The Buzz
All markets and investing news all the time

Clarks- Channing 27798 Ann Loafers, Clarks- Women's Size Size 6.5 M, Black 13ac35a

Item specifics

Condition: New without box :
A brand-new, unused, and unworn item (including handmade items) that is not in original packaging or may be missing original packaging materials (such as the original box or bag). The original tags may not be attached. For example, new shoes (with absolutely no signs of wear) that are no longer in their original box fall into this category. See all condition definitions- opens in a new window or tab
Seller Notes: Shoes have been tried on in retail store and show light dirt on the bottom soles.Shoes are otherwise like new and in excellent condition.
Style: Loafers Color: Black
US Shoe Size (Women's): 6.5 Brand: Clarks
Width: Medium (B, M) UPC: 889304565077

Clarks- Channing 27798 Ann Loafers, Clarks- Women's Size Size 6.5 M, Black 13ac35a -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Clarks- Channing 27798 Ann Loafers, Clarks- Women's Size Size 6.5 M, Black 13ac35a
Clarks- Channing 27798 Ann Loafers, Clarks- Women's Size Size 6.5 M, Black 13ac35a -

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%.

Clarks- Channing 27798 Ann Loafers, Clarks- Women's Size Size 6.5 M, Black 13ac35a

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Clarks- Channing 27798 Ann Loafers, Clarks- Women's Size Size 6.5 M, Black 13ac35a -
About This Author
Clarks- Channing 27798 Ann Loafers, Clarks- Women's Size Size 6.5 M, Black 13ac35a -
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
JIL SANDER black leather oxford wedges s37JOHNSON AND MURPHY WOMEN'S LOW HEEL COGNAC DRESS LOAFER 78-18003 SIZE: 7 , New Women's Merrell Neve Slid Slide Slip-On Clogs Shoes Bracken Tweed Size 6MKeen Presidio Mary Janes, Women's Size 9.5, BlackPrada Woman's Perforated Leather Mary Jane Flat Shoe Black US 6.5Cobb Hill Deidre Loafer Wedge-Women's Size 9.5W Black , Dansko Buckle Mary Jane-Women's Size 9.5-10 Navy DAMAGED**Keen Kaci Slide Casual Slip On Shoes - Women's Size 8.5 - BrownTory Burch Eddie Musk Color Patent Leather Ballet Flats Size 7.5 , Cole Haan Tali Bow Ballet Flats 609, Maple Sugar, 8.5 US , FAUSTO SANTINI Women's 39.5 (8.5 US) Leather Flats Maroon , Keen Kaci Slide - Women's Size 9.5, Black , Cole Haan Women's Abigail Grand Skimmer II Leather/Suede Flats TW4 Nude Size 9B , Merrell Ashland Black Womens Slip-On Size 6.5M , BRAND NEW IN BOX! US 7 ALDO WOMEN'S PATENT LEATHER MULES , DKNY Camara Moc Slip On Loafers 071, White, 8.5 US / 39 EU , MADEWEL Shoes 9.5 Madewell Arielle D'Orsay Flat in Clay *LOVELY* Womens SZ 9.5NIB Womens Cole Haan Valida Patent Mules Size 5.5 , Dr. Martens Charlotte Etched Brogue Leather Oxford Women's US 8 Cherry Red NEWSTUART WEITZMAN Cyclist High Top Sneakers Leather Gold Size US 8.5 M New , Clarks Womens Glick Castine Slip-on Loafer, Light Tan Leather, Size 8.5 , LOEFFLER RANDALL Black Suede Penelope Ankle Tassel Tie Ballet Flat 7.5 ShoesMadewell Women's Shoes Coralie Velvet Mary Jane in Pinot Noir - Size 9 - NEW , AUTHENTIC Birkenstock London (NIB) 37 EU / 6-6.5 US (Narrow) - Hunter BlackVIONIC Ladies 'CHILL KENYA' Tumbled Leather Loafers-Gold Sz. 9.5 M NIB , Authentic Burberry Flats Size 6 Designer Luxury , TORY BURCH Brown Snakeprnt PATENT LEATHR Elastic-Back FLAT Shoe w/LOGO ~EUC 6.5MJeffrey Campbell, Tulip, black suede, pearl heel flat, size 8.5Tory Burch Huarache Slip On Casual Shoes - Women's Size 7.5 M, Gold ,
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 Penny Loves Kenny Knee High Boot Women size 7.5 Black SuedeSteve Madden Erlinda Taupe Brown Leather Ankle Boot 10 NEWReport Womens Roy Almond Toe Ankle Fashion Boots, Black/MULTI, Size 6.5 , Vintage Dexter Boots Distressed Knee High Brown Leather Riding Dex Women Size 8NAerosoles Portrait Bootie - Women's Size 11M, GreyNEW WOMENS SEVENTH AVENUE BROWN SADDLE STITCH BOOTS SIZE 8.5M 8.5 M , Steve Madden Womens Brown Leather Ankle Boots 7 M , Sam Edelman Womens Hannah Suede Booties - Grey US Size 9.5 NWOBHush Puppies Farland 16 Inch Womens Zip Boot Brown Leather H506634 D102 , Aerosoles Women's Upper Level Flat, Black Combo, Size 7.5Naturalizer Women's Brenna Boot, Brown, 6 M US , INC Women Shoe Beverley Over The Knee Low Heel Boots Black Leather 6 M $189FSNY Jigasw Coral Leather Ballerina FlatNew w/o Box J. Crew Fabric pointed flats mules metallic thread purple blue sz 7 , SCHUTZ Womens Flat Shoe Cap Toe Slide Flats Mestico Preto Size 7.5NEW Christian Louboutin Flats Suede Cognac Brown Flat Shoes 36.5Miu Miu Velvet Velour Ribbon Ankle Tie Ballerina Ballet Flat Shoes Purple $670Dr Martens Deardra Womens 9L Off White Buckle Dress Mary Jane , Stuart Weitzman 6M Bow STRINGON Tan Gold Cork Ballet Flats Shoes String On NEW!New Womens Puma Sky 2 Hi Metallic Gold Sneaker Retro 361513 01 SZ US W 8 , NEW BALANCE 247 for J.Crew Gray Sneakers Shoes Size 7 NIB , Saucony Originals Womens DXN Trainer Fashion Sneaker- Pick SZ/Color. , AUTHENTIC CONVERSE AS LIGHT DBL TNG OX 122677F CHARCNEW Nike Rival D - Green/Black Running, Cross Training (Women's 7.5) , Womens Shoes Sports Sandals Strappy Platform Creepers Summer Fashion Sneaker XYW , Women's Dolce Vita Women's Westly Sneaker Athletic ShoesWomen's Aquatalia Women's Gwen Naplak Oxford FlatsNaturalizer Women's Etta Mule Black Leather Comfort ShoesSoft Style Women's Angel II Putty Smooth Comfort ShoesAdidas Ultra Boost St Grey White Women’s 11 Men 10 Running Sneakers Shoes BY1900
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Clarks- Channing 27798 Ann Loafers, Clarks- Women's Size Size 6.5 M, Black 13ac35a Flats
Powered by VIP.