The Buzz
All markets and investing news all the time

Women High End Genuine Genuine Leather Slip End on on Rhinestone Rivet Punk Loafer Casual Shoes ca70a7e




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: Unbranded
Material: Leather Style: Loafers @ Moccasins
Occasion: Casual Country/Region of Manufacture: China
Pattern: Rhinestone Heel Height: Flat (0 to 1/2 in.)
Width: Medium (B, M)

Women High End Genuine Genuine Leather Slip End on on Rhinestone Rivet Punk Loafer Casual Shoes ca70a7e - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Women High End Genuine Genuine Leather Slip End on on Rhinestone Rivet Punk Loafer Casual Shoes ca70a7e
Women High End Genuine Genuine Leather Slip End on on Rhinestone Rivet Punk Loafer Casual Shoes ca70a7e - 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 High End Genuine Genuine Leather Slip End on on Rhinestone Rivet Punk Loafer Casual Shoes ca70a7e

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Women High End Genuine Genuine Leather Slip End on on Rhinestone Rivet Punk Loafer Casual Shoes ca70a7e - hollisbaker.com
About This Author
Women High End Genuine Genuine Leather Slip End on on Rhinestone Rivet Punk Loafer Casual Shoes ca70a7e - 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
 
� Dr. Martens Doc MIE England Light Grey Temperley 1461 Shoe US 11 �Via Spiga Women's Beige Suede Ankle Strap Flat Sz 6M 2613 , Tory Burch Heidi Ballet Flat Logo Minnie Reva Leather Ballerina Shoe Metallic 8Versace 19.69 7502 SOFTY RED Loafers Women's Red USTHIERRY RABOTIN Delaney in Box $410 EU37.5 Black Suede &Leather Wedge ITALY7.5BSigerson Morrison Women's Edna Loafer Flat Black Size 10.0 , NIB $650 Oscar De La Renta "Winona" Bordeaux Velvet Flats sz 9 IT 39New Jcrew Lily Ankle Wrap Flats In Gingham Navy White 8.5 G4092Sanita Original Professio Brown - Women's US 10.5-11 Medium , NEW Tory Burch Reva Tan Ballet Flat Shoe Pebbled Leather Logo Brown Sand Sz 4 MZARA STUDIO WHITE SATIN BALLERINAS FLATS EMBROIDERED SLOGAN US 8 RARE , NEW Stuart Weitzman Womens Shoestring Woven Ballet Flats Sz.5.5MGravity Defyer Brown Slip On Suede Loafers New Sz 8.5 Women's $200 , Loeffler Randall Women's Lois Suede Moccasin Flats Retail $295 size 6CHIARA FERRAGNI 'Flirting' Flat Rosa Size 38 EU , Stuart Weitzman Mulearky Beige Womens Shoes 6.5 M Clogs & Slippers MSRP $398 , Women's Shoes Bed Stu DARLA Woven Strap Slip On Loafers Sand Rustic Size 8Women's Shoes Bed Stu DARLA Woven Strap Slip On Loafers Sand Rustic Size 7.5Dansko Professional Patent Leather Clog Black Women Sz 42 , MARC JACOBS Floral Canvas Leather Flats Shoes Size 37 1/2 US 7 1/2 /2Neiman Marcus Cap Toe PVC Flats Size 40/10 , Original SAS Easier Antique Wine 0128-153 W Wide WomenSAS Twin Loafer in Brandy Brown Size 7 1/2 MTory Burch Minnie Travel Ballet Flat White 8.5TOD's ballet flats, green suede, women's size US 8 MRSP $480Stuart Weitzman Chicflat Flats - Women's Size 7 M, ShellSperry Women’s Top Sider Boat Shoe 11W Customized Authentic Original 2-EyeFitFlop Women's Superskate Shimmersuede Slip Mule - Black - Size 9Paul Green Black Leather Comfort Slip On Driving Loafer- Unique Details! Wm 6.5
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 White Mountain Brown Suede Ankle Boots, Women's Size 7.5 M , NEW COMFORTVIEW JANIS BROWN LEATHER WIDE CALF BOOTS SIZE 8.5W NWOB , Dolce Vita Shootie / Bootie (Size 8.5) , Call It Spring Womens Pietraia Closed Toe Ankle Fashion Boots, Black, Size 6.5 c , Fashionable Women's Zip Purple Ankle Boots 8 1/2VTG WOMENS JUSTIN GYSPY COWBOY LEATHER BROWN BOOTS SIZE 9 BVasque Hiking Boot Multi-sport Trail Vibram Soles Women's 9.5Bella Vita 8.5 Tan Suede Shoe Short Boots Tie with 3 " Block Heel PlatformDolce & Gabbana Boots Black Leather Women's Size 38 US 7.5New SAM EDELMAN Skyler Cut Off Cowboy Boot Crystal Harness 6 M , Dr. Martens Women's Cordelia Brown Leather Slip On Shoes Size 9 Chunky Heel New , journee collection durango Brown Size 9.0Zigi Soho Womens Black Leather Imrie Ankle Boots Shoe Size 9 M NEW! , Me Too Over-the-Knee Black Leather Boots Women's Size 11M HTF New w/o BoxDONALD PLINER (RUE-TW27) WOMEN'S SIZE 7 BRAND NEW! , Seychelles EAGER Womens Eager Ballet Flat- Choose SZ/Color.Womens Mules Shoes Slippers Loafers Real Rabbit Fur Trim CHic Winter warm ShoesHenri Beguelin Cracked Metallic Leather Aubergine Loafer Oxford Shoes 37 NIB , NEW BALENCIAGA Size USA 10,5Calvin Klein Elin Pointed Toe Loafer Flats 189, Cow Silk/Tortoise, 7.5 US / 37.5Birkenstock Women's Mayari Birko Flor Graceful Ocean Birko-Flor , Puma Sale Women Platform MID - Black - Leather with strong foundation , Lucky Brand Women's Emmie Flat Platinum LeatherSkechers Gratis Simply Serene Slip On Sneakers, Women's 10W, Dark Taupe NEWVans Authentic Gore Leather Canvas Bone White, Women's Shoes Size 8 , (E1) NIKE Flex Trainer 6 Women’s Running Training Shoes Size 10 EUC , Women's Ellie Women's Tin-511 Gold Athletic Shoes , Retro Womens Faux Suede Chunky Block Heel Zip Platform Trendy Ankle Boots CasualPleaser Day & Night Women's Swan 612 Black Kid Leather/Suede Platform ShoesWomans Sketchers relaxed fit ankle boot, size 8 wide, brown
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Women High End Genuine Genuine Leather Slip End on on Rhinestone Rivet Punk Loafer Casual Shoes ca70a7e Flats
692102
1535751
6640506
7305404
8550088
12243869
14600667
15064739
15453195
Powered by WordPress.com VIP.