The Buzz
All markets and investing news all the time

Women's Summer Spring Flats Retro Flats Leather Flowers Slip Flowers On Slip Loafers Moccasins New a4e0797




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
Occasion: Casual Style: Loafers
Pattern: Floral Width: Medium (B, M)
Fastening: Slip On Material: Leather
Toe Type: Round Toe Heel Height: Flat (0 to 1/2 in.)
Country/Region of Manufacture: China

Women's Summer Spring Flats Retro Flats Leather Flowers Slip Flowers On Slip Loafers Moccasins New a4e0797 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Women's Summer Spring Flats Retro Flats Leather Flowers Slip Flowers On Slip Loafers Moccasins New a4e0797
Women's Summer Spring Flats Retro Flats Leather Flowers Slip Flowers On Slip Loafers Moccasins New a4e0797 - 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 Summer Spring Flats Retro Flats Leather Flowers Slip Flowers On Slip Loafers Moccasins New a4e0797

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Women's Summer Spring Flats Retro Flats Leather Flowers Slip Flowers On Slip Loafers Moccasins New a4e0797 - hollisbaker.com
About This Author
Women's Summer Spring Flats Retro Flats Leather Flowers Slip Flowers On Slip Loafers Moccasins New a4e0797 - 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
 
Sweet Womens Girls Retro Bowknot Leather Ballet Flats Slip On Loafers Shoes HotWomen's Creeper Slip on Flower Bead Blingbling Canvas Flat Heel Shoes WedgeButtons Dark Wine Anne Klein FlatWomens Real Leather Pointy Toe Carved Brogues Low Heels High Top Ankle Boots Sz@British Womens Loafers Low Block Heels Slip On Formal Moccasins Shoes Oxfords , Audra Magenta Leather Me Too Leather Ballerina FlatsLeisure Womens Slip On Loafers Creepers Med Wedge Heels Sneaker Platform Shoesnew women round toe slip on hidden heel rivet loafers oxford creeper sport shoes , New Women Flats Shallow Mouth Slip on Round Toe Fashion Buckle strap Rivet Shoes , Women's Patent Leather Pointy Toe Tassels Buckle Decor Punk Rock Cuban ShoesCandy Sweet Womens Slip On Mary Jane Flats Faux Furry Lined Crystal Luxury Shoes , Women's Lady Leisure Oxfords Shoes Block Low Heels Office Court Loafers Sliders , Sperry Top-Sider Women's A/O 2-Eye Weathered and Worn Boat Shoe (STS93532) SZ:5M , Fringe Winter Warm Womens Flats Slip On Fake Fur Lined Loafers Shoes Comfort NewUpcurve Natural Platinum Fabric Anne Klein Flat , Womens Square toe Flats Slip on Loafers Leather Oxfords Fashion Street Shoes SZ , Me Too Women's Yanissa Rosewood Leather Flat , Miss KG Neeve 10 Buckle Strap Point Flat Shoes , Collegiate Womens Tassels Creepers Slingbacks Platform Med Heels Sandals Flats , Womens Genuine Leather Slip on Loafers Flats Driving Moccasin Gomminos OxfordsWomens Flats Tassel Mules Slip On Ankle Boots Shoes Cow Leather Oxfords Loafers , New Womens Faux Leather Mule Loafers Round Toe Slip On Casual Flat Slipper Shoes , Audra Olive Leather Me Too Leather Ballerina Flats , New Womens Round Toe Slip on Buckle strap Low Heels Shallow Mouth Slippers Shoes , New Summer Hollow Out Womens Slip On Pointy Toe Leather Sandal Woven Dress Shoes , Clarks Women's CloudSteppers Sillian Firn Flat, Blue Synthetic, SZ 5.5 M US , Fashion Womens Slip On Shoes Hot Comfort Flats Pointy Toe Fur Bling Loafers New , Dr. Martens Lorrie III Oxford Women Black Size 5 New $115Sperry Top-Sider Women's Rosefish Grey/Oat Boat Shoe Women (STS97408) SZ 5M ,
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 CHARLES DAVID WOMENS BOOTS BLACK LEATHER BOOTIES "DARMA" ZIP UP LOW HEEL SZ 10Predictions women brown fabric upper mid-calf high heel boots size 9.5 , Steve Madden Wmn sz 8.5 P Source Riding Boots Black Leather Fold Over Knit Cuff , Tecnica Womens Cowhide Leather Fur Boots Size Euro 35 US 5 Cute! Clean!NWT Women's Simply Vera Vera Wang Fortune High Heel Sandals Shoes Black , Chinese Laundry Women's Ultra Wedge Boot Grey Suedette Size 8.0 XaHL , Franco Sarto light Brown Leather and Suede Ankle Boots Size 9Jessica Simpson Women's Delaine Black Leather Boot (11)Diba Black Leather Ankle Boots 2" High Heels Womens 9.5 Zip Square Toe , Over Knee Sparkling Rhinestone Stud Stiletto Heel Hidden Platform Boot , WOMENS FRANCO SARTO Boots Brindley Tall Black Leather Knee High Zip Up Boots 6.5 , Teva Jade Cove Black Leather Lined Boots Women's Size 7 , Bar III Womens Penny Fabric Closed Toe Ankle Fashion Nimbus Grey Size 6.0 RR5s , Vionic Suede Ankle Boots - Anne Black 5 wide , COMMON PROJECTS Suede Ankle Boots Size:9 $525GUESS Galle Boots, Women's Size 8 M, Light GreyStuart Weitzman NEW Light Grey/Black Loafer Sz 9.5 MTory Burch Womens All Leather Black Ballet Flats With Red Bow Shoes Size 6.5MTwisted X Women's Breast Cancer Bomber Driving Moccasins WDM0051Taryn Rose Edith Calf Leather Loafers, Women's Size 10M, BlackVia Spiga Galea 5 Slip On Sneaker - Women's Size 5M, BlackValentino Garavani Silver Leather Soul Rockstud Loafer Mule Size 39.5 NIB $845ROGER VIVIER Chips Suede Ballerinas Us 8.5 Eu 39.5 , Dansko Womens Edith Mary Jane Flat /-- Pick SZ/Color.Chaco Women's Outcross Evo 2 Hiking Shoe - Choose SZ/ColorNike Women's Hypervenom Phade III FG Cool Grey/Purple Cleats Size 8.5 , Women's Reebok Women's Princess Walking Shoe Athletic Shoes , Abound Women's Jordan Black Bootie US 7 NOB , Naot Women's Mangere Slingback Stone Nubuck/Khaki Beige Leather , Seven Dials Women's Bennett Platform Oxford Silver/Metallic Smooth PU Oxfords ,
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Women's Summer Spring Flats Retro Flats Leather Flowers Slip Flowers On Slip Loafers Moccasins New a4e0797 Flats
2021030
3123613
4012842
5624943
7665141
8133951
11231110
15130793
15527460
Powered by WordPress.com VIP.