The Buzz
All markets and investing news all the time

ED Ellen Fabric DeGeneres Womens Langston Fabric Round, Womens Green/Black Langston/Montauk, Size 10.0 feb264e




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: ED Ellen DeGeneres
Occasion: Casual Style: Ballet Flats
Pattern: Solid Width: Medium (B, M)
US Shoe Size (Women's): 10 Material: Fabric
Fastening: Slip On Color: Green
UPC: 190662645784

ED Ellen Fabric DeGeneres Womens Langston Fabric Round, Womens Green/Black Langston/Montauk, Size 10.0 feb264e - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
ED Ellen Fabric DeGeneres Womens Langston Fabric Round, Womens Green/Black Langston/Montauk, Size 10.0 feb264e
ED Ellen Fabric DeGeneres Womens Langston Fabric Round, Womens Green/Black Langston/Montauk, Size 10.0 feb264e - 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%.

ED Ellen Fabric DeGeneres Womens Langston Fabric Round, Womens Green/Black Langston/Montauk, Size 10.0 feb264e

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
ED Ellen Fabric DeGeneres Womens Langston Fabric Round, Womens Green/Black Langston/Montauk, Size 10.0 feb264e - hollisbaker.com
About This Author
ED Ellen Fabric DeGeneres Womens Langston Fabric Round, Womens Green/Black Langston/Montauk, Size 10.0 feb264e - 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
 
Miu Miu 5F8080 Blue Leather Flats, Size 39.5 , new SPERRY Top-Sider womens 'Bluefish' Gray Leather flats boat shoes size 5Jessica Simpson Womens Mollins Silver Dress Flats Shoes 6 Medium (B,M) BHFO 1601 , NIB $190 Baldinini Women's Light Nude Slippers 7.5 US (38 Eu) 768811 Italy , Klogs Bristol Womens Clog Shoes Black KPR 6 M , New $80 Reef Rover Low LX Swellular Tech Black Suede Boat Shoe/Loafer sz 7 , JOJO Women's Alana Casual Leather Slip On Shoes Brown Croc Print Size 37 , J Slides Perrie Slip On Sneaker style shoes Black Suede New with box!Vince Women's Maxwell Satin Flats Size 11 MSRP $225 E5 38 , MEPHISTO ALISON BLACK LEATHER SNAKE PRINT CAP TOE WEDGES BALLET SHOES WOMEN'S 6 , NIB Lauren Ralph Lauren Red Nubuck Gael Loafer Shoes 9 New , ZARA NEW SS 2018 LEATHER MULES WHITE ALL SIZES AVAILABLE REF. 5519/301 , Red Cole Haan Women's shoes and purse , BATES, LITES SHOE, WOMEN'S, WHITE, US 5.5M, LEATHER, NEW/DISPLAY, LIGHT DISCOLORDEMONIA CRE219/BVEL 3" Platform Women's Black Embroidery Goth Punk Creeper ShoesPIKOLINOS CHAUSSURE CONFORT DERBY DERBIE FEMME FILLE CUIR NOIR WOMAN SHOES pt 35 , 7M Naturalizer Jackman black slip on wedge loafer clogsMark Lemp Classics Womens marlene Closed Toe MulesRedfoot Folding Shoes - Coco White/BlackJOJO Women's Alana Casual Leather Slip On Shoes Brown Croc Print Size 40JOJO Women's Lou Casual Leather Mary Jane Sandals Shoes Brown Size 41 , Mint Sperry size 8M Boat Shoes Leather Plaid Top Sider Shoes MSRP $89Women Ankle Stripe Buckle Front Bow-knot Floral Stripe Creepers Platform ShoesBX640 CROWN shoes black leather women ballet flats , SAS Womens 9 N Bronze Leather Flat Loafers Shoes NEW Made in USA , Lanvin Purple Leather Round Toe Ballet Flats Size 36.5 6.5Lanvin Womens Flats Size 38 8 Black Leather Pleated Applique BalletBlue Gray Vintage 40s Swing Oxfords Saddle Shoes Hipster Womans size 7 8 9 10 11Pedro Garcia Navy Boat Loafers Shoes SZ 37 ,
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 *AJ VALENCI LADIES CHOCOLATE SUEDE FASHION ANKLE BOOTS SIZE 6.5 MWomen's KadiMaya 16YY17 Boots Gray SIZE 8.5Not Rated Womens Chiara Red Peep-Toe Ankle Boots Shoes 10 Medium (B,M) BHFO 6820 , Carlos by Carlos Santana Womens Jade Fabric Peep Toe Ankle, Flax, Size 8.5 ZeiLNEW Lady Godiva Women's Dora Fringe Boots - Black - Size: 8WOMENS LADIES CHELSEA LOW HEEL PULL ON RIDING ANKLE LEATHER WINTER BOOTS SHOE , Women Woolen Elastic Over Knee Boots Sweater top Preppy Pull on Shoes Slim VogueSE Boutique Boots Sz 6.5M Sam Edelman BlackSuede TANNA 009 OvertheKnee pre-owned , WOMENS SPERRY TOPSIDER BOOT SALTWATER WEDGE TIDE BROWN WOMEN SIZE 6 , Marc Jacobs Black Rain Boots Authentic Worn Once 36 6 , Sexy Pleaser 4" Chunky Heel Platform Stretch Black Patent GoGo Knee Boots 6-14 , WOMEN'S/JUNIOR SHOES SNEAKERS LACOSTE L.YDRO [735CAJ0013092]Women's Chelsea Crew Moss Green Suede Leather Stacked Heel Booties Size 39 8.5 , NEW Nine West Semi-Sheer Peep Toe Ankle Booties 8M Leather & Satin Heels ShoesNEW Nike Women’s Golkana Shoes Winter Boots Fur Lined Size 7.5 New 862513-203Rothy's Red Camo Pointed Toe Ballet Flats Womens US Size 8 002-106 New In BoxSTEVEN by Steve Madden Criss Woven Ballet Flats 125, Bronze, 7 US , Valentino Garavani Rockstud Studded Python Snakeskin Brown Ballet Flat Euro 35.5New sz 8 US / 38 Valentino Black Star Canvas Print Espadrille Flat Slip on ShoeNaot Women's Avignon Clog - Choose SZ/ColorPaul Mayer Cozy Quilted Black Suede Black Patent Leather Cap Toe Ballet FlatsPuma Tennis / Running Shoe Women's 6.5 Brown And Peach , Womens Size 10 DC USA Black Manteca High Top SneakersSAS Weave in Black - Made in the USA , Womens Reebok Fusion Flexweave Training Shoes Black/Desert Glow/White CN2411 BLKNike Free Viritous Ladies Shoes Sneakers Leisure Trainers White Run Roshe NewNike Volley Zoom Hyperspike Volleyball Shoes Womens 10.5 Black Blue 585763-041 , Women's Adidas Pharrell Williams Tennis HU Casual Trace Maroon DB2858 MAR , Nike Wmns Free TR Flyknit 3 III Black Women Training Shoes Trainers 942887-001 , Nike Wmns Air Zoom Ultra React HC women tennis NEW elemental rose 859718-651 ,
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
ED Ellen Fabric DeGeneres Womens Langston Fabric Round, Womens Green/Black Langston/Montauk, Size 10.0 feb264e Flats
935562
1571421
4192144
6173328
9936912
14699058
15066510
15292136
16981981
Powered by WordPress.com VIP.