The Buzz
All markets and investing news all the time

EMPORIO localjoes-27491 ARMANI sz 36 womens [#F165] Leather suede Leather Driving shoes [#F165] db4d3d9

Item specifics

Condition: Pre-owned :
An item that has been used or worn previously. See the seller’s listing for full details and description of any imperfections.See all condition definitions- opens in a new window or tab
Seller Notes: BARELY USED
Colour: Brown Size: 36
Material: SUEDE LEATHER UPC: Does not apply

EMPORIO localjoes-27491 ARMANI sz 36 womens [#F165] Leather suede Leather Driving shoes [#F165] db4d3d9 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
EMPORIO localjoes-27491 ARMANI sz 36 womens [#F165] Leather suede Leather Driving shoes [#F165] db4d3d9
EMPORIO localjoes-27491 ARMANI sz 36 womens [#F165] Leather suede Leather Driving shoes [#F165] db4d3d9 -

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%.

EMPORIO localjoes-27491 ARMANI sz 36 womens [#F165] Leather suede Leather Driving shoes [#F165] db4d3d9

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
EMPORIO localjoes-27491 ARMANI sz 36 womens [#F165] Leather suede Leather Driving shoes [#F165] db4d3d9 -
About This Author
EMPORIO localjoes-27491 ARMANI sz 36 womens [#F165] Leather suede Leather Driving shoes [#F165] db4d3d9 -
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
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
REPETTO BALLET FLATS IN NUDE SALMON PINK - SZ 38 - BRAND NEW !!! , KENNETH COLE REACTION Women's Shoes Size 8 M Open Toe Leather Loafers , Versace 19.69 C01 CAMOSCIO MORO Classic Shoes Women's Dark Brown USJ crew womans leather collection flats/shoes size 9 deep violet color , New ALFANI Leather Women Comfort Slip On Flat Embellished Shoe Sz 11 M , HALINA FLORAL PINK LMSP70 Women's Shoe Size 7 M Eur 4.5 Leather Slip On MephistoCole Haan Women ZeroGrand Wingtip Oxford Casual Shoe, Ironstone, US 8Fitflop Womens Pretty Bow Superballerina Slip On Shoes, Silver, US 8 , Dansko Womens Black Leather Mary Jane Comfort Shoes Size 41 US WedgeNEW Merrell Dassie Tie Women 11 Oxford Shoes Leather Metal Eyelets Tie On BrownFree people Brocade At Ease Loafer Floral Mule 39 Women’s 8 EUC Blue Multi , Marc Joseph Cypress Hill Driving Shoes Loafers Womens 6 Brown Leather NewEarth Lantana Merlot Red Dress Slip-On (Women)Sanita Size US 5.5 M Sonia Espresso Patent Leather Clogs New Womens Shoes , Ivanka Trump Womens Jami 2 Black Ballet Flats Shoes 6 Medium (B,M) BHFO 0016DEMONIA Womens Gothic Punk Black Faux Suede Platform Creepers Shoes CRE402S/BNew $110 Anniel Ballet Derby Shoes 9.5US/40 US/41EUWome's DANSKO Size 37/ 6.5 Brown Button Leather Slip On Clog Shoes New NWTAUTHENTIC Prada Gray Brown Patent Leather Silver Tone Buckle Flats SZ 36.5NEW Merrell Dassie Tie Women 8 M Oxford Shoes Leather Metal Eyelets Tie On Brown , JCrew $148 Two-Tone Pointed-Toe Loafers Sz 10 Iced Peach H5521 AVL , Made in Italia MARE-MARE-NAPPA_CHARME ballerina shoes Women's - colour Pink USEl Naturalista Womens N963 Croche Flat ShoesLadies Rieker Casual Flat Shoes With Diamante Detail 41340Cole Haan Womens Eudokiasam Closed Toe Ballet Flats, Purple, Size 6.0 , Tory Burch Womens Suede Loafer Moccasin Shoes Light Brown 8.5 , Clarks Gracelin Mara Black Women's Leather Ballet Flat 28605Versace 19.69 B1670 VITELLO CEDAR Brogue Women's Brown USMarco Italian Soft Cotton Ballet Flats US6.5/ EU36 New
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 Ladies Spot On Mid Calf Boots F50323 , The Sak Womens RHYME Round Toe Ankle Chelsea Boots, MultiColor, Size 7.0 DieGFashion Women's Waterproof Foldable Rubber Rain Boots Wellies Colors Shoes Boots , Target Black Knee High Boots Size 8 1/2 (womens) Elastic stretch back , Worthington Fashion Black Leather Women's Ankle Boots Size 7 1/2 Medium , * US 8.5 WOMEN SIZES SHEEP WOOL SLIPPERS BOOTS 100% PURE WOOL VALENKI sheepskinWomen's Vintage Black Leather Sendra 2380 Schwarz Harness Riding Biker Boots 7CL By Laundry Faux Leather Cut Out Booties, Women's Size 7.5 M, Black NEWNew EAST SPIRIT Brown Leather Brower Faux Fur Ankle Short Boots Booties 7.5 MedHarley-Davidson Women's Insignia Boot Black Size 6 M NEWKLUB NICO Zayna Oatmeal Nubuck Pointy Geometric Cutouts Versatile taggart bootieNaughty Monkey Black Leather Suede 8.5 Full Thigh Thick Calves Sexy Over KneeEcco Women Leather Ankle boots size 39 US 8.5 , Clarks Originals Women's Wallabee Boot Beeswax Leather 38257 Size 7.5 , STUART WEITZMAN SNAKE FINISH METALLIC GRAY FLATS, 11, $295 , Sanuk Womens Donna Chill Slipper- Pick SZ/Color. , Womens 5.5 6 36 Sanita Zita Water Resistant Clogs Brown Leather Red ProfessionalANNE KLEIN Women's Birta Captoe Wedge -Black Sz. 9.5M NIB , women's shoes MBT 6 / 6,5 loafers burgundy patent leather dynamic BZ917-B , NIB Vince Corbin Aubergine Plum Purple Sneakers Shoes Loafers Women's Size 8.5 MNew Balance 574 Gray and White Sneakers size 10 , Qupid Women's Moira-07 Sneaker, Black, Size 7.5 Pa9vRoman Bandage Womens Pointy Toe Leather Mules Rhinestones Butterfly Solid Shoes , Lanvin Brown Green Orange Patent Printed Elastic Ballet Flats SZ 38.5 , Cole Haan Womens Tokessasam Closed Toe Loafers Green Size 6.0BNIB THE LAST CONSPIRACY Greta Black Perforated Leather Sneaker Size 37 , PUMA Women's Dare Trainer WNS Sheen Sneaker, - Choose SZ/ColorWomen's NAOT Women's Kirei Wide Flat Flats9.5 Womens MOZO Divine Restaurant Wedges Shoes Black Leather Slip Resistant Work , Adidas Women's Originals Iniki I-5923 Running Training Shoes Boost
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
EMPORIO localjoes-27491 ARMANI sz 36 womens [#F165] Leather suede Leather Driving shoes [#F165] db4d3d9 Flats
Powered by VIP.