The Buzz
All markets and investing news all the time

Oxford Oxford Shoes Shoes Women's 27772 Super High Top Platform Round Toe Retro Fashion Shoes Ske15 d1b4bbc

Item specifics

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
Occasion: Casual Style: Oxfords
Pattern: Solid Material: Synthetic
US Shoe Size (Women's): US 8 Heel Height: Flat (0 to 1/2 in.)
Country/Region of Manufacture: China

Oxford Oxford Shoes Shoes Women's 27772 Super High Top Platform Round Toe Retro Fashion Shoes Ske15 d1b4bbc -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Oxford Oxford Shoes Shoes Women's 27772 Super High Top Platform Round Toe Retro Fashion Shoes Ske15 d1b4bbc
Oxford Oxford Shoes Shoes Women's 27772 Super High Top Platform Round Toe Retro Fashion Shoes Ske15 d1b4bbc -

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%.

Oxford Oxford Shoes Shoes Women's 27772 Super High Top Platform Round Toe Retro Fashion Shoes Ske15 d1b4bbc

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Oxford Oxford Shoes Shoes Women's 27772 Super High Top Platform Round Toe Retro Fashion Shoes Ske15 d1b4bbc -
About This Author
Oxford Oxford Shoes Shoes Women's 27772 Super High Top Platform Round Toe Retro Fashion Shoes Ske15 d1b4bbc -
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
Munro American HAILEY Loafer Black Leather Stretch Slip-on Womens Size 8 N*Womens Butterfly wing Sandals Ankle Strap Buckle Pointed toe Pumps Flats shoes , Claudia Ciuti Womens Sari Cacao Multi Print Leather Loafer Dress FlatNew Womens Round Toe Flats Bowtie Leisure Shoes Mules Slippers Loafers Leather , Loafer Nine West Andsey Natural Suede , NEW women wedge heel slip on floral pearl rivet platform sport shoes creepers , New Tassel Rivet Pearls Bowknot Loafers Slip on Patent Leather Mules Shoes WomenWomen's Floral Embroidery Slip On Slipper Mules Close Toe Shoes Flats Loafers sz , Oxfords Womens Leather Pumps Shoes Metal Chain Pointy Toe Slip On Mules Flat NewDansko - Kari Pull Up - Women's size 9.5 () - 5400020200occident runway women linen knit leather pointy toe low heel party pump shoes3 Color Fulinken Sz 5-10 New Leather Wingtip Oxfords Casual Dress Womens Shoes , Womens Retro Ethnic Leather Lolita Ankle Strap Flats Shoes Spring Casual VogueFlat Nine West Zdeno White Multi SyntheticMERRELL PEFORMANCE FOOTWEAR SHOES WEDGE PETUNIA COLOR GRAY SIZE 6 ½ MFlat Lilly Pulitzer Lia Espadrille Multi , Flat Nine West Mai Dark Natural SuedeFlat Nine West Xandi Black Multi LeatherPour La Victoire Black Pointed Toe Flats sz-37.5 Org$245 NOW $85Flat Lilly Pulitzer Lia Espadrille True Navy , Soft Women's Cow Leather Splite Toe Slip On Ballet Flats Oxfords shoes Comfort , Shellys London Womens Fontain Pointed Toe OxfordsNIB Vionic Group LLC 454JUDITH-MRLT W/ Orthaheel Technology Womens Judith, 5Propet Women's Julene Mary Jane Flat , Loafer Born Malena Tan Full Grain , LADIES SHOES/FOOTWEAR - Cabello boot 5240 black anklewomens loafers slip on shoes flat heel velvet casual slippers mules buckle decorGenuine Leather Women Poker Creeper Wedge High Square toe Oxford Platform ShoesBCBGeneration Alonsa Cashmere Leather Pointy Toe Flats Womens Size 9.5 M*
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 ZIGI SOHO BROWN BOOTS ROUND TOE COMFORT SIZE 6 M EXCELLENT , Soda Shoes Womens Ankle Boots Size 7.5USNEW Womens Isaac Mizrahi Live Andrea Suede Wedge Boots Mulberry Sz 7.5W ASO QVC! , New Women's Riding Boots Black Lug Soles Shoes Winter Snow Ladies size 6 , Womens Ankle Boots 9.5 Black Leather Side Zip Round Toe Madison & Max , Frye Womens 8.5 B Campus Braided Brown Leather Heels Tall USA Made Boots 8549 fp , Minnetonka Tramper Ankle Hi Boot - Women's Size 5, Brown , Breckelle's Women's Tenesee-15 Buckle Detail Knee High BootsSugar Women's Granita Bootie with Memory Foam Sneaker,Navy Micro,9 Medium US , Minnetonka Women's Black Lacy 7 Moccasins Ankle Booties Rubber Sole Side FringeMADE IN CHELSEA Dita Brown/Leopard Print Fur Suede Platform Courts Zip Detail , New Women Liliana Barbara-20 Distressed Denim Peep Toe Stiletto Ankle Boot , BOC by Born Dalvigne Ankle Boot Women size 8 BlackSeven Dials Womens Soha Fabric Closed Toe Ankle, Wheat/Fabric/Sweater, Size 9.0 , Very Volatile Women Ankle Boot, Silver color, available in size-8, 8.½; New!Vintage Unbranded Womens Size 8.5 Honey Genuine Leather Western Cowboy Boots-363A35 Biliee Riding Boots 308, Cognac, 7 US$130 ENZO ANGIOLINI SINLEY Dark Brown COMFORT Designer Shoes Mid Calf Boots 6Lucky Brand Womens Boots Size 9 M Camel Tan Suede Knee Boot Wedge Heel ZipperDansko Mathilda Dark Taupe Size 37 2601-200200 , Jimmy Choo London Black Leather Cap Toe Ballet Flats Size 8.5/39 , Propet Cameo Black Womens Slip-On Size 6.5M , New GIANVITO ROSSI Cheyenne Gold Embroidered flat sandal; 36/5.5TOD'S GOMMINI PINK SUEDE DRIVING WOMEN'S MOCCASINS SIZE 36.5 EU $425Tory Burch NWT Black Silver Embellished Suede "Elora" Slides SZ 6New NINE WEST Women Leather Driving Sneaker Casual Oxford Flat Shoe Sz 8.5 M , Women's Dansko Professional Patent Multicolor Clogs Size 36 to 5 1/2 US , Nike Free Tr 7 Reflect Training Women's Shoes Size 7.5 , Women's prada Sandal flats 39 Flats , black sequin booties size eight and a half
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Oxford Oxford Shoes Shoes Women's 27772 Super High Top Platform Round Toe Retro Fashion Shoes Ske15 d1b4bbc Flats
Powered by VIP.