The Buzz
All markets and investing news all the time

EVERLANE ITALIAN THE MODERN LOAFER $270 US $270 BLACK ITALIAN LEATHER FLATS US 7 EUC! eb8983e




Item specifics

Condition: Pre-owned :
An item that has been used or worn previously. See the seller’s listing for full details and description of any imperfections.See all condition definitions- opens in a new window or tab
Seller Notes: Gently Worn!
Country/Region of Manufacture: Italy Width: Narrow
Style: Loafers Color: Black
Heel Height: Low (3/4 in. to 1 1/2 in.) Occasion: Wear to Work
US Shoe Size (Women's): US 7 Brand: Everlane
Material: Leather UPC: Does not apply

EVERLANE ITALIAN THE MODERN LOAFER $270 US $270 BLACK ITALIAN LEATHER FLATS US 7 EUC! eb8983e - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
EVERLANE ITALIAN THE MODERN LOAFER $270 US $270 BLACK ITALIAN LEATHER FLATS US 7 EUC! eb8983e
EVERLANE ITALIAN THE MODERN LOAFER $270 US $270 BLACK ITALIAN LEATHER FLATS US 7 EUC! eb8983e - 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%.

EVERLANE ITALIAN THE MODERN LOAFER $270 US $270 BLACK ITALIAN LEATHER FLATS US 7 EUC! eb8983e

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
EVERLANE ITALIAN THE MODERN LOAFER $270 US $270 BLACK ITALIAN LEATHER FLATS US 7 EUC! eb8983e - hollisbaker.com
About This Author
EVERLANE ITALIAN THE MODERN LOAFER $270 US $270 BLACK ITALIAN LEATHER FLATS US 7 EUC! eb8983e - 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
 
SJP by Sarah Jessica Parker Meteor Sandal - Women's Size 7.5 GoldVince Black Suede Warren Slip On Fashion Sneakers Womens Size US 9.5M , Tory Burch VERBENA-TRIBAL SNK Leather Smoke Roccia/Black Balet Flats Size 4,5M , Sold Out Rothy’s Sneakers! Black - 9.5 , Roger Vivier Satin Chips Flats Black on Black , Marc Jacobs silver leather sneakers, size 38EU, brand new , Vince Gray Suede Warren Slip On Loafers Womens Size US 10MSanita Women's Professional Kelly Clogs Red Patent Leather Size /US 6.5-NEW , Earthies by Earth Braga Loafer - Women's Size 9.5B - Black NEW! , Dansko Women’s Brown Suede Stretch Slip On Shoes Size 6 $169 , NEW J. CREW DARBY CAP TOE LEATHER LOAFERS NATURAL BLACK Sz 6.5 Retail $185 ITALY , FRYE SHOES MINDY MONK STRAP LOAFER FLATS DOUBLE BUCKLE SNEAKER 8 WHISKEY 71167 , Frye Terri Perf Oxford - Women's Size 6M, Mint , SAS Women's Size 11 M "Twin" Style - BLACK - Leather Slip-On Loafer - NEW w/ BOX� Dr. Martens Doc England Rare Vintage Black Steel Toe Brogue US 5 �BIRKI'S BY BIRKENSTOCK DISNEY DORIAN MICKEY & MINNIE U.S. WOMENS 4N (4300)Cole Haan Womens Brown Leather 2 Zerogrand Laser Wing Dark Rust Size 5 B W08222 , NWOB Band Of Outsiders STACKED HEEL SADDLE MULE black & white sz 38/38.5 $ 595PRADA shoes Loafers Brown Suede Womens Slip On Gold Hardware 5.5 US /35.5 ITTory Burch 32457 T-Strap Flats 034, Black, 5.5 USVINCE Nina Ballet Flats 956, Black/Natural, 6 US / 36 EU , Arche ‘Drick' Flat Size 9US/40EU Sand Unbuckle Leather , Ecco Venture Gore‑TEX Tie Sneaker Womens Size 38(US 7-7.5) Dark ShadowNWT TORY BURCH 'AZALEA' METALLIC PLUM LEATHER CRYSTAL BALLET FLAT SIZE:5.5 , Stuart Weitzman Nugal White Nappa Size 8 Espadrille Slip On Sneaker FlatsEverlane Modern Loafer Sand Leather Women's US 7 Fits Like 6Stuart Weitzman Beige Suede Slidealong Tasseled Mules Womens Size US 7M , Frances Valentine Katyp Mary Janes - Women's Size 7.5, Black/Gold (REPAIR) , Tory Burch Reva Snake Print Ballerina Flat - Size 5M ,
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 unionbay tan fabric ankle boots size 7 , NWB Womens Size 11M Nickels "Kirby" Black Ankle Booties/HeelsSam Edelman Size 7 Boots Black Suede Heel Ankle Booties Zip Womens Shoes $150 , ORTHOFEET Orthotic Shenandoah BLACK Hook & Loop STRAP Ankle BOOTS Size 8.5 XWFranco Sarto Womens Cecily Ox Brown Leather Calf Zip Up Boots Size 8.5 NIBChelsea Crew Babel - Taupe Side Zip Western Style Bootie , Lucky Brand Womens Yoniana Wedge Booties - Chipmunk Suede Size US 13 | , new SPERRY Top-Sider 'Pelican' gray quilted fleece-lined SNOW RAIN BOOTS 8Shades of Brown Leather Side Zip NAOT Low Wedge Ankle Boots US 8 , ARIAT FATBABY OSTICH PRINT WOMENS COWBOY BOOTS SIZE 6B (NEW IN BOX)Easy Spirit Senevalie3" Tall Boots Black Size 9.0 YxS8 , Liz Claiborne Dallas Women's Coffee Bean Brown Riding Boots Size 10 NEW! , Bare Traps Paramount Black Tall Shaft Riding Boot 8.5 Sale , NEW Cobb Hill Womens 12M 44 Paulette Loafer Shoes Brown Leather Pleats Slip On , 54650 auth BOTTEGA VENETA off-white leather FLORAL Ballet Flats Shoes 37.5FitFlop Women's Superskate Fringe Loafer - Choose SZ/ColorPW Minor Airloft Wish - Women's - Navy/Enamel Blue - All Colors - All SizesNIB Tory Burch Delphine Ballet Royal Suede Flat Shoes Black Size 8 , Skechers Go Walk 4 Womens Soft Mesh Slip On Comfort Loafer Size 8 US / 38 EUCrocs Women's Kadee Animal Print W Flat - Choose SZ/ColorBirkenstock AMSTERDAM Light Gray US 6 7 8 9 10 VEGAN Felt , Women's Beige & Blue Michael Jordan Tennis Shoes -- Size 8 1/2Converse Ctas Lift Ripple Hi Textile High-top Sneakers Womens Trainers , Keds Women's Triple Kick Metallic Linen Sneaker, Rose Gold, 9 M USNike Air Vapor Ace 724868101 Mens. Size 7.5 , Women's Ditto Black Suede Croco FS/NY FlatsWomen's Bogs Waterproof Rubber Boots Boots , Women's Bottines en nubuck Boots , BOC Born Black Loafers 10 Womens Leather Clogs Comfort Shoes Slipons , Propet Women's Ghillie Walker Slingback Sandal Coral Full Grain Leather
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
EVERLANE ITALIAN THE MODERN LOAFER $270 US $270 BLACK ITALIAN LEATHER FLATS US 7 EUC! eb8983e Flats
883065
3217698
3621138
3822183
3823383
4916990
9722016
10740180
11987115
Powered by WordPress.com VIP.