The Buzz
All markets and investing news all the time

Women's Low Low Heels Loafers Shoes Bowknot Pointed Women's Mules Toe Furry Slip On Casual Mules 617f430




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

Women's Low Low Heels Loafers Shoes Bowknot Pointed Women's Mules Toe Furry Slip On Casual Mules 617f430 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Women's Low Low Heels Loafers Shoes Bowknot Pointed Women's Mules Toe Furry Slip On Casual Mules 617f430
Women's Low Low Heels Loafers Shoes Bowknot Pointed Women's Mules Toe Furry Slip On Casual Mules 617f430 - 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%.

Women's Low Low Heels Loafers Shoes Bowknot Pointed Women's Mules Toe Furry Slip On Casual Mules 617f430

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Women's Low Low Heels Loafers Shoes Bowknot Pointed Women's Mules Toe Furry Slip On Casual Mules 617f430 - hollisbaker.com
About This Author
Women's Low Low Heels Loafers Shoes Bowknot Pointed Women's Mules Toe Furry Slip On Casual Mules 617f430 - 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
 
Fulinken Sz 5-10 Comfort Leather Ballet Flats Casual Dress Slip On Womens Shoes , Here / Now Michelle Feather Slip-On Sneaker, Gold Glitter, Womens Size 6 , Real Leather British Oxfords Loafers Bowknot Flats Womens Casual Pumps Shoes NewWomens Pointy Toe Pearls Slip on Classic Pumps Loafers Casual Shoes Elegant New , Womens Bees Embroidery Slip On Loafers Oxfords Cow Leather Shoes Flats Casual OLWomen Punk Round Toe Rivet Real Leather Slip On Loafer Casual Flats Studs Shoes , New Womens Suede Pointy Toe Embroideryed Casual Mules Slip on Shoes Loafers ChicTop Women Floral Printed Round Toe High Platform Slip On Creeper Shoe Casual sy#Women Leather Floral Rivet Flat Heel Round Toe Slip On Casual Shoes Sz N615 , Women Fashion Vintage Embroidery Slip On Pointy Toe Casual Mules Loafers ShoesWomen Casual Flats Heel Round Toe Rivet Slip On Sneakers Creeper SHoes Fur WarmWomen Shoes Pointy Toe Pull on Block Heels Retro Style Flat Shoes Casuals ShoesTod's 'Gommini' Driving Moccasin, Brown Leather, Womens Size 6 / 36Chic Leather Women's Summer Hollow Out Open Toe Zip Decor Slingbacks Rock ShoesNew Arrival Rhinestones Pearl Decor Women Spring Casual Patent Leather Shoes Hot , Pearl Strass Metal Decor Occident Women Lady Loafers Casual Suede Shoes Fashion , Womens Real Leather Flats Slip on Loafers Fashion Slippers Shoes Chic Mules Size , Women Patent Leather Loafers Preppy Classic British Retro Comfort Casual ShoesWomens Fashion Pointy Toe Rivet Punk Goth Flat Casual Slip On Dress Shoes Loafer , Womens Real Leather Shoes Slip On Loafers Casual Mules Embroidery New YWomens Round Toe Real Leather Backless Mules Shoes Casual Loafers SlideWomen Rabbit Fur Pearl Loafer Gommino Moccasin Warm Soft Slip on Flat Lazy ShoesEuro Womens Flats Pointy Toe Fur Trim Linning Shoes US 4.5-8 Black Walking SzWomens Real Leather Mules Shoes Comfort Flat Heel Ankle Boots Loafers Mary JanesNew Women's Vintage Flats Ethnic Fashion High Heel Round Toe Ankle Boots ShoesWomen Suede Leather Bowknot Slip On Loafer Gommino Sweet Casual Flat Cute Shoes , New Womens Punk Rivet Oxfords Genuine Leather Shoes Round Toe Retro Cuban HeelWomens Genuine Leather Loafers Horsebit Slip On Backless Mules Flats Shoes New , Fulinken 4 Color Sz 5-10 Genuine Leather Flats Buckle Loafers Dress Womens Shoes ,
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 NEW Qupid Women's Grey Open Toe Leg Warmer High Heels (Choose Size)VINTAGE Henry Ferrera Wedge Boots Womens Size 7Botticelli Women's Brown Leather Knee High Boots Size 38.5/7.5-8Women's Doblel botas Black Leather Boots Made In Mexico Size 24.5 U.S 7.5 , HILLARD HANSON Vintage Granny Grunge Boots Size 9 M Women's , Rodeo Drive Black Leather Fringe Western Cowboy Slouch Boots Women's Size 7M 7 , Propet 2069 Size 7 Ava Leather Brown Bootie Boot Adjustable Ankle StrapDevious by Pleaser Women's Domina 2000 Knee High Boot, Black, 6 M US , Enzo Angiolini Knee High Riding Boot Women size 9 , SHELLYS LONDON Annie Gold Glitter Embellished Chunky Heel Platform Sandal PumpKhombu Womens Bella Closed Toe Mid-Calf Cold Weather Boots , Giani Bernini Womens Abalina Almond Toe Ankle Fashion Boots, Chestnut, Size 6.0 , PATRIZIA PANACALDI STILETTO WOMEN BOOTS SIZE9.5 ( 41EUR) , Bottes WE DO Santiags Cuir Marron Doublé Cuir T 38 TBE , Nine West Womens Crevette Suede Ballet Flat- Pick SZ/Color. , Joie Black Suede Fringe Cutout Wedge Booties Ankle Boots Shoes Size US 9 , TEVA DE LA VINA MOSAIC GREY LOW WATERPROOF LEATHER SHORT BOOTS SIZE 5.5 WOMENS , American Rag Womens Lorah Closed Toe Knee High Fashion, Chocolate, Size 9.5 ywDlValentino Caged Rockstud Flat Red Size 36 $975 , NEW COLE HAAN WOMENS WOMEN'S 2.ZERØGRAND OXFORD WITH STITCHLITE™ - BLACK K...Judith Leiber (Italy) Black Suede Patent Rhinestones Evening Flats - 7.5 B EUCNine West Women's Unstressd Synthetic Loafer Flat - Choose SZ/ColorStuart Weitzman Black Wedge Loafers Womens Size 10MNine West Women's Xandi Fabric Ballet Flat , Classic shoes comfortable loafers Merynel woman elegant heels brown 37 38 , Adidas Cloudfoam Pure [DB0695] Women Casual Shoes White/BlackVans Hawaii HOFFMAN Authentic Red Shoes Happy ALOHA Surf Rider , Bernie Mev Womens 'Charm 2' Heather Grey Slip On Shoes Sz 38 - 232700 , Nike Women's Air Max 90 Ez Running ShoeNike WMNS Air Sequent 3 [908993-016] Women Running Shoes Grey/Crimson Pulse
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Women's Low Low Heels Loafers Shoes Bowknot Pointed Women's Mules Toe Furry Slip On Casual Mules 617f430 Flats
1026298
8383299
9898013
11367296
14082473
14160481
16485021
17410232
18224113
Powered by WordPress.com VIP.