The Buzz
All markets and investing news all the time

Vince Women's Open Toe 1885 Flat Sandals Mink 1885 Sz Mink Sz 7.5M US 38 EUR 139e2f9

Item specifics

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: Vince
US Shoe Size (Women's): 7.5M Style: Sandals
Width: Medium (B, M) Color: Mink
UPC: Does not apply

Vince Women's Open Toe 1885 Flat Sandals Mink 1885 Sz Mink Sz 7.5M US 38 EUR 139e2f9 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Vince Women's Open Toe 1885 Flat Sandals Mink 1885 Sz Mink Sz 7.5M US 38 EUR 139e2f9
Vince Women's Open Toe 1885 Flat Sandals Mink 1885 Sz Mink Sz 7.5M US 38 EUR 139e2f9 -

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%.

Vince Women's Open Toe 1885 Flat Sandals Mink 1885 Sz Mink Sz 7.5M US 38 EUR 139e2f9

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Vince Women's Open Toe 1885 Flat Sandals Mink 1885 Sz Mink Sz 7.5M US 38 EUR 139e2f9 -
About This Author
Vince Women's Open Toe 1885 Flat Sandals Mink 1885 Sz Mink Sz 7.5M US 38 EUR 139e2f9 -
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
Womens DELMAN burgundy patent leather smokey loafers sz. 8.5 NEW!$490 PRADA MADRAS SHOES MULTY COLOR WOVEN LEATHER STRIPED BALLERINA FLATS. 39.5WOMEN'S WAKE FOREST FAN GEAR BLACK SUEDE LOAFERS SHOES JP CRICKETS SZ 8 , Dansko Women's Audrey Black Leather US 10Sperry Top Sider Women's Rubber Boots Saltwater Shiny Quilted Grape STS80754Aquatalia Emerson Black Womens Shoes Size 6.5 M Flats MSRP $395MARC JACOBS - KARLIE BORDEAUX BUTTON POINTY FLAT SZ 8, RETAIL $295NIB Ecco Women's Babett Leather Sneaker 21026358453 Brown Size 42 (US 11-11.5) , Alexander Wang New Eden Gray Womens Shoes Size 11 M Fashion Sneakers MSRP $350Loeffler Randall- Rowan Sneaker, Women's Size 36 (US 6), Natural/Rainbow , Gentle Souls Womens Irene LE Cutout Detailed Mary Jane ShoeSchutz Women's Stacey Low Heel Dress Shoes Glitter Diva Studded Blue Sz 7 MWomens Italian Leather Shoes Loafers Animal Print Size 8.5 , ARA WOMEN'S NOREEN WALKING COMFORT LIGHTWEIGHT SHOE STYLE , Pikolinos Royal W5M-8614 Brandy Womens Leather Zip-up Strap Detail Ankle BootsNEW MADEWELL/J. CREW CALEB PATENT LEATHER OXFORDS FOG GRAY Sz 7 BRAZIL Rtl $238 , AGL Womens Ballet Flats 37.5 7.5 Black Leather Textured Captoe Strap Italy , One-of-A-kind Leather Slides | Womens | Avant Garde | Size 9ECCO Women's Shape Pointy Ballerina Flat Retro Blue Size 36 but Fits like 37NEW DANSKO WOMEN'S PROFESSIONAL SLIP-ON CLOG STREAMERS PATENT 41 11 MEDIUM $150 , NIB Vince Bray Velvet Flat Loafer Smoking Slipper Pewter Size 6, 9 $275 , Andrew Charles 7647 CERVINO MARIBU Loafers Women's Light Blue USDerek Lam 10 Crosby Gordon Oxford Shoes 7, 7.5 , ROBERT ZUR Womens 'Petra' Rose Gold Metallic Leather Driving Shoes Sz 5 M , Aquatalia Emerson Black Womens Shoes Size 8.5 M Clogs & Slippers MSRP $395Womens Tory Burch Aria Eggplant Purple Patent Leather Flats Shoes Size 8Missoni Italian Scrunch Glitter Chevron Fabric & Leather Ballet Flats Fits Sz 9Women's Shoes Donald J Pliner VIKY Slip On Driving Moccasins Silver Snake Size 6 , Tory Burch Women's Blue Canvas Cecily Embellished Flat Espadrilles 8 MSRP $180 ,
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 Ladies Spot On Mid Heel Quilted Biker Boots F50705Aerosoles women’s wonderling knee high boots- Black/ Size- 8 1/2 , New Women Chunky Block heel shoes Round toe Knitted fabric Elastic Fashion BootsXOXO Womens Amberly Ankle Bootie- Pick SZ/Color.Worthington Autumn Winter fashion leather zip dress boots brown point toe 7H by Halston Black Leather Pointed Toe Rachel Wedge Boot NEWMERRELL Nova GTX Gore-Tex Hiking Boots Waterproof Womens 7.5 Brown Green , Flamingo 891 Black Vegan Suede 8" High Heel Platform Shoe With Ankle Cuff 5-12 , Topshop Halston Buckle Boots Sz 9.5 Black Leather Sexy , Halston Gored Tall Shaft Boots Rounded Toe Naomi Bordeaux Lthr 6M NEW A269760Women's Minnetonka Moccasin Knee High Fringe Boots Brown Suede SZ 9 , Bogs Women's HC Plum Waterproof Insulate Snow Winter Gum Boots 52246 , Skechers Performance Women's On The Go 400 Cozies Winter Boot, BurgundyEllie Haven 6 Inch Heel Sandal BlackSesto Meucci Women's Diva Beige Nabuk/Mtch Elastic 9 N USLADIES SHOES/FOOTWEAR - Cabello sandal 679 platinumLoafer Nine West Baus Dark Gold/Black Metallic , MULBERRY Black Patent Leather / Rose Gold Oxford Flats With Satin Bows SIZE 36 , Geox Women's W Rhosyn 20 Ballet Flat, Rose Gold, 36.5 EU/6.5 M USNEW COLE HAAN WOMENS WOMEN'S ZERØGRAND WATERPROOF WINGTIP OXFORD - BLACK WAT... , Propét Womens Stability X Strap Low Top Velcro Fashion Light Grey Size 6.5 fQ , New Womens Sneakers Platform Mesh Mid Heels Creeper Leisure Tennis Causal ShoesWomens ECCO Exceed Low Cut Poseidon Blue 870003 Size 7-7.5 US 38 EUNike Womens Flyknit TR3 Black Sneakers Shoes Size 9 Mint!Easy Street Womens Barbara Low Top Slip On, Navy Leather/Fabric, Size 11.0 Wum7Women's Propet Women's Eden White Sneakers Comfort Shoes , Women's Lanvin Leather Flats Flats , Steve Madden Women's Judii Bootie Black US 9 NOB , Knee High Boots Women Bowknot Strapy Shoes Mix Colors Chunky Heel Back Zipper N1Dr. Scholl's Women's Kimberly Slip Resistant Work Shoe - Choose SZ/Color ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Vince Women's Open Toe 1885 Flat Sandals Mink 1885 Sz Mink Sz 7.5M US 38 EUR 139e2f9 Flats
Powered by VIP.