The Buzz
All markets and investing news all the time

NWOB TED BAKER LONDON LONDON high SAVIOP printed BAKER curved high back court HEELS U.S. 7 836140e

Item specifics

New without box: A brand-new, unused, and unworn item (including handmade items) that is not in original packaging or ... Read moreabout the condition
Country/Region of Manufacture: Spain
Pattern: Floral Style: high back
EUR Shoe Size (Women's): 38 Heel Height: High (3 in. and Up)
Color: navy US Shoe Size (Women's): US 7
Brand: Ted Baker Width: Medium (B, M)
Heel Type: Slim UK Shoe Size (Women's): 5
UPC: Does not apply

NWOB TED BAKER LONDON LONDON high SAVIOP printed BAKER curved high back court HEELS U.S. 7 836140e -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
NWOB TED BAKER LONDON LONDON high SAVIOP printed BAKER curved high back court HEELS U.S. 7 836140e
NWOB TED BAKER LONDON LONDON high SAVIOP printed BAKER curved high back court HEELS U.S. 7 836140e -

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%.

NWOB TED BAKER LONDON LONDON high SAVIOP printed BAKER curved high back court HEELS U.S. 7 836140e

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
NWOB TED BAKER LONDON LONDON high SAVIOP printed BAKER curved high back court HEELS U.S. 7 836140e -
About This Author
NWOB TED BAKER LONDON LONDON high SAVIOP printed BAKER curved high back court HEELS U.S. 7 836140e -
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
**Diane Von Furstenberg Bea Crochet Sneaker- Women's Size 6, BlackSam Edelman Women’s Cognac Brown Studded Mule Sz 7.5M 1855Tory Burch 'Reva' Snake Skin Like Leather Ballet Flat Shoes Silver Logo Size 7Earth Tangelo Champagne Womens Slip-On Size 6MRoger Vivien Paris ponyhair leopard print flats w/ silver buckle sz 40 M , Bass Ebbie Rose Womens Slip-On Size 6.5MNEW BED STU BETSY TOP-SIDER DISTRESSED LEATHER BOAT SHOES BLUE SIZE 6.5 Rtl $175Schutz CECI Black Kid Skin Leather Flats, NIB, Size 8.5Tory Burch MINNIE Travel Ballet Flats Brown Leather Logo Medallion Size 7 * , Cole Haan Sabrina Tassel Flannel Loafers Shoes Womens 8.5 NEW IN BOXBass Ebbie Rose Womens Slip-On Size 9M , DONALD J. PLINER Black Nubuck Leather NOCOL Wedge Platform Shoes 9.5 M E2 , Bass Ebbie Rose Womens Slip-On Size 7.5MBass Ebbie Rose Womens Slip-On Size 9.5M , Therafit Sienna Dark Plaid Womens Fashion Sneaker Size 6.5 , Womens MARNI ITALY Calf Fur Hair Leather Slides Mules Shoes BROWN 37.5 / 7Bass Ebbie Rose Womens Slip-On Size 10M , Vionic Spark Caroll Flat Shoes - Pewter- New- SIZE 7.5 , Skechers Go Step Lite Origin in Charcoal, Taupe , DANSKO Women's Heels Size 37 US 6.5-7 Brown Leather Woven Arch Supports Platform , Women's Shoes Calvin Klein Hillaria 34E9387 Desert Slip On Pointy Toe Flats 6 MBass Ebbie Rose Womens Slip-On Size 6M , Cole Haan Sabrina Tassel Winery Flannel Loafer Shoe Womens 8 NEW IN BOX , Bass Ebbie Rose Womens Slip-On Size 7M , Eileen Fisher Black Carat soft leather sandals size 9 gently used in box rareSkechers Go Walk 4 Kindle in Black, Black Pink, Taupe CharcoalSkechers Ez Flex Serene Scene in TaupeArcopedico Women's L14 Flat Olas Black 37 M EUJEFFREY CAMPBELL Leona 2 Pointy Toe Mule Black 7 ,
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 Sperry Womens 10 Duck Rain Shoes Red Waterproof Rubber BootRalph Lauren Womens Black Leather Ankle Boots Size 7.5 MPolo Womens Plaid Foldover Canvas Boot Pink Size 10 , Sonoma "Caylie" women taupe leather& faux fur fashion ankle boots wedge size 7M , EUC Arizona Garber Women's Size 8 Ankle Boots Booties BrownFrye Women's Tan Leather Mid Calf , NIKE Womens ACG Hiking Trail Ankle Boots Suede Fur Sz 9 Brown Hippie OutdoorPaprika Shoes Swamo-H Ankle Boots Women Brown NewWomens BORN Brown Leather Buckle/Zipper Mid High BOOTS LOVELY 6.5/37 25" HeelI35 Herbii Short Ankle Boots 083, Caramel, 11 US , Easy Street Women's Mika Ankle BootieNWB Matisse Coconuts Miranda Fringe Bootie Boot Western Cowboy Color Saddle 7.5Bed Stu Womens Tess Tall Riding Boot - Windsor Tan Glaze Size 6.5 NWBTEVA DELAVINA ANKLE BLACK SUEDE BOOTS BOOTIES SIZE US 9.5 nibLauren Ralph Lauren Damara Women's Ankle Boots/ Booties , Black, US 5, BFrye brown leather tall boots Size Sz 8Stylish COLE HAAN Black Patent/Calfskin Loafers w/Patent Trim & White Stitching , Women Ankle Stripe Buckle Front Bow-knot Floral Stripe Creepers Platform Shoes , Vaneli Womens Gent Flats Black 6.5 MDelicious Women's Stretchy Open Toe Open Back Over The Knee Block Chunky Heel , Tory Burch Women's iconic black Ballet Flats Size 9 - Retail $225Women's Shoes GH Bass Black Leather 'Kayla' Pointy Flats Size 11 US New in Box , Walking Cradles Women's March Loafer Flat Black Patent Size 9.0 , $625 Roger Vivier Gommette Nude Buckle Flats Size 36 US 6 , FRYE Women's Gwen Pickstitch Slide Mule - Choose SZ/Color , Fashion Men Women Leather Casual Canvas Board Sneaker Flat Slip On Hot Shoes T61UNIONBAY Women's Fierce-u Fashion Sneaker - Choose SZ/ColorNew Balance Women's WW1865v1 Walking Shoe, Grey, Size 8.5Ted Baker Women's Queane Trainers - Light Pink / Rose GoldSkechers Sport Womens Spectrum Showy Fashion Sneaker- Pick SZ/Color.
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
NWOB TED BAKER LONDON LONDON high SAVIOP printed BAKER curved high back court HEELS U.S. 7 836140e Flats
Powered by VIP.