The Buzz
All markets and investing news all the time

Andrew Charles 7647 SOFTY Charles GHIACCIO Loafers Women's SOFTY US White US 42e98e5




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: Andrew Charles By Andy Hilfiger
Season: Continuous Color: White
Size Type: Regular Country/Region of Manufacture: Italy
Sole: 100% RUBBER Gender: Women's
Style: Loafers Material: 100% suede leather
Type: Loafers Model: 7647 SOFTY GHIACCIO
Theme: See description MPN: 7647 SOFTY GHIACCIO

Andrew Charles 7647 SOFTY Charles GHIACCIO Loafers Women's SOFTY US White US 42e98e5 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Andrew Charles 7647 SOFTY Charles GHIACCIO Loafers Women's SOFTY US White US 42e98e5
Andrew Charles 7647 SOFTY Charles GHIACCIO Loafers Women's SOFTY US White US 42e98e5 - 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%.

Andrew Charles 7647 SOFTY Charles GHIACCIO Loafers Women's SOFTY US White US 42e98e5

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Andrew Charles 7647 SOFTY Charles GHIACCIO Loafers Women's SOFTY US White US 42e98e5 - hollisbaker.com
About This Author
Andrew Charles 7647 SOFTY Charles GHIACCIO Loafers Women's SOFTY US White US 42e98e5 - 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
 
Andrew Charles 7631 SOFTY RASP Loafers Women's Pink USVersace 19.69 7502 SOFTY NUDE Loafers Women's Beige US , Kenneth Cole New York Women's Westley 5 Star Loafer Flat Grey Size 9.5Andrew Charles 7502 SOFTY PINK Loafers Women's Pink USNEW IN BOX Women's Mephisto Amelia Flat Grey Perl Calfskin/Petroleum Size 8.5MIU MIU Shoes Grey 36 1/2Balenciaga Paris gray sandals 38.5 US 8.5 flat shoes , Womens LONGCHAMP Flowers Patent Fabric Ballet Flats Sz. 37 , $325 New in box TORY BURCH High Heels Pumps Shoes Rae Pony Haircalf Cheetah 7LANVIN Snakeskin Leather & Canvas Skate Sneaker Shoes 39 US 9 Preowned BeigeKlogs Carolina Womens Clogs Black Smooth - 7.5 MediumAndrew Charles 7502 SOFTY TURCHESE Loafers Women's Light Blue USDansko Linette Mary Jane Shoe - NIB - Free ShippingNew $128 Free People White/Black Varsity Slip On Sneaker/Loafer Haircalf sz 6/36 , Pikolinos Venezia 968-5697 Shoe - NIB - Free Shipping , DZ919 MOMA US 7 shoes red leather women ballet flats , Womens Tecnica Moon Boot Queen Winter Snow Ski Sking Boots US Sizes 3-8.5Womens Fly London Yern Leather Work Office Wedge Heel Tan Platform Shoes , LADIES SHOES/FOOTWEAR - Ziera boot Savvy black size 36/5WOMEN'S TOD'S ANDIE METAL ACCS WHITE PATENT MOCCASINS FLATS NEVER WORN SZ 11 , Women's Spring Step Melbourne Loafers, Black, 6.5-7 US, M , Rieker Daisy 15 Women's Slip On , Dr. Martens Women`s 1461 Aggy Agyness Deyn Blucher Loafer Blue US 5Stokton Black Leather with Gold Chain Detail Slip On 101STAMP - NEWWomens STUART WEITZMAN navy blue fabric ballet flats sz. 6.5 M , LADIES SHOES/FOOTWEAR - Naot Mambo shoe volcanic wineECCO Womens Enchant Closed Toe Ballet Flats, Muted Clay, Size 6.5Oscar de la Renta Brown Suede Square Toe Flats SZ 37.5 , Womens Rue Du Jour purple suede ballet flats/maryjanes/shoes sz. 38.5 ,
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 Andiamo 8M Womens Burgundy Leather Ankle Boots Heels Side Zip , Women's Leather Ankle Black Short Shortie Boots Zip US 6 , BCBG Zip Up Ankle Boot Leather Heels Gray Women's Size 9B Close Toe , DIBA SYNTHETIC BLACK BUCKLE TALL KNEE HIGH BOOTS SIZE 9.5Alpine Design Womens Brown Size 7 M Snow Lynx Leather Faux Fur Mid Calf Boots , New Judith Molly 2 Bootie Women's boots size 6.5Western Chief Women's Fashion Duck Boot, Red, 6 M USBlack/White Women‘s Wedges Hidden Heel Platform Over The Knee Boots Plus Size , Naturalizer Womens lucca Closed Toe Ankle Fashion Boots, Black, Size 10.0 cCVkNEW HUSH PUPPIES INSPIRE WOMENS BURGUNDY SUEDE ANKLE BOOTSJessica Simpson JS-JAYLEESA Womens Jayleesa Wedge Sandal- Choose SZ/Color.Women's Tassel Kilty Suede Moccasins Flat Loafers Driving Walk Boat Ballet ShoesSpring Step ITAMBE-B - ITAMBE Size: - Color:Givenchy (sz 38) Black Logo fabric and leather Low-Heels Ballet Flats , Salvatore Ferragamo Boutique Flats - Vara Bow Ballets Italy Women's 9.5 A3 GoldLouise et Cie Elainne Color Block Leather Round Cap Toe Ballet Flats Size 6.5MNWB Aquazzura Black Suede Dancer flats Size 36.5 US 6.5 , Merrell Womens 9US Black/Silver Gym Shoes Sneakers Vibram Soles 6.5EU , Merrell Vibram Sport Womens Size 6 Trail Hiking Shoes Brown Sneakers Ortholite , AUSTRALIA LUXE COLLECTIVE BOMBAY SHEARLING BEVA COLOR SHOES-US 8-MSRP $365-NEWGatsby Bite me Black Linen Jon Josef Loafer FlatDVS Premier 2.0 WOS-W Womens WOS Running Shoe- Choose SZ/Color.Reebok Ultraknit Print Elite Running Performance Sneakers/Shoes Women's 6.5 NEWSkechers Performance Women's Go Step Challenge Walking ShoeSkechers Women's D'Lites Extreme , Women's Clarks Womens - Pick SZ/Color. Flats , Women's Pink & Black High Wellies BootsSweet Rivets Women's Round Toe Block Low Heels Casual Ankle Rain Boots Ths01 , Pleaser Women's Electra 3028 Red Stretch Patent1710 adidas NEO Cloudfoam QT Flex Women's Sneakers Sports Shoes AQ1622
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Andrew Charles 7647 SOFTY Charles GHIACCIO Loafers Women's SOFTY US White US 42e98e5 Flats
6049115
7100129
9893792
10206878
11312450
11493187
13978402
14567622
16623768
Powered by WordPress.com VIP.