The Buzz
All markets and investing news all the time

$680 Bottega Veneta Intrecciato Intrecciato 1975 Shoes Black Velvet Fabric Slip On Shoes 37 428869 1975 11ee005




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: Bottega Veneta
US Shoe Size (Women's): IT 37 / US 7 Material: Velvet Fabric
Color: Black Style: Slip Ons
Country/Region of Manufacture: Italy Width: E
Heel Height: Flat (0 to 1/2 in.) UPC: Does not apply

$680 Bottega Veneta Intrecciato Intrecciato 1975 Shoes Black Velvet Fabric Slip On Shoes 37 428869 1975 11ee005 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
$680 Bottega Veneta Intrecciato Intrecciato 1975 Shoes Black Velvet Fabric Slip On Shoes 37 428869 1975 11ee005
$680 Bottega Veneta Intrecciato Intrecciato 1975 Shoes Black Velvet Fabric Slip On Shoes 37 428869 1975 11ee005 - 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%.

$680 Bottega Veneta Intrecciato Intrecciato 1975 Shoes Black Velvet Fabric Slip On Shoes 37 428869 1975 11ee005

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
$680 Bottega Veneta Intrecciato Intrecciato 1975 Shoes Black Velvet Fabric Slip On Shoes 37 428869 1975 11ee005 - hollisbaker.com
About This Author
$680 Bottega Veneta Intrecciato Intrecciato 1975 Shoes Black Velvet Fabric Slip On Shoes 37 428869 1975 11ee005 - 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
 
NWOB$1895 Brunello Cucinelli Leather Textured Metallic Tongue Detail Loafer 37/7NEW - CHARLOTTE OLYMPIA Women's 'KITTY FLATS' Plum VELOUR FLATS SHOES - 6.5-7 , $695 NEW Tabitha Simmons Dilly Slingback Pointy Flats NUDE BEIGE Patent 40Valentino sz 38.5 / US 8 black gold rockstud loafer shoesNWOB$2095 Brunello Cucinelli Metallic Leather Beaded Fringe Loafers 40/10US A181NEW Manolo Blahnik BB Houndstooth Tweed Pointy Flats Black White Flat Shoes 40.5 , Charlotte Olympia Kitty Cat Leopard Embroidered Shoes Size: 39 , NIB AUTHENTIC YSL SAINT LAURENT PARIS FASHION SNEAKERS Flat TENNIS Shoes 39 , Tabitha Simmons NIB Jade Suede Hermione Pointy Toe Flats SZ 40.5New In Box Prada Black Leather Bow Espadrille Flats 39/9US $510.00 *2018 Style* , MCM GALAXY LEATHER SLIP ON LOAFER SNEAKER SHOES 36/6 $575$575 Ferragamo EMY pointed toes Black Patent Leather 5.5/6/6.5/7/8/9.5 "B"ROGER VIVIER AUTH $750 Women's Black Leather with front buckle flat shoes Size 7 , Christian Louboutin Velvet Corazon Smoking Loafer Black Ballet Flats 37.5 , MEPHISTO WOMEN'S ELETTRA WALKING COMFORT BALLET STYLE SHOE, ARCH SUPPORTNEW RED VALENTINO Black with Pink Star Leather Loafer Shoes Size 7 US 37 EULanvin Embossed Leather Ballerina Flats Shoes Size 36 , NEW BURBERRY CURRENT CHECK NUDE PINK BALLERINA BALLET FLAT SHOES 36/US 6 , NIB Lanvin NAPPA LEATHER GOLD SNEAKERS - Size 41 , Hermes Womens Loafers Size 38.5 8.5 Eggplant Purple Leather Block Heels IN BOXRoger Vivier Blue Patent Leather Buckle Embellished Flats SZ 35 , MARSELL Women's Black Sacchina Ballerina Pointed Toe Leather Flats 36.5 US6.5NEW VALENTINO RED V TUMBLED BALLERINA BALLET BOW FLATS SIZE 9 US, 40 EUR , NIB MIU MIU PRADA PYTHON LEATHER FLATS SHOES SZ US 7.5 MADE IN ITALYTHE ROW Noele Suede Loafers Size 39NIB $995 Christian Louboutin Pike Boat Flat Glitter Puramide in Navy size 36.5MIU MIU Blue Velvet Loafers Crystals Embellished Block Heel Round Toe Shoes 6.5M$680 NIB Authentic LORO PIANA Yellow/Orange Suede LP Charms Espadrilles Shoes 39CUTE! $1,000 Polo Ralph Lauren Black Crocodile Alligator Slippers Loafers 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 Soft Style Women's Winter Boots Black Vylon NEOS Weather Resistant M 7-8.5 , Woman's Rain Or Snow Boot By Capelli Size 6 US , Polka Dot DesignBRAND NEW WOMENS BLACK ANDIAMO SHARNI BOOTS ZEBRA STRIPED SIZE 9.5M 9.5 M , La Canadienne Black Shearling Kosmo Boot Size 8 M 38 Excellent Condition , New Women X2B Monet-2 Faux Suede Pointy Toe Mirror Metallic Block Heel BootieNWOB L'Amour des Pieds Pewter Leather Booties Ankle Boots - Size 6MJOAN AND DAVID WESTERN STYLE BOOTS SIZE 39 1/2Teva Figueroa Brown Waterproof Leather Winter Boot 1003416 Zigzag straps US 11 , Colleen Lopez Grey Suede Wedge Tall Boot 7W NEW , Fabio Rusconi Mid Calf Boots Patent Leather Pull On Flat Black 38.5/8 Italy NiceSperry Top-Sider Womens Brown Juniper Bree Leather Ankle Boots Shoe Size 7 MNEW NASTY GAL $258 BLACK LEATHER FAN THE FLAMES OVER THE KNEE BOOTS US 6 , Juicy Couture Sexy Black Suede Boots 38 1/2 , New Seychelles Quake Ruffle Leather Slip-On Sneakers Womens 11 White ShoesNEW Alberto Fermani Gold Vittoria Ankle Booties Women Size 36 (6 US) $475 , Melissa Ultragirl 3DB III 2019 Family Collect All Colors Vegan Shoes Fashion , Vince "Tara' Pointed Toe Leather Slip On Flats Women's Sizes ANB , Seychelles Womens Fashion Sneaker- Pick SZ/Color.Bass Denise Dirty Buck Leather Womens Oxfords Size 9.5M , Tony Little Womens Cheeks Fit Body Ankle Sneaker Boot - Grey Size 9M NWB , BOTTEGA VENETA Womens Size 8.5 B Tan Brown Woven Leather Loafers Shoes Italy , CHAUSSURES BALLERINES TOD'S - TAILLE 35 - BEG -WOMENS LADIES HUSH PUPPIES MONICA CASUAL/DRESS/LEATHER FLATS WEDGES SHOES , Puma Ladies Sneaker Shoes Casual Trainers High Mid Low Trainers SALE NEW , Skechers Sport Women's Flex Appeal Simplistic Sneaker , Adidas originals Topanga Uni Premium vintage Suede Leather Retro Trainers Orange , Nike Womens Running Shoes Size 10.5 (32031)Women's Vans Womens SK8-Hi Suede Trainers Athletic Shoes , Lady Womens Faux Suede Block Heel Pull On Knee High Riding Boots US Sizes 4-14 #New Balance Women's Fresh Foam 1080v7 Shoes Black with White
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
$680 Bottega Veneta Intrecciato Intrecciato 1975 Shoes Black Velvet Fabric Slip On Shoes 37 428869 1975 11ee005 Flats
3281810
5376798
10039667
11088290
12028974
12860208
17286133
17452522
18081219
Powered by WordPress.com VIP.