINC International Concepts Womens Roann Fabric Almond Toe Over Knee Fashion B... , LADIES SHOES/FOOTWEAR - Naot Afrodita auburn scuff size 42/11 , ALLBIRDS TREE LOUNGER Women Comfort Flats Size 10 Kauri Colbalt BlueTory Burch Brown-Carmelle Patent Leather Aden Ballet Flats Women's 10.5 ShoesChristian Louboutin Women's Brown Suede Round Toe Ballet Flats Size , Eastland Women's Eden Oxford - Choose SZ/ColorNWT VALENTINO Camouflage Leather Pointed Toe Flat Shoe Size 5.5 US 35.5 EU $1095 , Andrew Charles Womens Soft Ballerina Taupe ALICIANew Prada Women's Shoes Ballet Flats Black Size 37 Vernice St LeatherNICHOLAS KIRKWOOD "BEYA" FLAT SUEDE COBALT SZ 37 , JSport by Jambu Women's Cara Mary Janes Denim , J.CREW EMBROIDERED SMOKING SLIPPER LOAFER MULES SIZE 6,5M DARK PACIFIC H1845NEW Wmn's (CHOOSE SZ)(D) (WIDE WIDTH ONLY) BROOKS Dyad Walker 620047 1D 111 , Clarks Women's Breeze Sea Flip Flop Navy Synthetic , NEW NIKE TRAINING FLEX TR5 Women’s Active Sneakers Shoes Gray Pink 5.5 NWOTWomen's A35 Fawwn Ankle Booties, Ivory Boots , American Eagle Outfitters Wos Boots Ankle US 9 Gray Vegan Zip Studded Heels 3392Caterpillar Women's Woodward Work Shoe Vintage Indigo Full Grain Leather
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
BCBG Max Azria Betsy Leather 1 Ballet Flats BCBG Shoes 1 Leather Beads Black 8.5 B/38.5 $165 d964acf Flats
336260
3841169
4061140
8167243
9144027
12944599
13533592
13741875
14434077
Powered by WordPress.com VIP.