The Buzz
All markets and investing news all the time

Luiza Round Barcelos Snake Embossed Snake High Heels Platform Pumps Pumps Round Toe Shoes Leather 1a472a9




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: My Brazilian Shoes
Color: Beige Style: Ballet Flats
Pattern: Textured Width: Medium (B, M)
Country/Region of Manufacture: Brazil Material: Leather
Country of Manufacture: Brazil Heel Height: Flat (0 to 1/2 in.)

Luiza Round Barcelos Snake Embossed Snake High Heels Platform Pumps Pumps Round Toe Shoes Leather 1a472a9 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Luiza Round Barcelos Snake Embossed Snake High Heels Platform Pumps Pumps Round Toe Shoes Leather 1a472a9
Luiza Round Barcelos Snake Embossed Snake High Heels Platform Pumps Pumps Round Toe Shoes Leather 1a472a9 - 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%.

Luiza Round Barcelos Snake Embossed Snake High Heels Platform Pumps Pumps Round Toe Shoes Leather 1a472a9

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Luiza Round Barcelos Snake Embossed Snake High Heels Platform Pumps Pumps Round Toe Shoes Leather 1a472a9 - hollisbaker.com
About This Author
Luiza Round Barcelos Snake Embossed Snake High Heels Platform Pumps Pumps Round Toe Shoes Leather 1a472a9 - 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
 
UMA Golden Goose Deluxe Brand Ivory White Cowhide Leather Loafer Sneakers 39 , RALPH LAUREN Collection Navy Blue Leather Classic Penny Loafers 7.5M Maine, USA , Burberry Haymarket Tudor Ballerina $375 6.5 Plaid Black , Ballerines BALENCIAGA toutes neuve / New in box Balenciaga stud flats size 37Loeffler Randall Domino Flat Shearling Slide Pink Rose 38/8 MSRP $395.00 , NIB $250 Tory Burch SHELBY Salmon Flower Logo Ballet Flat Shoes Sz 7 M Pink , Alexander McQueen Black Skull on White Leather Flats Sz 37/ 6USNIB ATTILIO GIUSTI LEOMBRUNI Cap Toe Ballet Flat /US 8 Jelly Pink Snake AGL , Diego Bellini 5007 Silver Leather Slip-On Bow Loafer Shoes 37.5 / US 7.5 , Etre 1301 White Black Stitched Quilted Leather Padded Insole Flats 39.5 / US 9.5Women's Size 6-US-Brogues-Platform Oxfords by Jeffrey Campbell- Grey , Stuart Weitzman Women's Sand Hippo Flex Leather Skate Platform Loafers Size 7 , EUC Roger Vivier Saks 5th Ave Women's 8.5AA White Loafers Silver Tone Buckle MSChurch's Shoes 710829 BlackxWhite 38 , Luca Grossi 1007r Beige Suede Black Leather Pointy Toe Flats Shoes 35 / US 5Wolky Cursa Slip On Shoe - NIB - Free Shipping , Isabel Marant Etoile Fodih Moccasin, 40BEAUTIFEEL $298 Deva black suede zipper detail flats shoes WORN ONCE , Leather Mules, Black Mules with feather, "DUCHESS" Red feather, Decorated shoes, , Giorgio Armani Suede Cutout Mesh Loafer 36.5 Black New with Box , TORY BURCH $225 Reva dark fuchsia leather gold logo ballet flats sz 10 WORN ONCEBOTTEGA VENETA Sz 8 N /38 TAN LOAFER RUBBER SOLE Rt $480-NEWCole Haan Jagger Weave Oxford Women size 5.5 B Black Leather , AV223 FENDI shoes red patent leather women ballet flatsWomen's shoes tory burch jackie wedge size 9 B us**SALE**FINN COMFORT WOMENS 71/2 US, comfortable "OVIEDO" premium leather,S-W-01 , RALPH LAUREN WOMEN'S KIDSKIN RIANNE SUEDE FLAT SIZE 38.5B , Louise et Cie Andres Gravel Gray Suede Fur Pompom Loafer Flat Shoes 7.5 NewTOD's moccasins loafers, black suede, women's shoe size, US 6.5 $380 ,
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 Totes Womens joni Fabric Round Toe Knee High Cold Weather Boots Black Size 7.0Women's Refresh Dion-02 Brown Fringe Ankle Booties Size 8.5 M , Dr. Scholl's Codi Faux Leather Ankle Booties, Women's Size 8.5M, Black (Damaged) , Bear Paw Boots 12 Inch Tall Gray Suede W/ Warm Wool Lining Size 6 EUCGIRLS KIDS CASUAL TRAINER BOOTS HIGH TOP ANKLE SHOE GRIP SOLE TRAINER SIZES 10-2 , Anne Michelle L9325 Turn up or Down Boots Tan or Black X 8 (R21A)STEVE MADDEN Women's RITTE RINDING BOOTS Knee Height LEATHER / Suede Round sz 6 , Haze II Black Genuine Leather Riding Buckle Pull On Boots Sz 8.5 M Lovely! , ZARA WOMAN COLLECTION LEATHER STUDDED RIDING BOOTS SIZE 40/9 BLACK NWTMiz Mooz 3 Buckle Leather Ankle Boot, W 9.5, Black , SoftWalk Imlay Ankle Boots Women's size 6.5M, Black Combo 1116NEW Sperry Top-Sider Marlow Suede Ankle Booties Sand / Gold Womens Sz 9 10 $139SKECHERS AUSTRALIA Women CHARCOAL Suede Button Mid Calf Faux Fur Boot 6 M $80Women Knee High Boots Leather Motorcycle Riding Combat Boots Zipper Casual ShoesArturo Chiang Fionia Women's Brown Leather Wide Calf Knee High Boots Sz 6 M NEW! , Tory Burch Reva Suede Burgundy Flats SZ 7Tory Burch Reva Ballet Leather Flat Black Women Sz 7.5 M 3059 , CALLEEN CORDERO Clogs HANDMADE Mules Black Studded Women's US 8 $691Josef Seibel 59676-770310 Womens FergeyFlat /9-- Choose SZ/Color.AUTH Yves Saint Laurent Women Denim Espadrilles Loafer Shoes 36.5 , Loeffler Randall Callie Wedge Espadrille Oxfords Black Natural size 5.5 , D15 NEW Cole Haan GrandPro Deck White Leather Low Top Sneakers Women's Sz 7.5 MDonald J Pliner Womens Pamelaos 03 Shoe Ash Snake Leather Size 7.5 M , New Kenneth Cole Reaction Fringe Loafers Flats sz 9.5 womens rust suedeNEW Dansko XP Professional Black Box Leather Clogs, Women Size 41 (10.5-11) $140 , SAS WOMEN'S SIMPLIFY MOCCASIN SLIP-ON LOAFER SHOE, ARCH SUPPORT , Skechers 982 Street Womens Hi-Lite-Metallic Toe into Sneaker- Choose SZ/Color. , Women's Aerosoles Take PrideMid-Calf Boots, Brown BootsWomens Fur Ball Over Heel Knee High Boots Shoes Pointed Toe Stilettos Suede NewAsics Gel-Kayano 25 Grey White Women Running Shoes B Width 1012A026-020
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Luiza Round Barcelos Snake Embossed Snake High Heels Platform Pumps Pumps Round Toe Shoes Leather 1a472a9 Flats
1706404
2310054
4467099
6746090
8669061
12966010
15022603
16804908
18647007
Powered by WordPress.com VIP.