The Buzz
All markets and investing news all the time

Kenneth Loafer Cole 22161 REACTION Women's Jet Ahead Dress Loafer Kenneth W/ Tassel Detail Fabric 1fe99b5




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: Kenneth Cole REACTION
Style: Loafers & Slip-Ons Manufacturer: Kenneth Cole REACTION
Size Type: Regular MPN: Jt hd Drss Lofr Wth Tssl Dtl Fbrc
US Shoe Size (Women's): Multiple Variations Model: Jt hd Drss Lofr Wth Tssl Dtl Fbrc

Kenneth Loafer Cole 22161 REACTION Women's Jet Ahead Dress Loafer Kenneth W/ Tassel Detail Fabric 1fe99b5 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Kenneth Loafer Cole 22161 REACTION Women's Jet Ahead Dress Loafer Kenneth W/ Tassel Detail Fabric 1fe99b5
Kenneth Loafer Cole 22161 REACTION Women's Jet Ahead Dress Loafer Kenneth W/ Tassel Detail Fabric 1fe99b5 - 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%.

Kenneth Loafer Cole 22161 REACTION Women's Jet Ahead Dress Loafer Kenneth W/ Tassel Detail Fabric 1fe99b5

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Kenneth Loafer Cole 22161 REACTION Women's Jet Ahead Dress Loafer Kenneth W/ Tassel Detail Fabric 1fe99b5 - hollisbaker.com
About This Author
Kenneth Loafer Cole 22161 REACTION Women's Jet Ahead Dress Loafer Kenneth W/ Tassel Detail Fabric 1fe99b5 - 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
 
Derbies en cuir marron 45 triple semelles en gomme( Trickers)Nine West Women's BAUS Driving Style Loafer - Choose SZ/Color , Cole Haan Women's Trafton Vintage Trainer Walking Shoe - Choose SZ/Color , New Stuart Weitzman The Camping Espadrilles 9M Leopard Hair Calf Leather Tan , Dr. Martens Women's 1461 RS Silver Oxford, - Choose SZ/Color , Anne Klein Women's Kamy Velvet Loafer Flat, - Choose SZ/ColorKenneth Cole New York Women's SATURN Ballet Flat - Choose SZ/ColorSoludos Leather Platform Smoking Slipper - Choose SZ/ColorDelpozo White Leather Sandal Size 37Splendid Women's Renee Ballet Flat, - Choose SZ/ColorNEW JEFFREY CAMPBELL GUNMETAL NOVAK FLORAL SHOES SZ 7 , shoes women flat Charlotte Olympia 36.5 ANA shoe*FALL MUST HAVE!* Salvatore Ferragamo Black Wingtip Women's Oxfords sz 6 , Birkenstock Boston Men's and Women's Clogs Nubuck / Suede / Leather Mules FlatsG.P. PER NOY BOLOGNA Shoes Women's Sz 41 Black Leather Suede Rhinestone Sneaker2017 TORY BURCH s9 Black Velvet Logo-Chain Espadrille Flats Slides Slip-On SHOESFrances Valentine Bow Sandal Black/Sand Flats Flo Nylon Grosgain Bow 6.5 $145 , NEW See by Chloe Shoes Scrunch Studded Leather Ballet Flats Size 8.5 39.5 StudsDansko Women's Brittany Flat - Choose SZ/ColorPrada Sport Women’s Flats Size 39 Italy preowned AuthenticTORY BURCH NORDSTROM EXCLUSIVE BALLERINA FLAT SHOES 8.5 $255 , Tod’s Nude Blush Round Toe Mary Jane Flats 40.5Del Toro Bee Happy loafers Sz.10FitFlop Women's F-Pop Ballerina Pony Ballet Flat - Choose SZ/ColorAnne Klein AK Sport Women's ULISA Fabric Ballet Flat - Choose SZ/Color , Trippen women's red leather flat shoes, size 37, great pre-ownedNIB RAG & BONE BLACK HADI LEATHER SUEDE CRISS CROSS STRAP FLAT SANDAL 39 BRAZILNine West Women's Truethat Leather Loafer - Choose SZ/Color , New $170 Cole Haan Tali Bow Ballet Flats Grey Velvet/Glitter Sliver Wedge NIB ,
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 New Fashion Women Patent Leather Stiletto Pointy Toe Zipper Ankle Boots Shoe Sz@NIB Olive Street Women's Size 7 M "Meg" Grey Dot Laser-Cut BootsAerosoles Rolet Black Boots 9 Booties Suede , Womens Transform Brown Ankle Boots Shoes 8 , Franco Sarto Womens Cecily Ox Brown Leather Calf Zip Up Boots Size 8.5 NIBJessica Simpson Leather Boots, 7.5, "Kit", Tall, Platform, Wedge, Olive Green , Style&co. Women's Kasee Knee-High Tall Boots Tobacco Suede Size 6.5 MEasy Spirit Womens elementa Closed Toe Ankle Fashion Boots Brown Size 8.0 , V Shape Ankle Boots Pointed Toe Chelsea Boots Low Heels Woman Flock Slip Shoes , Thalia Sodi Womens rese2f Open Toe Mid-Calf Fashion Boots Black Size 5.0 m5UrWhite Mountain Womens Passage Round Toe Mid-Calf Motorcycle Black Size 10.0 8TMARSELL Nubuck Leather Ankle Heel Boots Size 37.5 Made in ItalyNEW Genuine Ladies Laredo Frolic Blue Woven Washable Western Cowboy Boots 5958 , BOTTES HAUTE CUIR PATRICK COX TAILLE 36 BOOTS/BOTAS/STIVALI TBE , Women's Shoes Dr. Martens 1461 Wanderlust Leather Oxfords 23812002 Black *New* , Skechers 49405 Womens Bikers-Get-up Mary Jane Flat- Choose SZ/Color.Kennel Schmenger Size 7.5 7 1/2 Womens White Big Bow Sneakers Slip Ons , ESPADRILLES VALENTINO BRODEES NEUVES TAILLE 39NEW Authentic NIB TOD'S Dee Laccetto Ballet/Ballerina Flats Size 37.5 LeatherWomen's Walking Comfort Platform Nurse Shoes Wedge Creeper Sneakers Round Toe szEasy Spirit Womens 7M Black EFrost Fleece Mule NEW:Box Cozy!12591 Skechers Womens Valeris Gracious Life Fashion Sneaker- Choose SZ/Color. , NEW BALANCE SNEAKERS Women's Shoe wx 609 wb SIZE 9 1/2 Narrow white / navyVintage OG Reebok Classic “The Athlete’s Shoe” White/Pink Women’s Shoes Size 5.5SKECHERS 12323 SHAPE UPS Womens 8 Med White Silver Toning Sneakers Shoes Leather , Brooks Women's Size 8 Hyperion Technical Running Shoes Black White LimeWomens Flat Heels Bowknot Slip On Comfort Fashion Style Casual Skate Shoes A591 , Women's Dansko Women's Professional Flats , Adidas NMD_R1 Shoes | Women | , ADIDAS WOMENS NMD R1 LIGHT GRANITE/CLEAR ORANGE B37647
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Kenneth Loafer Cole 22161 REACTION Women's Jet Ahead Dress Loafer Kenneth W/ Tassel Detail Fabric 1fe99b5 Flats
1248097
1648162
3297468
5556568
6489555
13169413
13994936
15712613
17166102
Powered by WordPress.com VIP.