The Buzz
All markets and investing news all the time

Women's Aquazzura Belgravia Pointed-Toe Pointed-Toe Flat, 36.5 Flats Women's Flats 5a4e220




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: Aquazzura
Color: Black Style: NA
US Shoe Size (Women's): 36.5 MPN: 13139122720000
UPC: 1000075648786 EAN: 1000075648786

Women's Aquazzura Belgravia Pointed-Toe Pointed-Toe Flat, 36.5 Flats Women's Flats 5a4e220 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Women's Aquazzura Belgravia Pointed-Toe Pointed-Toe Flat, 36.5 Flats Women's Flats 5a4e220
Women's Aquazzura Belgravia Pointed-Toe Pointed-Toe Flat, 36.5 Flats Women's Flats 5a4e220 - 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%.

Women's Aquazzura Belgravia Pointed-Toe Pointed-Toe Flat, 36.5 Flats Women's Flats 5a4e220

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Women's Aquazzura Belgravia Pointed-Toe Pointed-Toe Flat, 36.5 Flats Women's Flats 5a4e220 - hollisbaker.com
About This Author
Women's Aquazzura Belgravia Pointed-Toe Pointed-Toe Flat, 36.5 Flats Women's Flats 5a4e220 - 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
 
Women's Lanvin Embellished Suede Ballet Flat Flats , Women's Chloe Lauren Scalloped Flats BROWN Flats , Women's Dior Dior Couture Heeled Slipper Flats , Women's Sergio Rossi Sr1 Suede Sandal Flats , Women's Marni Studded Haircalf Sandal Flats , Women's Tods Patent Tassel Loafer FlatsWomen's Miu Miu Slip On Flats , Women's Prada White Slip-ons Loafers FlatsWomen's Alexander McQueen Ladies Espadrillas FlatsWomen's Bottega Veneta Gala Canvas Espadrille FlatsWomen's Stella Mccartney Chain Loafer Mule FlatsWomen's Aquazzura sneakers, 35 Flats , Women's Versace Beverly Palm Slip-On Flats , Women's Alexander McQueen Ladies Espadrillas WHITE Flats , Women's BALENCIAGA Shoes 950145 Black 39 Flats , Women's Black Christian Louboutin Mesh Flats FlatsWomen's Aquazzura Leather Dancer Flat, 39.5 Flats , Women's Shoes Hogan 29213US -20% FlatsWomen's NIB TOD'S rubber mocassin Flats , Women's Prada Pumps 36.5 FlatsWomen's Lanvin Haircalf Derby Loafer Flats , Women's Celine 8.5 Green Sneakers sale Flats , Women's VALENTINO BEJEWELED GOLD SATIN FLATS FlatsWomen's Shoes Hogan 29217US -20% FlatsWomen's Christian Louboutin Steckel Flat FlatsWomen's Salvatore Ferragamo Platform Sandal FlatsWomen's Sergio Rossi Women's Flats BEIGE Flats , Women's V 1969 Italia Womens Ballerina FlatsWomen's Lanvin Leather Ballet Flat Flats ,
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 New Nature Breeze Olympia-21 Women Leatherette Thigh High Riding BootSPORTO® WATER RESISDENT GIRL SUEDE PULL TASSEL ZIPPER BOOT FUR LINED NEW GREY , womens BORN boots size 9 Winter , Vince Camuto Women's Elvin Platform Booties Size 11 Black Leather Retail $129NEW Womens Kamik Edinburgh Rain Boots Gray Plaid Size 7 MBRAHMA Suede Waterproof Hunting Boots Camo Camouflage Size 6.5 Men's Womens 8.5Code West Cowboy Boot Right Shoe Only Womens Size 9 M Brown Vintage Tan CowgirlRED WINGS Irish Setter 83201 Wo's 6B Brown Leather 6" Soft Toe Waterproof Boot , Banana Republic Leather Boots Size 6.5 Womens Black High Heel Tall Tassles SoftKendall And Kylie Black Patent Combat Boots Size 10Planet Shoes Danni Womens Leather Ankle BootsNine West Galegher Fabric Mid Calf Boots, Women's Size 10M, Dark Grey NEWAnn Marino by Bettye Muller Finley Women Pointed Toe Synthetic Black Size 7.5 , New J Crew Size 8 E7306 Embellished Suede Gladiator Sandals Desert Pink J.crew , Stella McCartney Metallic Silver & White Vegan Leather "Elyse" Oxfords SZ 40 , Versace 19.69 B2452 CRASH DARK NAVY Loafers Women's Dark Blue US , New Balance Ww577wt Women’s Size 12 White Walking Athletic Sneaker Shoes F4-395 , $71.99 Hello Kitty Womens Felice Heels Shoes (black) MW1D03-BLK , Clarks Trigenic Women 9.5 Gray Orange Mesh Athletic ShoesAK Anne Klein Sport 25013583 Womens Able Fabric Ballet Flat- Choose SZ/Color. , Pink Ballet Flats Shoes Womens LEATHER Nobuck Brazil Crystals Gold Rounded Comfy , Wmns Nike Run Swift Black Hematite Grey Women Running Shoes Sneakers 909006-010 , Women Athletic Nike Running Shoes Dualtone Racer Port Wine Deep Red 917682 604*NEW* without box $130 Adidas Mint Green Iniki Runner Sneakers size 9/10 , Easy Street Women's Kana Mule, White/Metallic, Size 10.0 , Brinley Co Womens Faux Leather Gore Back Two tone Booties NewTundra Womens Augusta Winter Snow Boot Black & Tan Brown Size 5 M US , Sole Society Su Kai Leather buckle Ankle Boots side zip Women's 9.5 M Brown , ECCO Women's Soft 8 Perforated Tie Sneaker - Choose SZ/Color , Nike Zoom Hyperace 2 White/Black Womens Volleyball Court Shoes ALL NEW
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Women's Aquazzura Belgravia Pointed-Toe Pointed-Toe Flat, 36.5 Flats Women's Flats 5a4e220 Flats
73147
1800655
2376530
4647258
5931193
8198952
8803298
12890399
13217274
Powered by WordPress.com VIP.