The Buzz
All markets and investing news all the time

New Shoe Party Womens Round Toe Top High Top Shoe Athletic Sneaker Zip Slip On breathable Party f86b007




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: Unbranded
Material: Synthetic Country/Region of Manufacture: China
Pattern: Solid EUR Shoe Size (Women's): 35-39
Style: Oxfords Heel Height: Flat (0 to 1/2 in.)
Width: Medium (B, M) Heel Style: Platform

New Shoe Party Womens Round Toe Top High Top Shoe Athletic Sneaker Zip Slip On breathable Party f86b007 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
New Shoe Party Womens Round Toe Top High Top Shoe Athletic Sneaker Zip Slip On breathable Party f86b007
New Shoe Party Womens Round Toe Top High Top Shoe Athletic Sneaker Zip Slip On breathable Party f86b007 - 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%.

New Shoe Party Womens Round Toe Top High Top Shoe Athletic Sneaker Zip Slip On breathable Party f86b007

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
New Shoe Party Womens Round Toe Top High Top Shoe Athletic Sneaker Zip Slip On breathable Party f86b007 - hollisbaker.com
About This Author
New Shoe Party Womens Round Toe Top High Top Shoe Athletic Sneaker Zip Slip On breathable Party f86b007 - 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
 
Nike Air Force 1 Athletic Shoes Women's Sz 7 US 315115-414 Light Blue 2008 , NIKE WOMEN'S FLYKNIT LUNAR2 SHOES SIZE 11.5 platinum purple 620658 001 , ASICS Women's Hyper-Rocketgirl XCS ~ Lightning/Quicksilver/RoseNew! Anne Klein Sport Guardless Slip-On Sneakers Navy 9M , Skechers Women's Gratis No Limits Sneaker ClogCliffs by White Mountain Women's Francie Knee High BootConverse Chuck Taylor All Star Brea High Top Women's Shoes White 555829cNEW NIKE WOMENS FREE 5.0 TR FIT 4 TEAM MULTIPLE SIZES WHITE / BLUE 642069-108 , KEEN Voyageur Neutral Gray / Lime Green Hiking Trail Shoes 1010141 Women's 7.5 , New Balance W590RN5 B Pink Silver White Womens Running Shoes Sneakers W590RN5B , Saucony Ride 10 Gray Running Shoes Women's US 8 (K3,10)Womens High Top Wedge Hidden Low Heels Leather Sneakers Casual Running Leisure , Paperplanes Women Sport Mesh Skin Shoes Athletic Running Shoes 1404New Balance Women's Burn X Mid-Cut Shoes Black with WhiteGORGEOUS NIKE SHOX CLASSIC II WOMEN'S SIZE US9 UK6.5 LOOK!!Wmns Nike Roshe Two Flyknit V2 2 Bright Crimson Women Running Shoes 917688-600 , Women's Reebok Royal Lumina Pace - Black/Silver/Metalllic - Width: med - Walking , NEW Womens DUNHAM 111 GR Light Grey Slip On Outdoor Style Sneakers Shoes , ASICS GEL-FREQUENCY 2 WOMEN'S RUNNING SNEAKERS SIZE 9.5 BRAND NEWAdidas BB4349 Women Cosmic Running shoes grey white sneakers , NEW BALANCE 99 WOMEN'S CROSS TRAINING SHOES SIZE 7.5Adidas ClimaCool CC Fresh Bounce Womens Running Shoes Fitness Trainers Peach B GWomen's Steve Madden Resolve Shoes Silver Leather High Top Sneakers Size 6 M NEWNew Nike Womens Air Force 1 '07 Pinnacle Athletic Shoes AA3968-301 sz 8 , Women's NIKE REVOLUTION 3 819303 Gray+Green Athletic Running Sneakers/Shoes NEWNew Balance 680V4 Sneaker Womens Shoes Mid Heel , Womens High Top Wedge Hidden Low Heels Leather Sneakers Casual Running FashionWomens Nike PRESTO FLY SE Running Shoes -Neutral Olive -910570 200 -Sz 9.5 -NewNew VANS Womens LAMPIN BLUE / BLACK VN0A38FIMVU US W 5.5 - 7.5 TAKSE
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 Ladies Flat Studded Chelsea Ankle Boots Casual Elastic Pull On Shoes Size , Western Cowboy Womens Mid Calf Boots Size 6 M Brown Leather Vintage , Diesel EVEREST womens brownish leather boots size 8 MLADIE'S 9MEDIUM SLIP-ON LLBEAN BOOTS IN EXC. COND.!$189 BCBG BCBGeneration Womens BG-Bekki Western Short Cuff Boot Shoe,Black,US 10NAYA Black Leather Zip Fashion Ankle Heel Boots Size 6.5 M Style LarkVaquero Houston Red Eel Skin Cowboy Western Boots Womens Size 25.5 MEX- 600729Dingo Black Leather Fringe Cowboy Western Boots Womens Size 8 M Style 8242Sporto Wind Waterproof Sleek Suede Wedge Bootie Boots Tassels Wine 8 WideJ. Litvack NICKS Buffalo Leather Ankle Boots Brown 6.5M US / 36.5 EUR MSRP $245 , RALPH LAUREN CARAH Leather Dress Booties Short Boots Shoes 6.5B $149 BLACK , Hunter Womens Matte Red Rubber Rain BOOTS Original Tall 9 Med Wft1000rma , Salomon X Ultra Climashield WP Winter Women's Brown/Brown Black Boots 7M , Clarks Privo Brown Suede Waterproof Slip On Shoes Size 8.5 Brand NewEnzo Angiolini Women's Flory Booties Medium Natural Leather Size 10 MBANANA REPUBLIC ARIELLE KILTIE FLATS in NEW VERMILLION NIBNEW VANELI WOMEN BALLET FLAT US SIZE M M SNAKE SKIN MULTI-COL LEATHER , AGL Womens Brogue Fringe Loafer Size US 7 Navy Blue Leather Italy F1 , SAS 9.5 N Brown Loafer Flats Women's , New Valentino Garavani Rockstud Ballet Ballerina Flats Shoes In Black Sz 38.5 , Italian Patent Leather Loafers Platform Creepers ShoesTory Burch Minnie Reva Ballerina Flats Embellished Convertible Strap Ballet 6Tatami Gizeh by Birkenstock 42 L 11/ M 9 Leather Brown w/ Gold Braid $240 MSRBrooks Addiction 12 Running Shoes, Women's Size 8 D, Grey/BlueSANUK Yoga Prima Suede Ballet Sandal Shoes Gray Animal Dots Women's Size 7 US , Rockport Women's Raelyn Knit Tie Fashion Sneaker - Choose SZ/Color , NIKE AIR MAX 1 PRM VAST GREY WOMEN'S SZ 9.5 NEW 454746-017 , Skechers BOBS Women's Bobs Cloudy-Rainbow Fashion Sneaker - Choose SZ/Color , Black Faux Fur Womens Winter Boots Mid Calf Sherpa Lined Red Diamond Accent NEWNike Free RN Womens Running Shoes Fitness Gym Workouts Trainers Grey ,
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
New Shoe Party Womens Round Toe Top High Top Shoe Athletic Sneaker Zip Slip On breathable Party f86b007 Athletic Shoes
560508
4927802
6005453
7554474
8390692
9702179
14767875
16216282
16887384
Powered by WordPress.com VIP.