The Buzz
All markets and investing news all the time

Hot Chocolate Design Chocolaticas Shanthi Women's Mary Multicoloured Jane Design Flat Shanthi Multicoloured 790aee7




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
UPC: 841378103937
Weight: 1.15 lbs EAN: 0841378103937
Dimensions: L 13.2 x W 4.6 x H 4.2 inches Brand: Hot Chocolate Design
ProductGroup: Shoes MPN: ZCHSH08
ISBN: Not Applicable Binding: Apparel
Style: Not Applicable Color: Multicoloured
US Shoe Size (Women's): 8 M US Department: womens

Hot Chocolate Design Chocolaticas Shanthi Women's Mary Multicoloured Jane Design Flat Shanthi Multicoloured 790aee7 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Hot Chocolate Design Chocolaticas Shanthi Women's Mary Multicoloured Jane Design Flat Shanthi Multicoloured 790aee7
Hot Chocolate Design Chocolaticas Shanthi Women's Mary Multicoloured Jane Design Flat Shanthi Multicoloured 790aee7 - 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%.

Hot Chocolate Design Chocolaticas Shanthi Women's Mary Multicoloured Jane Design Flat Shanthi Multicoloured 790aee7

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Hot Chocolate Design Chocolaticas Shanthi Women's Mary Multicoloured Jane Design Flat Shanthi Multicoloured 790aee7 - hollisbaker.com
About This Author
Hot Chocolate Design Chocolaticas Shanthi Women's Mary Multicoloured Jane Design Flat Shanthi Multicoloured 790aee7 - 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
 
CLARKS Women's Fianna Carlie, Brown Leather, 7.5 M US , Taryn Rose Women's Abriana Nappa/Soft Patent Ballet Flat, Black/Black, 7 M USECCO women's BLUMA Slip On SHOES Band Ballets Casual Flats BLACK US 6-6.5AGL Attilio Giusti Italy | Blue Suede Rhinestone Buckle Ballet Toe Flats 39 / 9Rockport Womens Loafers Size 8.5 Brown Leather Comfort Slip On Mocassin Style , Zara Women Striped Platform Derby Shoes Size 8 NWT , Eastland Women's Amore Slip-On Loafer, Brown, 10 W US , Franco Sarto Women's Blanchette Slip-on Loafer New Mushroom 6 M USBandolino Women's Lakita Loafer Flat,black,9 M US , JBU Women's Dune Encore Black Earth 11 B US , UIN Women's Monacan Girl Printed Canvas Walking Shoe Multicolored 8.5 , Franco Sarto Women's Sela 2 Mule, Camel/Black, 6 M USClarks Women's Kinzie Time Flat,Pewter Leather,7.5 M USPorts 1961 Bow Knot Suede Leather Sneakers Slip On 38.5 Sanders Vince ShoesLifeStride Women's Quintessa Ballet Flat, Black, 10 M US , Earthies Women's Grey Printed Suede Essen 8.5 Medium US , Easy Street Women's Draft Ankle Bootie, Black/Snake, 7 M US , Chocolat Blu Womens Shoes Loafers DEAN US 6 Two Tone Brown Leather Slip on 557 , JBU Women's Dune Encore Black Earth 9 B US , EVERLANE Womens The Modern Loafers 10.5 Black Italian Patent Leather Shoes , BC Footwear Women's Take Me Away Pointed Toe Flat, Silver, 7.5 M US , UIN Women's Lady-Walking Painted Canvas Slip-on Shoe Red 8ECCO Footwear Womens Touch Ballerina Bow Flat, Dark Shadow, 41 EU/10-10.5 M USJack Rogers Women's Lucie Ballet Flat, Silver, 6.5 Medium US , Easy Spirit Women's Ezcool Navy Multi Combo Suede Shoe , Bernie Mev Women's Demure Flat, Camo, 39 EU/8-8.5 M US , T.U.K. Women's T1002 Brogue Mary Jane Flat,Black,8 MVIDALeather Daily Women Ballerina Real Colombian Leather Flats Flexible Ballet 9 , Dr Martens Smiths Daze 4 Eye Oxford Shoes Floral Multi Women Size 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 Totes Womens Boots Winter Tall Peyton Solid Man Made Thermolite size 6 NEW , Faux Fur Stiletto Furry Faux Fur Knee Heel Boots -Beige , Easy Street Women's Badge Ankle Bootie, Black Burnish, 6.5 N US , Guess Ankle Snow Boots Sexy Black Faux Fur W/ Straps Platform High Heels SZ 9.5M , Sporto Charles Angled Calf Waterproof Winter Boots, Pewter, 8 W US UsedWomens Black 6"Stiletto High Heel 1.5"Platform Sexy over Knee Boot Size 7 , BCBG Paris Womens Brown Size 6.5 M Charlita Suede Zip Slouch Heels BootsMARC JACOBS BLUE TRIM BLACK RUBBER RAIN BOOTS 37Steve Madden Brown Cognac Intyce Wedge Boots - Size 11New AUABP Australian Lambskin Darkbrown Women MidCut WinterBoots FurLining 11Womens Platform Creeper Wedge Knited Slouch Pull On Over Knee High Boots Shoescrocs Womens Busy Day Knit Skimmer Flat- Pick SZ/Color.LUCKY BRAND Mabri women amazing booties sleepers size 9 M free shipping , Nine West Size 10.5 M EFFIA Dark Brown Leather Ankle Boots New Womens ShoesWOMENS TORY BURCH QUINN REVA Green Leaf LEATHER LOGO BALLET FLAT SHOES SZ 7.0Sam Edelman Women's Fairleigh Cap Toe Ballerina Flat Nude White 2439 Sz 8 MTory Burch Silver Tumbled Leather Reva Ballerina Flats Womens Size US 8M , NEW DANSKO WOMEN'S CHARLIE PERFORATED SNEAKER BLACK LEATHER 36 6 MEDIUM $120Keen Mercer Ballerina CNX Purple Sporty Slip-On Flats Shoes Sz 8 , FRYE Women's Carson Ballet Flat, Grey, 9 M USSkechers Sport Women's White/Red Stride Fashion Shoe 8.5MMarc by Marc Jacobs Space Glitter Espadrille Women's Shoes,Blk/Gldl,New,8.5US , TIMEBRLAND EARTHKEEPERS 225625 purple taupe leather low heel sneakers sz. 6.5 WVince Warner slip On Sneaker Shoes brand new size 9 Color Black , ROGER VIVIER AUTH $750 Women's Black Leather with front buckle flat shoes Size 7Lanvin Brown Green Orange Patent Printed Elastic Ballet Flats SZ 38.5Clarks Womens Padmora - Brown Smooth SIZE 8Womens Nike Air Huarache Run iD Black White SZ 6 ( 777331-994 ) , Womens Z-COIL Gray Leather Slip On Pain Relief Comfort Shoes Size 9.5 , adidas CrazyPower TR - Black - Womens
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Hot Chocolate Design Chocolaticas Shanthi Women's Mary Multicoloured Jane Design Flat Shanthi Multicoloured 790aee7 Flats
183464
3573698
6252986
7253118
8243394
10986878
11016999
16318780
17436548
Powered by WordPress.com VIP.