The Buzz
All markets and investing news all the time

$540 Women Bottega Veneta Women Red Patent $540 Leather localjoes-27330 Pointed Toe Flats 39 420577 6495 496ef3b

Item specifics

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
Style: Ballet Flats Heel Height: Flat (0 to 1/2 in.)
US Shoe Size (Women's): IT 39 / US 9 Color: Red
Material: Patent Leather Width: E
Country/Region of Manufacture: Italy Toe Type: Pointed Toe
UPC: Does not apply

$540 Women Bottega Veneta Women Red Patent $540 Leather localjoes-27330 Pointed Toe Flats 39 420577 6495 496ef3b -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
$540 Women Bottega Veneta Women Red Patent $540 Leather localjoes-27330 Pointed Toe Flats 39 420577 6495 496ef3b
$540 Women Bottega Veneta Women Red Patent $540 Leather localjoes-27330 Pointed Toe Flats 39 420577 6495 496ef3b -

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%.

$540 Women Bottega Veneta Women Red Patent $540 Leather localjoes-27330 Pointed Toe Flats 39 420577 6495 496ef3b

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
$540 Women Bottega Veneta Women Red Patent $540 Leather localjoes-27330 Pointed Toe Flats 39 420577 6495 496ef3b -
About This Author
$540 Women Bottega Veneta Women Red Patent $540 Leather localjoes-27330 Pointed Toe Flats 39 420577 6495 496ef3b -
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
Tods Teal Embossed Patent Leather Loafers SZ 35 Sale , N21 Embellished Patent Ankle Wrap SandalNIB MIU MIU SS13 RED ST. PAISLEY BALLERINAS SZ36.5 , Repetto Ballet Flat Grey Patent Leather Silver Metallic Cap toe Shoes Size 37.5 , $540 Bottega Veneta Women Red Patent Leather Pointed Toe Flats 39.5 420577 6495 , Robert Clergerie made in France Slip On Loafer Shoe US 9.5 NWOBTod's XXW0OR0D561OW0M018 ballerina shoes Women's Pink US , Mercedes Castillo Brown Pebbled Leather Amaia Peep Toe Flats Womens Size US 7.5MChloe Capretto Haute Couture Leather Ballerina Flats Size 6Vince Blair slip on sneakers size US8 EUR38 UK6 , 3.1 PHILLIP LIM EMBROIDERED JASPER LOAFERS SHOES size 7.5 us/ 37.5 ukStuart Weitzman New Flippy Blue Womens Shoes Size 7 M Flats MSRP $398Womens- Marc Jacob snake print leather sneakers size 40 , NWT $335 FRYE JADE WOMEN'S LUXURY TASSELED LOAFER SIZE 8.5 M TAN BURGUNDY NIB , Paul Green Finley Black Squared Leather Oxfords Shoes Womens 8 NEW IN BOXBADGLEY MISCHKA 7 FLATS EVENING IVORY SATIN CRYSTALS BEADS LEATHER MALENA $225Fenty Rihanna Creepers - Black VelvetMIU MIU DENIM BALLET FLATS POINTED-TOE WITH CRESTAL JEWELED SIZE 9.5F-932202 New Valentino Flats with Pink Feathers and Strap Marked 37 US 7Tory Burch Burgandy Patent leather T logo Flat shoes size 7.5 , Auth Dior ballets flats Shoes with flowers size IT 40,5 us 10.5Stuart Weitzman Women's Taupe Leather Ballet Flats Sz. 7Lanvin Two Tone Brown Textured Leather Tassel Trim Loafer Flats SZ 36.5 , PAUL SMITH Stokes Suede Net Oxford Prune Suede Women’s Size 38 , Finn Comfort Women's Cornwall Plisse Nubuk Cigar Santos Loafers 7927 Sz 37 EUMANOLO BLAHNIK $895 BLACK SEQUIN BALLET FLATS (7.5/37.5) , NEW Missoni Tessuto Velvet Flats - Pick US 7.5 () OR US 8 ()Stuart Weitzman Guything Black & White Leather Tassel wingtip Loafers Size 12 M , Black Authentic Alexander McQueen Women's Flats Velvet and Leather Size 5 US
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 Black Leather Fashion Boots Knee HighUnlisted Kenneth Cole BEYOND THE STARS Women's Black Faux Leather Tall Boot 5.5M , JOAN BOYCE NEW Womens Black Wedge Cut Out Knee High Boots Shoes 12M TEDONomad Women's Droplet Rain Boot Pastel Paisley 6 M NEWLucky Brand Women’s Betwixt Bootie Ankle Boot Taupe Leather Suede Size 5M , Womens Slouch Boots Size 6 Gray Suede Leather Fashion Shoes Fall , Hot European fashion new womens over the knee high boots platform shoes size 789 , NEW BALANCE 900 WO900 HGT Multi Sport Gore-Tex Mid Hiking Trail Boot Women's 9.5 , MG35 Mali High Rise Ankle Boots, BlackBare Traps Womens kelyn Closed Toe Ankle Fashion Boots Brown Size 6.0 8LweVince Camuto BRIVA Ash Vintage Calf Leather KNEE HI Zipper BUCKLE Boots Heels 9NEW! Women's Gianni Bini Arita Mid Calf Boots - (Size: 9.5M)Womens Vintage J Chisholm Lilac Leather Roper Cowboy Boots 5.5 B NEW In BoxSAKS FIFTH AVE Womens Ankle Boots Size 8.5M Black Patent Leather Stretch Panels , TOD'S Brown Leather Driving Shoes Loafers Size 5 US 35 EUR GorgeousMarc Fisher Escape Women's Boots Black , Tory Burch Ballerina Abbey Flats Scrunched Leopard Brown Leather 7.5Cole Haan Sabrina Tassel Gray Flannel Loafer Shoe Womens 6 NEW IN BOX , LOEFFLER RANDALL Filipa (haircalf) Womens Ballet Flat- Choose SZ/Color. , PRADA Leopard Print Calf-Hair Brown/Black Espadrilles Flats sz: 40 | US 8.5 - 9Josef Seibel Women's Carole Mule Marone 40 BR/9-9.5 M US , Authentic HERMES H Logos Sneakers Beige Canvas Leather Italy VTG /2 BN02814ELLA MOSS LANIE Multi-Colored Suede Designer Flats Comfort 8.0 M , adidas Originals Campus Women's Tactile Rose/White/Crystal White B41939 , SoftWalk Women's Sampson Sneaker White Knit Flexible Technical Fabric , Marc Fisher LTD Women's Mlsadee2 Fashion Sneaker, Blmsu, Size 5.5 , 23094 Black Skechers shoes Memory Foam Women Soft Velvet Fabric Casual Mary JaneEnzo Angiolini Women's Zayra Boot Black US L6 R6.5 Mismatch Size NOBFaux Suede Over Knee Long Boots Side Zip Wedge Hidden Heel Shoes Vintage FashionSperry Top-Sider Women's Seaport Penny Loafer Rose Dust Leather Loafers
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
$540 Women Bottega Veneta Women Red Patent $540 Leather localjoes-27330 Pointed Toe Flats 39 420577 6495 496ef3b Flats
Powered by VIP.