The Buzz
All markets and investing news all the time

STRIKE STRIKE FIRENZE 18011 women shoes Bordeaux polished women leather wingtip derby 80abd91




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
Sole: Rubber
Manufacturer: STRIKE FIRENZE Brand: STRIKE FIRENZE
Style: Oxfords Collection: Fall-Winter
MPN: 188-11BORDEAUX

STRIKE STRIKE FIRENZE 18011 women shoes Bordeaux polished women leather wingtip derby 80abd91 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
STRIKE STRIKE FIRENZE 18011 women shoes Bordeaux polished women leather wingtip derby 80abd91
STRIKE STRIKE FIRENZE 18011 women shoes Bordeaux polished women leather wingtip derby 80abd91 - 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%.

STRIKE STRIKE FIRENZE 18011 women shoes Bordeaux polished women leather wingtip derby 80abd91

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
STRIKE STRIKE FIRENZE 18011 women shoes Bordeaux polished women leather wingtip derby 80abd91 - hollisbaker.com
About This Author
STRIKE STRIKE FIRENZE 18011 women shoes Bordeaux polished women leather wingtip derby 80abd91 - 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
 
Balenciaga Black Suede Flats, Size 7Tory Burch Caroline Ballet Clare Blue Suede Flats shoes 5-11 , Alaia Black Woven Top Stitched Leather Bow Ballet Flats Size 38.5 , $495 Charlotte Olympia Women 37 Kitty Cat Loafer Flats Black Suede Gold Metallic , Prada Authentic Women's Natural Beige Suede Slip-On Sneaker Sz 38.5 $550 , ECCO WOMEN'S TOUCH 35 , WALKING COMFY ANKLE BOOTIE ZIPPER , Beige & Black TOD'S LADIES Fashion Sneakers Suede Canvas shoes 8 ITALYAquatalia Emmaline Metallic Weatherproof Flat, Gold 5.5M , 7.5M ,10M 34L1159 NIBTory Burch Vanessa Ballerina Flat Pointy Toe Ballet Shoe Crystals Bow 10- 40 , NEW Free People Royale Flat Leather Shoes Brown Bohemian Boho Flats Size 36-41Sas Roamer On Shoe Leather Womens Casual Shoes , Birkenstock Women's Iona Mary Jane Flat Black leather Sz 42-US-11 New with BoxWomens Shoes Blue Suede Plaid Tweed Limited Collection Handmade NewStuart Weitzman Bordeaux Snakeskin Rumpus Sneaker Size 7.5BIRKENSTOCK SHOES BENNINGTON BLACK NUT BROWN GREY WOMEN'S BOOTS LADIES LEATHER100% Authentic STELLA MCCARTNEY Black Elyse Platform Ankle Boots NEWAquatalia ITALY Women's JACEY Woven Leather Slip-On Loafer Flats NIB Navy $450**Salvatore Ferragamo Varina Flats - Women's Size 7.5B, Light PinkTory Burch 44450 Blossom Ballet Flat, Spark Gold Size 8Tory Burch 'Minnie' Travel Ballet Flat Size 6.5 retail $228 , Tory Burch Pink Navy Seashell Elisa Espadrilles , Helle Comfort Women's Adalena Clog , Frances Valentine Women's Joan Ballet Flat Black Velvet Size 9.0 , BT180 MOMA shoes black leather textile women slip onMarc Jacobs Women's Halsey Pointy Ballerina Ballet Flat - 6.5Drew Women's Cairo Comfort Shoes BrownSaint Laurent Black Patent Slipper 15 Flats Shoes $695 37 7 , Women Graffiti Rivet Genuine Leather Loafers Flat Moccasin Gommino Shoes Slip OnNIB Womens Tory Burch Katie Navy Blue Leather Flats Shoes Size 7.5 ,
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 ANTONIO MELANI BLACK BOOTS ZIP UP 6 1/2 M 61/2M 1 1/2" HEEL VERY NICE , SALE LADIES SPOT ON BROWN & BLACK HIDDEN WEDGE BOOTS WITH BUCKLE DETAIL F50333 , NEW LADY Black/Gold 6"High Heel 2"Platform Pointy Toe Sexy Ankle Boots Size 7.5 , Dolce by Mojo Moxy Latigo Slip-on Western Ankle Booties, Sand, 9 USAGGRESSOR Women's Insulated Steel Toe Steel Plate Rubber Work Boot Black Size 8MVintage Vasque Women Burgundy Leather Hiking Trekking Boots Size 6 ItalyJustin Gypsy Pink Brown Leather Upper Steel Toe Work Boot Womens 6.5 B WKL9981 , Gianni Bini CHOPPER Suede Hiker Yellow Mid Calf Boot Zip Women 7.5M New/w/Box , MINELLI Bottes Pointues Cuir Marron Cognac T 36 BE , Sexy Black Matte Retro Gogo Halloween Costume 2" Heel Knee Boots RET302/B/PU , SC35 Hadleyy Over The Knee Boots 703, Black, 8 US , Brinley Co Women's Valdis Ankle Boot, Black, Size 6.5 beh9Twisted X Women's Blue Multi-Colored Canvas Driving Moccasin Moc Toe Blue 8.5 M , Tod's black suede women's shoes size 6Ivanka Trump Womens Tropica Black Pointy-Toe Flats 7.5 Medium (B,M) BHFO 6255 , Camper 'Bowie' Fuschia Pink/Black Slip-On Flats - Women's Size 40 , Laura Bellariva 9137 Black Leather Fur Stretch Platform Booties 37 / US 7SAS WOMEN'S DREAM WALKING COMFORT SLIP-ON SHOE, ARCH SUPPORT, MADE IN USA , Womens Flats Slip On Square Toe Cow Leather Oxfords Shoes Size Low Heel spring , Jambu Women's Bailey Maryjane Flat, Denim, 7.5 M USSperry Top-Sider Women's Crest Ebb Two-Tone Sneaker - Choose SZ/Color , NEW $118 JCrew Gemma Cap-Toe Flats Bright Grotto Blue 8.5 shoe G0878 , ASFVLT WOMEN'S SHOES TRAINERS SNEAKERS NEW SPEED ROCKS NEO TRIANGLE GREY DD7Pin Up Couture Women's Bella 30 Platform Peep-Toe Pump Teal Faux Leather Pumps , ASICS Women's GT-2000 4 Running ShoeWomen's Jambu Women's PISCES Sneaker NAVY/NEON/KIWI,6 Athletic Shoes , EUC MIA Cowgirl Women’s Ankle Heeled Boots Style Daisy Size 5.5 Color Tan , Womens Punk Retro Strap Buckle Block Heels Ankle Boots Pointed Toe Riding ShoesChic Womens Punk Buckles Platform Mid Block Heels Pull On Over Knee Thigh BootsLa Sportiva Womens - Green Trail / Hiking Shoes Size 9.5 (363922) ,
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
STRIKE STRIKE FIRENZE 18011 women shoes Bordeaux polished women leather wingtip derby 80abd91 Flats
1156726
5733084
8706255
10690852
10878043
10995244
13904232
15863682
16903641
Powered by WordPress.com VIP.