The Buzz
All markets and investing news all the time

Stephane Kélian Beige Beige 27798 Leather localjoes-27798 Sandals Size 8.5 7c91bb6

Item specifics

Pre-owned: An item that has been used or worn previously. See the seller’s listing for full details and ... Read moreabout the condition
Style: Sandals
Heel Height: High (3 in. and Up) Brand: Stephane Kélian
Color: Beige US Shoe Size (Women's): 8.5
Material: Leather Width: Medium (B, M)
Country/Region of Manufacture: France UPC: Does not apply

Stephane Kélian Beige Beige 27798 Leather localjoes-27798 Sandals Size 8.5 7c91bb6 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Stephane Kélian Beige Beige 27798 Leather localjoes-27798 Sandals Size 8.5 7c91bb6
Stephane Kélian Beige Beige 27798 Leather localjoes-27798 Sandals Size 8.5 7c91bb6 -

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%.

Stephane Kélian Beige Beige 27798 Leather localjoes-27798 Sandals Size 8.5 7c91bb6

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Stephane Kélian Beige Beige 27798 Leather localjoes-27798 Sandals Size 8.5 7c91bb6 -
About This Author
Stephane Kélian Beige Beige 27798 Leather localjoes-27798 Sandals Size 8.5 7c91bb6 -
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
DZ987 MBT shoes light blue leather women ballet flats 9 (/3) , Mephisto 100% Leather Upper (Women's) S 9 B Brown Flat Slip On Walking Shoes , Camper Right Nina 21735 Wheat Womens Sandals Size 37MTory Burch Navy Blue Quilted Denim Quinn Ballet FlatsJ.CREW BRAND NEW (NIB) CECE TORTOISE LEATHER BALLET FLATS Size:6Made in Italia Shoes Woman Shoes Short Comfort trendy Brown 73826 Outlet BDXMunro Women's Taupe Metallic Leather Kimi Loafers 1815 Sz 7.5 N , Ara 'Lael' Women's Black Suede Limon Slip On Comfort Shoes Size 8.5 M , WOMEN JADIOR IT BALLET PUMP FLAT SHOSE IN BLACK CANVAS & ANKLE STRAP , Bogs Ladies' Classic Triangles Tall Insulated BootsTory Burch York Embossed Snake Print Ballet Shoes Size 6M , Cole Haan Sadie Deconstructed Leather Penny Loafer Orchid Women Sz 9.5 B 6591Munro American Cruise Fabric Loafer Blue Women Sz 11 W 9376Rocky 4EurSole Golden Day Ladies' SlideDansko Professional Grey Tooled Patent Leather - US 11 - was $135 , Womens Bally Wine Reddish Leather/Suede Oxfords Size 3E -US 5 1/2 - SwitzerlandVionic Haircalf Loafers - Ashby Leopard 7M , ELIE TAHARI LUCILLE BALLET FLATS KID SUEDE BLACK SIZE 40 NEVER WORN RHINESTONEPRADA Shoes 789887 White 35 1/2 , SPRING STEP FIREFLY-CA - FIREFLY Size: 36 Euro (Women US 5.5-6) - Color: Camel_M7 AGL Attilio Giusti Leombruni Link Metallic Silver Ballet Flat Shoes 37-1/2 , Agl Attilio Giusti Leombruni Ballet Flat Ballerina Shoe 35.5 Cap Toe 5.5 WhiteTory Burch Reva Ballet Leather Flat Black Women Sz 6 M 2814Dansko XP 2.0 Pro Brown Pullup Leather - size US 6 - was $140 , Rieker Antistress 43711 Beige Smooth Leather Mary Janes Heels Shoes 41New , women's shoes MBT 5 / 5,5 () loafers green patent leather dynamic BZ906-B , Jeffrey Campbell Klamath White Gladiator Sandal Women's 9.5 M US , Munro American Cruise Fabric Loafer Blue Women Sz 8.5 W 1186 , Dansko XP 2.0 Pro Brown Floral Tooled Leather - size US 11 - was $150
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 BAMBOO Two Tone Chain Faux Leather Side Zip Open Womens Over the Knee Boots , Miz Mooz Golden Yellow Leather Medium Heel 11MBCBG BCBGeneration Women BG-Mocha Knee High Wedge Boot Shoes, Coconut, US 8 , Bare Traps Womens Oudrey Closed Toe Knee High Fashion Boots, Black, Size 7.5 QeD$225 SAM EDELMAN KEEGAN FRINGE BELTED STRAPS PINK SUEDE PLATFORM BOOTS Women's 6 , Sundance Cowboy Boots, Western Style Boots , EUC Salomon Women US 7.5 Winter Boots Thinsulate Faux Fur Contagrip Sole Gray A7 , Cole Haan Women's Landsman Bootie Black Various Sizes , Marc Fisher Women's Trist2 Ankle Boots Black Leather Size 7.5 MSteve Madden Womens Tallie Leather Closed Toe Ankle, Black Suede, Size 7.0 , Sigerson Morrison Azzia Leather Sandal, 7.5 , Bettye Muller Rabat Gray Womens Shoes Size 5 M Flats MSRP $225LADIES CLARKS BLACK LEATHER UNSTRUCTURED SLIP ON FLAT PUMPS SHOES UN HEARTHMunro Almond 10M 'Wellesley' Oxford Sneaker , BADGLEY MISCHKA WENDY Embellished Ballet Flats Shoes in Ivory Sz:8 R$185 NIB100% Authentic Jimmy Choo Leather Studded Long Boots Grege Unused Z527 , ROLAND MOURET(Signed) TWO TONE BALLET/WEDGE FLATS IN SIZE 39 EuropeECCO FTwear Womens Touch Sneaker - Choose SZ/Color , BIRKENSTOCK TATAMI GRAY LEATHER SLIDES MULES CLOGS SLIP ON WOMEN'S SHOES, SZ 12 , Versace 19.69 7618 SOFTY PARME Loafers Women's Lilac US , Merrell Siren Sport Gore Tex Womens Size 7 Grey Taupe Vibram Hiking Shoes , A Womens Sequins Tassels Kitten Heels Beads Mary Janes Pumps Shoes Ankle Strap , Embroidery Floral Womens Leather Pointy Toe High Heels Party Ankle Boots SHOESNew Balance WW577 Walking Shoe - Women's Size 8B, BlackNike Air Max Gray Walking/Running Shoes Athletic Sneakers Size Youth 5 Women 6.5 , Women's ASICS Womens Weldon X Athletic Shoes , Women's bcbgeneration Boots Leather 10M BG-Falana Boots , Soda Women's Cheryl Slouchy Faux Leather Knee HIgh Flats Boots, Charcoal, 6 M US , Modern Rush Nataly Side Zip Fashion Riding Boots , ABOUND Womens 'Sasha' Brown Sheepskin Short Winter Boots Sz 11 NEW! 229598
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Stephane Kélian Beige Beige 27798 Leather localjoes-27798 Sandals Size 8.5 7c91bb6 Flats
Powered by VIP.