The Buzz
All markets and investing news all the time

Sweet Shoes Womens localjoes-24618 Pointy Toes Slip On Slippers Mules Suede Flats Chic Slippers Shoes Outdoor 7af6355




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: Suede Style: Mules
Occasion: Casual Country/Region of Manufacture: China
Width: Medium (B, M) Heel Height: Flat (0 to 1/2 in.)

Sweet Shoes Womens localjoes-24618 Pointy Toes Slip On Slippers Mules Suede Flats Chic Slippers Shoes Outdoor 7af6355 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Sweet Shoes Womens localjoes-24618 Pointy Toes Slip On Slippers Mules Suede Flats Chic Slippers Shoes Outdoor 7af6355
Sweet Shoes Womens localjoes-24618 Pointy Toes Slip On Slippers Mules Suede Flats Chic Slippers Shoes Outdoor 7af6355 - 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%.

Sweet Shoes Womens localjoes-24618 Pointy Toes Slip On Slippers Mules Suede Flats Chic Slippers Shoes Outdoor 7af6355

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Sweet Shoes Womens localjoes-24618 Pointy Toes Slip On Slippers Mules Suede Flats Chic Slippers Shoes Outdoor 7af6355 - hollisbaker.com
About This Author
Sweet Shoes Womens localjoes-24618 Pointy Toes Slip On Slippers Mules Suede Flats Chic Slippers Shoes Outdoor 7af6355 - 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
 
Stylish Women's Loafer Slip On Patent Leather Buckle Square Toe Shoes Pumps size , TIMEBRLAND EARTHKEEPERS 225625 purple taupe leather low heel sneakers sz. 6.5 WMismatch Cole Haan Women's Suede Leather Black Grant Drivers 7668 Sz 6B-R 6.5B-L , Sweet 2019 Womens British Brogue Platform Flat Slip On Leather Flower Pump ShoesThierry Rabotin Cheetah Print Sandle Size 35.5 , New Womens Sperry Bahama Rose/pink Sequins Fur Lined size - 6.5Women's Olukai Waialua Mesh Slip On Loafers - Drop in Heel - Dark Shadow , Womens Rivets Slip On College Platform Flats Creepers Leather Low Heels ShoesMicheal Kors Signature Brown Fashion Sneakers W/ Gold Plates 2227 Size 8 M NEW!Born Cordovan Brown Leather Loafers/Flats - 8.5 – GR8! , J Crew Piped Suede Loafers 10 B7952 Pale Graphite Womens Shoes Flats , Womens Leather Loafers Round Toe Cross Strappy Flat Slip on Ballet Leisure ShoesLindsay Phillips SwitchFlops RED CANVAS LIZ BALLET FLATS 06 w/ Floral Snap , NEW DANSKO WOMEN'S NEELY SLIP-ON LOAFER COBALT NAPPA LEATHER 38 MEDIUM $145Women Flats Heel Rabbit Fur Decor Close Square Toe Tassel Mules Loafer SHoes , British Womens Creepers Brogue Wingtip Platform Med Wedge Heels Oxfords ShoesEUC Attilio Giusti Leombruni Brown Leather Open Toe Buckle Flats Shoes~36.5 , SPERRY TOP SIDER WOMEN'S ANGELFISH FLAMINGO BOAT SHOES GREY MULTI SIZE 7M NEW! , Women's Bella Vita Valore 2 Monk Strap Loafers, Black, 10 US, M , New Sperry STS82455 Seaport Levy Black Women's Casual Shoes 6.5 USNew Sperry STS82119 Seaport Levy Navy Blue Women's Casual Shoes 6 US , Womens EARTH WOODBURY WIDE brown leather comfort wedge heels sz. 8 D , 49429 Skechers Relaxed Fit Reggae Fest - Big Adventure, Gray, US; 9Oxfords Womens Slip On Half Slipper Real Leather Shoes Rabbit Fur Loafer MulesLaPlume, Paolo, Bone Python, Size 39, Flat, Anti-Shock Sole , Sam Edelman Women's Augusta Ballet Flat Light Gold Leather Size 8.5 M US , New Sperry STS82279 7 Seas Sport Grey / Burgundy Women's Casual Shoes 6 USLeisure Womens Flats Leather Suede Slip On Loafers Moccasins British Shoes Hot , Sweet Women's Pointy Toe Faux Suede Pearls Beads Slip On Loafer Flats Shoes Size
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 Nine West BLACK ZIPPER BOOTS WOMENS SIZE 7 M BARNNYClarks Bendables 7.5 W Brown Leather Ankle Boots 2 " Heels , INTERNATIONAL CONCEPTS BRIANNA BLACK PATENT LEATHER SHOE BOOTS. SIZE 10Michel Jordi Womens Size US 9.5 Boots Ankle Swiss Casual Suede EUC RarePropet Women's Dayna Ankle Bootie, Navy, 7.5 M US , Womens zebra print western rubber boots, Corkys, sz;8 , L4L by Lust for Life Womens Andie Over-The-Knee Boots 6.5 Medium (B,M) BHFO 9134NAOT Womens 'Bobcat' Boots Dual Side Zip Camel Brown Leather USA 10Stuart Weitzman Women's Taupe Suede Studded Ankle Boots Shoe Size 5.5 M NEW! , AMALFI BY RANGONI BOOTS 6M TALL SUPER SLIM LEATHER AND FABRIC BLACK BOOTSCoconuts Womens Ester Pointed Toe Ankle Chelsea BootsJeffrey Campbell Nite-Mate Black Suede Stud Ankle Booties sz: US 6 - Runs Small , new SESTO MEUCCI 'Safty' brown leather X- strap sandals shoes Italy 6.5 , Apex 'Petals' Tan Therapeutic Boat Shoes - 8W European 38 EUCSHOES G H BASS PENNY LOAFERS BLACK CROC WEEJUNS LEATHER SOLE NEW , Womens Stretchy Faux Suede Fur Trim Knee High Boots Winter Warm Shoes Snow New , Tory Burch Loafers Sz 81/2 Tan Kendrick , Ferrante Women's Brown Leather Pointed Toe Shoe Size 7 B/ 799Cole Haan Black Haircalf Leather Slip-On Loafers Fashion Sneakers Womens size 10 , BOBS from Skechers 34443 Womens Plush Flash Lite Flat- Choose SZ/Color. , Crown Vintage Womens Weslyn Closed Toe Ballet Flats Black Size 6.5Report Womens Laser Cloth Covered Casual Shoes Size 7 , Rockport Jackie leather loafers w/ Adidas sz 6 NEW , ADIDAS ORIGINALS TUBULAR VIRAL S75915 WOMEN'S LIFESTYLE SNEAKERS SIZE 1O US10.5 Women's Nike Air Force 1 '07 SE PRM AH6827 Reflective Silver CASUAL WHITEU.S. Polo Assn.(Womens) TAMARA - GYJYMT Womens Tamara Fashion SneakerWomen's Nike Turbo Shox Size 9 Blue/Silver 309488Women's Ivanka Trump Women's nallis2 FlatsWomen's Vintage~Womens~Dingo~Leather~Fringe~Boots~8 M~Super Soft~Western~Cowboy~ Boots , Women's Alix 8M boots Boots ,
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Sweet Shoes Womens localjoes-24618 Pointy Toes Slip On Slippers Mules Suede Flats Chic Slippers Shoes Outdoor 7af6355 Flats
5545185
9343061
9585628
11186921
13248794
14247531
14662078
15113876
17516188
Powered by WordPress.com VIP.