The Buzz
All markets and investing news all the time

Paul Mayer Attitudes 5sfg-9222 9222 Bay MSRP Brighton Black Womens Shoes Size 8.5 M Flats MSRP $240 ef0a720




Item specifics

Condition:
New without box: A brand-new, unused, and unworn item (including handmade items) that is not in original packaging or ... Read moreabout the condition
Brand: Paul Mayer Attitudes
Material: Leather Style: Bay Brighton
Heel Height: Flat (0 to 1/2 in.) Model: Bay Brighton
Color: black MPN: Does Not Apply
US Shoe Size (Women's): 8.5 Width: Medium (B, M)
UPC: 630260634358

Paul Mayer Attitudes 5sfg-9222 9222 Bay MSRP Brighton Black Womens Shoes Size 8.5 M Flats MSRP $240 ef0a720 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Paul Mayer Attitudes 5sfg-9222 9222 Bay MSRP Brighton Black Womens Shoes Size 8.5 M Flats MSRP $240 ef0a720
Paul Mayer Attitudes 5sfg-9222 9222 Bay MSRP Brighton Black Womens Shoes Size 8.5 M Flats MSRP $240 ef0a720 - 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%.

Paul Mayer Attitudes 5sfg-9222 9222 Bay MSRP Brighton Black Womens Shoes Size 8.5 M Flats MSRP $240 ef0a720

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Paul Mayer Attitudes 5sfg-9222 9222 Bay MSRP Brighton Black Womens Shoes Size 8.5 M Flats MSRP $240 ef0a720 - hollisbaker.com
About This Author
Paul Mayer Attitudes 5sfg-9222 9222 Bay MSRP Brighton Black Womens Shoes Size 8.5 M Flats MSRP $240 ef0a720 - 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
 
J Crew Collection Calf Hair Harper Leopard Print Slip On Pointed Toe Flats 6.5Tod's Loafers Moccasin Driving Shoes Women Size 38.5 , Diane von Furstenberg Tareena Natural Platform Espadrille NIB Size 41/10 , Via Spiga New Galea 5 Pink Womens Shoes Size 9 M Flats MSRP $175Munro Women's Veranda Casual Shoes - Black Suede - Size 10.5JCrew $138 Audrey Flats in Suede Sz 9 Black G0891 Shoes NEW , Frye 'Ruby Ring' Black Leather Slip On Loafer Flat Size 8.5 MCharlie Penny Loafers In Snake Skin, J Crew, US 7, Made In Italy, Retail $200 , Tory Burch Royal Purple Quilted Kaitlin Suede Gold Logo Toe Cap US9, Euro40, UK7 , New NAOT Papaki sandal in Black velvet/ patent size36 4.5/5US , Tory Burch Metalic Montrose Leather Mules Slides Size 8 NEW silverNWOB Cole Haan GARNET DRIVING LOAFERS Shoes WOMEN'S SIZE 8.5 $160 NEW , Stella McCartney Embroidered Floral Denim Slingback Espadrilles Eur 39 US 9 $758G.H. Bass & Co. Wylie Oxford Flats, Black/White/Grey, 7.5 US , STUART WEITZMAN BURGUNDY SUEDE MSRP $325 POINTY TOE SPAIN LADIES LOW PUMP SHOE~7Arche 'Lilly' Flat - Black -Size 5 US/ 36 $298 (P6)NWOB Sam Edelman Loraine Silver Leather Loafers Shoes Size 9Salvatore Ferragamo Vara Bow Brown Croc Leather 1" heel shoes Sz 9 4A Narrow , CHLOE BLACK ROUND TOE BALLET SHOE WITH ZIPPER SIZE 36.5 M , Tory Burch Minnie Travel Ballet Flats Black Leather Size 7 , Madewell Arielle D Orsay Flat Size 8 Dusty Clay NIB , Anthropologie Bill Blass Sutton Espadrilles Ivory Snake Print Embossed 6.5 NewRARE Osborn Black White Handmade Guatemala Oxfords -37- La Garconne $150Sigerson Morrison New Elias Black Womens Shoes Size 7.5 M Flats MSRP $295Vince New Bates White Womens Shoes Size 10 M Flats MSRP $250New Waldlaufer closed sandal in Black size 6US , TORY BURCH Women Yellow Polka-dot Blue Leather Slip on Flat Shoes Size 9MWomens COLE HAAN D40008 patent leather wingtip oxfords sz 7.5 NEW Tompkins Coral , New Cole Haan Grand OS Women Penny Loafer 100% Leather Gray Shoes 6 Slip On ,
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 Apt. 9 Manager Womens Size 9 Medium Black High Heel Ankle Boots $80 NewWomens Journee Collection Black Peep Toe 10M , NINE WEST WOMEN'S SHOES - DRESS LOAFERSMadeline Womens Priceless Closed Toe Ankle Fashion Boots, Raspberry, Size 8.0Very Volatile Woman's Sz 9 Cowgirl Western Boots W/HeelTaupe/Tan RodeoAbound Sasha Short Genuine Shearling Suede Boot , G by Guess Womens gherly Leather Almond Toe Knee High Fashion, Black, Size 7.5 NBearpaw Emma Tall Women US 6 Leather Dark Brown Snow BootLucky Brand Basel Side Zip Ankle Boots 517, Taupe, 6 US , Pleaser Delight-2018 white pat stiletto knee peep toe platform boots 9 CLOSEOUTWomen Chic Sequins Over Knee Thigh High Boots Shaped Heels Stretchy Pointed Toe , Dansko Women's Misty Mary Jane Flat Black Size 8.0 VSgq , Blowfish Salinas Fog Grey New Fawn Womens Ankle Boot Size 8MCoconuts Matisse Britt Strappy Ankle Booties - Charcoal Taupe Gray - 6.5 - BohmeValentino Noir Ballerina Size 40 Wrap-around Chain Accent Leather Black FlatsApex Women's A3000WX09 Oxford Flat, Black, Size 10.0NICHOLAS KIRKWOOD Beya Mules Leather Point Toe Heel Loafer Flat White 36Cole Haan Women's Laurel Loafer - Choose SZ/ColorNaturalizer Women's Cycle Bootie, Black Leather, 8.5 N USJigsaw Rose Gold Metallic Patent FS/NY Ballet Flats , Ann Creek Women's Tippy Shoe , NEW ORIZONTE ROSEMARY WOMENS EUROPEAN COMFORTABLE SOFT LEATHER FLAT SHOES , Nautilus Women's N2471 Composite Toe Adv ESD Athletic Work Shoe Purple , Converse Leather Jack Purcell JP LTT Turf OX Men US 5.5 Wmn 7 , NEW! Nike 863780-001 Womens Lunarepic Low Flyknit 2 Black/White 7.5M 101Q aaU.S. Polo Assn.(Women's) Women's Raven-Ek Fashion Sneaker - Choose SZ/ColorWomen's Ivanka Trump Women's Tizola Mule FlatsJessica Simpson Caysy Gray Womens Shoes Size 10 M Boots MSRP $110 , ANTONIO EBOLI BROWN LEATHER POINTED TOE BOOTS SIZE 35.5 ITALY OR 5.5 U.SNike WMNS Air Zoom Pegasus 34 [880560-602] Women Running Shoes Hot Punch/Navy
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Paul Mayer Attitudes 5sfg-9222 9222 Bay MSRP Brighton Black Womens Shoes Size 8.5 M Flats MSRP $240 ef0a720 Flats
1999058
3793528
5235466
7409649
10245852
17542907
18396586
18545670
18659508
Powered by WordPress.com VIP.