The Buzz
All markets and investing news all the time

Women's Munro localjoes-16853 Munro 8.5 Slip Black Slip On Flats 19d811d

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: Light wear. Wrinkles in upper over foot.
US Shoe Size (Women's): 8.5 Style: Loafers & Moccasins
Color: Black Width: Medium (B, M)
Material: Leather Heel Height: Low (3/4 in. to 1 1/2 in.)
Brand: Munro Country/Region of Manufacture: United States
UPC: Does not apply

Women's Munro localjoes-16853 Munro 8.5 Slip Black Slip On Flats 19d811d -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Women's Munro localjoes-16853 Munro 8.5 Slip Black Slip On Flats 19d811d
Women's Munro localjoes-16853 Munro 8.5 Slip Black Slip On Flats 19d811d -

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 Munro localjoes-16853 Munro 8.5 Slip Black Slip On Flats 19d811d

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Women's Munro localjoes-16853 Munro 8.5 Slip Black Slip On Flats 19d811d -
About This Author
Women's Munro localjoes-16853 Munro 8.5 Slip Black Slip On Flats 19d811d -
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
Women's Eastland Women's Alexis Flats , Women's Stiu loafers size 38 NWOT FlatsWomen's Adrianna Papell Taylor Loafers Flats , Women's Banana Republic Snake Flats 8.5 FlatsWomen's CLARKS Women's Candra Blush Flat FlatsWomen's Donald Pliner Elen Loafer, 6 FlatsWomen's Rockport Women's Shoes. Size 7. FlatsWomen's Calvin Kiein Shoes Flats , Women's Nanette Nanette Lepore Alexandra Mule FlatsWomen's Christian Louboutin Nude Flats Flats , Women's lanvin ballet flats Silk Flats , Women's Lucky Women's Brettany Ballet Flat Flats , Women's NEW MOMA WOMENS LOAFERS Flats , Women's ASOS Burgundy Leather Loafers Flats , Women's NEW RAS WOMENS ESPADRILLES FlatsWomen's BARLETTA Barletta Severo - Zebra Flats , Women's Dyeables Women's Kristin FlatsWomen's MUSTANG Sandale 1187207 Gris argent FlatsWomen's NEW RAS WOMENS LOAFERS Flats , Women's NEW SAX WOMENS LOAFERS FlatsWomen's Paseart Espadrills Size 8 Flats , Women's NEW MANEBÍ WOMENS ESPADRILLES FlatsWomen's Nina Women's Vinnie Flats , Women's Donald Pliner Deedee Leather Flat FlatsWomen's Melissa Women's Be Sneakers Flats , Women's NEW CANTARELLI WOMENS LOAFERS FlatsWomen's Donald Pliner Elen Loafer, 7.5 Flats , Women's NEW NATURALIZER WOMENS GADGET Flats , Women's naturalizer Lancing Slip-On Loafers, Sienna Flats ,
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 ANKLE BOOT STYLE NUMBER "F5695" FUR COLLAR ROUND ANKLE , Womens Pointy Toe Suede Ankle Boots High Heel Stilettos Ankle Boots Hollow ShoesTayrn Rose Black Leather Wedge Ankle Boot 6.5 Rabbit Fur Trim , Rebel by Zigi Olaa Over The Knee Stretch Back Boots 632, Black, 7 US , NEW! Sperry 9289406 Women Huntley Brown Boot 5M Z38 as , REFRESH LADIES CAMEL BROWN KNEE HIGH BOOTS SIDE ZIP SIZE 10 ADJUSTABLE BUCKLES AWhite Mountain Womens Lida Almond Toe Mid-Calf Dark Brown/Burn/Smooth Size 9.5vintage womens brown ambar CIRCLE S sphere cowboy western boots studded 6.5 MTWO LIPS $179 JADE THREE BUCKLE LEATHER BOOTS Brown 8 , B. Makowsky SIZE 6.5 Brown Hudson Removeable Ankle Bracelet , BCBGeneration Womens Dolan Faux Suede Heel Ankle Boots Shoes BHFO 2030 , Dan Post Women’s El Paso Beige Brown Pointed Toe Cowboy Western Boots Size 9MSam Edelman Lucca Black Suede Ankle Boots Women's Size 7.5 M*Doc Dr Martens Brown Leather Women's Hiking Ankle Boots Size US 6 Made England , KOREAN K-POP TV Program Mnet PRODUCE48 AISLEAD BLACK Sneakers for Women , Clarks Unstructured Suede Boots Un.Ashburn Black Size 5.5 5 1/2 M QVC $180 , Noble Outfitters Muds Womens Boots Stay Cool 6" Purple Blackberry WaterproofPistachio Caiman Tail Boots For Women Real Exotic Skin Los Altos Boots Handamde , Cole Haan Women's Arlyss Skimmer Ii Ballet Flat, - Choose SZ/Color , Nine West Women's Onoraah Fabric Walking Shoe - Choose SZ/ColorFITFLOP UberknitWomen Neon Blush / White 914600 , Dansko Women's Liliana Loafer Flat - Choose SZ/Color , Sam Edelman Rivers Women's Black Pointed Toe Flats Sz 8.5 1073Nike Free 5.0 V4 Running Women's Shoes Size 7.5Nike 599911-464 Air Max 90 Women's Camo Armory Tape Blue White Run Shoes Sz 7VANS AUTHENTIC SLIM GEOMETRIC DAZZLING BLUE WHITE MENS 9.5 WOMENS 11 SHOES NIB , NIKE DUAL FUSION X WOMEN'S SHOES SIZE 11 SNEAKERS BLACK 709501 001 , Chooka Women's Rain Boots, Plum, Size 6M, US , Winter warm womens mid calf boots fur lined chunky low heel snow boots size Sio8 , Nike Air Max 90 Dorenbecher Oregon Ducks - Wmn Sz 11 / Men’s Sz 9.5
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Women's Munro localjoes-16853 Munro 8.5 Slip Black Slip On Flats 19d811d Flats
Powered by VIP.