The Buzz
All markets and investing news all the time

Fitflop Womens Uberknit Ballerina 27790 Crystal Ballet (B,M) Flats 10 Medium Ballet (B,M) BHFO 7191 cf26032




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: Fitflop
Heel Height: Low (3/4 in. to 1 1/2 in.) Style: Ballet Flats
Color: Black/Soft Grey MPN: UBERKNITBALLERINA
US Shoe Size (Women's): 10 Medium (B,M) Width: Medium (B, M)
Country/Region of Manufacture: Vietnam Material: Synthetic
Material Composition: All Man Made UPC: 192051069157

Fitflop Womens Uberknit Ballerina 27790 Crystal Ballet (B,M) Flats 10 Medium Ballet (B,M) BHFO 7191 cf26032 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Fitflop Womens Uberknit Ballerina 27790 Crystal Ballet (B,M) Flats 10 Medium Ballet (B,M) BHFO 7191 cf26032
Fitflop Womens Uberknit Ballerina 27790 Crystal Ballet (B,M) Flats 10 Medium Ballet (B,M) BHFO 7191 cf26032 - 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%.

Fitflop Womens Uberknit Ballerina 27790 Crystal Ballet (B,M) Flats 10 Medium Ballet (B,M) BHFO 7191 cf26032

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Fitflop Womens Uberknit Ballerina 27790 Crystal Ballet (B,M) Flats 10 Medium Ballet (B,M) BHFO 7191 cf26032 - hollisbaker.com
About This Author
Fitflop Womens Uberknit Ballerina 27790 Crystal Ballet (B,M) Flats 10 Medium Ballet (B,M) BHFO 7191 cf26032 - 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
 
Louise et Cie Size 6 M JOEY Iron Grey Leather Tassel Loafers New Womens ShoesNEW LADIES WOMENS HUSH PUPPIES CHRISTINE BLACK LEATHER WEDGES SHOES WORK CASUAL , Softinos IOL 389 Black Womens Sandals Washed Look Leather UpperFitflop Womens Uberknit Ballerina Crystal Ballet Flats 8.5 Medium (B,M) 7234 , Sofft Carrieann Black Leather Buckle Detail Mule Clog NEW , Hookipa Black Skeleton Bow Rhinestone Accent Leather Flats Shoes US 7.5 , KHALI PERF GOLD LMSP70 Women's Shoes Size 7.5 () Leather Slip On MephistoAttilio Giusti Leombruni Suede Mule Flat Loafer Size 5 AGL New $295 Women's Toe , New Dolce Vita all leather ballet flats shoes 9 US 40 EU black fuchsiaStella McCartney Black/Pink Leopard Print Canvas Slip-On Flats Size US 5/Bloch Fonteyn ballet flat, NIB. RRP $180SPERRY Top Sider Womens Bliss Zebra Pony Slip On Shoes Size US 9 M NWB , Jimmy Choo Black Leather Flats size 39 $595 purchased Nordstrom , Lanvin Burgundy Embossed Leather Loafers Shoes Size 37.5 US 7Clarks Kinzie Light Black Suede 26128987 Wide Women's ShoesNew Vivienne Westwood Melissa Flower Shoes, Sold Out Everywhere. Size 7 Euro 38 , Womens Studded Leather Mules Flats Slides Sandals Slip Ons Shoes Flip Flops Mule , Ros Hammerson Carrie Cross Strap Nubuck Leather Flats Taupe Women's size 9 MIVANKA TRUMP Womens KENNI2 Dark Blue Fabric Smoking Flats US 10M (887897010769)WDM0099 Twisted X Women’s Driving Moccasins – Dust/Multi Serape Boat Shoe NEWNew $110 Anniel Ballet Derby Shoes 8US/38EU , Cole Haan Shoes Size 8.5 M Womens New Air Morgan White Gold Metallic Flats NWB , Tommy Hilfiger AW ANDEENA Navy Blue Multi Fabric Women's Sneakers -$0 Free ShipRUBIANA TAN BOA LMSP70 Women's Shoes Size 7 M Eur 4.5 Suede Slip On Mephisto , J.CREW FELTED WOOL PENNY LOAFERS 8M GREY BLACKSperry Top-Sider ~ Gold Cup Collection Women's A/O Boat Shoe $160 NIBNew FLEXATION BY AEROSOLES Women Leather Black Flat Loafer Shoe Sz 7.5 M , Cole Haan Grand.OS Size 6 Blue Drivers Loafers New Womens Shoes , Womens sz 9 W Wide stuart weitzman bone leather ballerina ballet flat shoes pump ,
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 American Rag Womens Desyre Closed Toe Ankle Chelsea Boots, Black, Size 10.0 Axw6MIA SHOES NWT Selina Stone Brown Suede Side Fringe Booties Ankle Boots sz 9 $89CAPEZIO WOMENS 7 M TAN LEATHER STACKED HEEL Western COWBOY TALL BOOTS rockabillyWomens David Tate leather ankle boots - size 10WW - brownchaussures vintage REPETTO cuir marron façon reptile 38,5 , El Naturalista Spanish Handmade Women's Black Boots Size 7.5 Full Zipper , Naturalizer size 8 Black Leather/Suede side zip Ankle BootsBear Trap Womens Brown Boots Size 5 M style winter winter warmBlowfish Women's Astra Ankle Bootie Black Fawn Polyurethane/Dyecut Polyuretha...AEROSOLES Womens OVERRIDE Black Knee High Boots Size US 7.5M (887711404552) , Coclico Women's Brown Suede Pull On Knee Hi Low Heel Boot Shoe 37 7Josef Seibel Sienna 03 Boots - Women's Size US:8-8.5 / EU:39, Black , Sperry Top Sider Size 5.5 Black Leopard Boat Shoe New Womens Shoes , Lucky Brand ‘Salza’ Brown Suede Side Zip Ankle Boots Women's Size 10 MAuthentic Tosca Blu Italian sneakers flats Leather Glam Style Eur 40 , women's shoes 2 STAR 11 () moccasins gray brown textile suede AP718-41Valentino Rockstud Balleriana Flat Women's Leather Brown Size 8.5 , ARCHE Laius Black Leather Ballet Flats 8486 Size 5 M 8486PAUL GREEN Womens 'Lourdes' Rose Gold Leather Loafers Sz UK-4.5 / US-7Handmade] Womens Point Toe Suede Leather Flat Shoes Ballet Ballerinas GG Bow KnoBROOKS RAVENNA VI 6 running shoe White/Raspberry/Paradise Green . women’s 6Cole Haan Women's Tali Bow Ballet Flat, Blue, Size 8.5Jordan girls aj1 retro high prem (GS) size 4.5 Youth , POE Shoes 955430 Grey 25cm , New Altra Womens Provision 2.5 Orchid/Black Running Shoes Size 5.5 , NEW Converse Chuck Taylor All Star CTAS OX 555855F Red Black White Womens size 7 , VANS Ankle Hi (Leila Hurst) Black Sandal Women's Shoes Size 6Women's Minnetoka Fringe Boots Size 10 Boots , Womens Tassel Multi-Color Ethnic Style Hidden Heels Ankle Boots Fashion Shoes , Kamik Rain Boots Knee-High Gray Rubber Women Sz 11
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Fitflop Womens Uberknit Ballerina 27790 Crystal Ballet (B,M) Flats 10 Medium Ballet (B,M) BHFO 7191 cf26032 Flats
2551937
6594909
11334078
11431148
13332837
13646526
13823664
14351882
18396497
Powered by WordPress.com VIP.