The Buzz
All markets and investing news all the time

NEW Free People Bill Blass Buckle red Free Snakeskin Embossed Albany People 2 Buckle Mule Flat 7.5 4451a55

Item specifics

Condition: New without box :
A brand-new, unused, and unworn item (including handmade items) that is not in original packaging or may be missing original packaging materials (such as the original box or bag). The original tags may not be attached. For example, new shoes (with absolutely no signs of wear) that are no longer in their original box fall into this category. See all condition definitions- opens in a new window or tab
Seller Notes: super cute & comfy
Color: Red Heel Height: Low (3/4 in. to 1 1/2 in.)
Material: Snakeskin Pattern: snakeskin embossed
Brand: Free People Toe Type: Pointed Toe
Fastening: Buckle US Shoe Size (Women's): 7.5
Style: pointy toe mules UPC: Does not apply

NEW Free People Bill Blass Buckle red Free Snakeskin Embossed Albany People 2 Buckle Mule Flat 7.5 4451a55 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
NEW Free People Bill Blass Buckle red Free Snakeskin Embossed Albany People 2 Buckle Mule Flat 7.5 4451a55
NEW Free People Bill Blass Buckle red Free Snakeskin Embossed Albany People 2 Buckle Mule Flat 7.5 4451a55 -

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%.

NEW Free People Bill Blass Buckle red Free Snakeskin Embossed Albany People 2 Buckle Mule Flat 7.5 4451a55

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
NEW Free People Bill Blass Buckle red Free Snakeskin Embossed Albany People 2 Buckle Mule Flat 7.5 4451a55 -
About This Author
NEW Free People Bill Blass Buckle red Free Snakeskin Embossed Albany People 2 Buckle Mule Flat 7.5 4451a55 -
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
Anne Klein Women's Nubia Leather Loafer Flat, - Choose SZ/ColorTODS PROJET WOMENS BROWN SUEDE AND SOFT GOLD LEATHER TRIM SNEAKERS SIZE 37.5$395 NEW Tory Burch Laila 2 Metallic Leather Driver Ballet Flat Shoes Navy 7Spring Step Women's Delorse Ballet Flat Black Leather FlatsSAS Tripad Comfort Womens Red Leather Penny Loafers Sz 10 1/2 Narrow Dress Shoes , THIERRY RABOTIN ITALY Black Leather wedge SNEAKERS TIE SHOES Size 9.5/Tory Burch Minnie Travel Floral Logo Ballerina Flats Shoes Size 7.5 USara Women's Nessa Jeans Nubuk Loafer (US Women's 8.5) MKaanas Womans Trinadad Espadrille Rose Size 7 EucChloe Black Leather Round Toe Gold Heel Detail Flats 39Tory Burch Snyder Fringe Suede Moccasins!! New!! Msrp $265.00 Sz. 5stuart weitzman Low Top Sneakers 8.5 Black Fringie CoverStory Leather New , BADGLEY MISCHKA "GIGI" BURGUNDY SUEDE CRYSTAL POINTY TOE FLAT NIB SZ 5.5MNIB TORY BURCH YORK BALLET FLAT SHOE ROCCIA SNAKE PRINT GOD CAP TOE LEATHER 11 MECCO Women's Casual Hybrid Knit Golf Shoe, Pink/Beetroot/Fandango, 38 EU/7-7.5 MJambu - Serafina Clogs, Women's Size 7.5 M, Grey , Trotters Women's Aubrey Ballet Flat Dark Pewter Soft Metallic Leather FlatsRockport Women's Total Motion Catrin Wedge Pump - Choose SZ/ColorFinn Comfort LAVAL Mary Jane Pebbled Leather Shoes Sz 38D EU/ 7 7.5 US Worn once , Women's MM6 Maison Martin Marginal Blue Leather Synthetic Sandals Size EU NEW!Loeffler Randall Black Wedge Peep-Toe Flats. Size 8.5 , ECCO Soft 7 perforated Metallic Sneakers Sz US 6, 6.5 new $150Cole Haan Women's Grand Tour Oxford Black/Black 8.5 BEileen Fisher Carver Flat (Women) in Sienna 7.5 NIB , NEW w/o BOX - TORY BURCH ESPADRILLES (sz 6)Dolce Vita Women's Lesly Espadrille Sandal Black Linen EspadrillesTory Burch Max Embroidered Espadrille Slide Mules Women sz 10 Ivory FloralIsola Women's Padra Pointed Toe Flat Metallic Taupe Leather Flats$198 Tory Burch LAILA 2 DRIVER BALLET FLATS Red Poppy Leather Shoes 9.5 NEW ,
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 Womens Stilettos High Heel Synthetic Leather Pointed Toe Pumps Zip Ankle Boot , Earth Spirit Classics Brown Leather Zip Ankle Boots Size 8 Style FloraCole Haan Orange Suede & Sheepskin Lined Boots, Size Boots Size 9Justin Womens Classic Western Boot Sz 6 B Brown Tan Pull On Cowboy Everyday , Sbicca Womens Byanca Beige Fringe Ankle Boots Shoes 10 Medium (B,M) BHFO 6672Women Winter Short Boots Zipper Faux Suede Chunky High Heel Casual Booties ShoesSugar Skull Womens Boots | Day of the Dead Ladies Hand-crafted ShoesAudrey Brooke Angie Black Heeled Mid Boot size 9.5 :)VTG WOMENS DAN POST COWBOY LEATHER BROWN BOOTS SIZE 8.5 MWhite Mountain Womens Lacona Closed Toe Knee High Fashion Boots, Black, Size 8.0VINTAGE FRYE USA CAMPUS RIDING BOOTS cognac LEATHER BOOTS SIZE 6BMANFIELD Bottines Cuir Marron Très foncé Doublées Cuir T 40.5 TBEWomens Bogs Rain Boots Plimsoll Plaid Tall Waterproof Black Rubber Neoprene 7Dr. Scholl's Beckoned Buckle Ankle Boots, Whiskey , NIB Clarks Originals Wallabee Sand Suede (Beige) Women's Shoes 9M , AGL Attilio Giusti Leombruni Brown Suede Cap Toe Ballet Flats Shoes 38 8MMerrell OrthoLite Women's Black Leather Mary Jane Flats 6.5Christian Louboutin Tan Gold Twisted Leather Trim Ballet Flats Shoes 36 6MTabitha Simmons Black Patent Luna Flats , Tory Burch Gold Leather Divine Bow Driver Ballet Spark Flats Ballerina 7.5Saint Laurent Paris 10 Decolette Ballerina Flats Shoes Camouflage Sable 38.5 8.5Tods white leather slingback shoes - Size 38.5 - Brand new , Hoka one one hubble Size 8 , Reebok Womens Tennis Shoes size 9 Sublite Duo Black/Pink , Womens MUNRO AMERICAN PACE olive green suede fashion sneakers sz. 11.5 $180ECCO Off White Gray & Silver Fashion Sneakers Walking Shoes Sz 9-9.5 US 40 EURCheerleaders High Heel Sneakers Shoes Canvas Wedge Platforms Cheer Leader BootsWomen's Naot Reserve in Black Combo FlatsWomen's Leather Mephisto Shoes/boots Size 7.5 BootsNEW WOMENS NIKE ROSHE ONE RUNNING SHOES TRAINERS BLACK / WHITE ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
NEW Free People Bill Blass Buckle red Free Snakeskin Embossed Albany People 2 Buckle Mule Flat 7.5 4451a55 Flats
Powered by VIP.