The Buzz
All markets and investing news all the time

Womens Fur Real Rabbit Fur Winter Warm Warm Fashion Shoes Rabbit Embroidery Thicken Casual Mules 781389a

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: Unbranded
Heel Type: Block Style: Loafers
Occasion: Casual Country/Region of Manufacture: China
Pattern: Solid EUR Shoe Size (Women's): 34-43
Toe Type: Open Toe Fastening: Slip On
Width: Medium (B, M) Heel Height: Low (3/4 in. to 1 1/2 in.)

Womens Fur Real Rabbit Fur Winter Warm Warm Fashion Shoes Rabbit Embroidery Thicken Casual Mules 781389a -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Womens Fur Real Rabbit Fur Winter Warm Warm Fashion Shoes Rabbit Embroidery Thicken Casual Mules 781389a
Womens Fur Real Rabbit Fur Winter Warm Warm Fashion Shoes Rabbit Embroidery Thicken Casual Mules 781389a -

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%.

Womens Fur Real Rabbit Fur Winter Warm Warm Fashion Shoes Rabbit Embroidery Thicken Casual Mules 781389a

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Womens Fur Real Rabbit Fur Winter Warm Warm Fashion Shoes Rabbit Embroidery Thicken Casual Mules 781389a -
About This Author
Womens Fur Real Rabbit Fur Winter Warm Warm Fashion Shoes Rabbit Embroidery Thicken Casual Mules 781389a -
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
Gatsby Pierre Snake Brown Jon Josef Loafer FlatNWOB Melissa + Jason Wu Black Shiny Jelly Ballet Flats Gold Metal Detail Size 8 , Womens Gold Velvet Low Heels Pointed Toe Bow Knot Loafers Casual Boat Shoes E941Spring Fashion Womens Velvet Slip On Loafers Casual Shoes Leisure Suede Plus Sz , CLARKS Women's Medora Nina Flat - Choose SZ/Color , Clarks Neenah Garden Ballet Flats 709, Black Nubuck, 7.5 US / 38 EUJCrew $128 Knotted slides in silk faille Sz 8 Navy Blue Slides g0991 , Women Leopard Print Flat Casual Slip On Pointy Toe Suede Leather Loafers Shoes , SAS Slip on Loafers Shoes Beige Size 8M Wedge Tripad Comfort Foot 8 Medium , Joie Huxley Brown Womens Shoes Size 5.5 M Flats MSRP $225Sperry Bluefish Angelfish Sparkle Leo black 6.5MBernie Mev Tw83 Nude Womens Slip-On Size 38M , ECCO Women's Bluma Slip On Ballerina Flat - Choose SZ/Colorchaussures MELISSA caoutchouc noir et bleu marine pointure 38 , La Redoute Collections Womens Leather Ankle Tie Ballet PumpsLoafers Stuart Weitzman Shiny Black Mocs Chunky Low Heel Mannish Slip Ons 8AA , ROCKPORT COBB HILL PEARL BLACK LEATHER 7M MARY JANES NEW NO BOXEUC! SPERRY TOP-SIDER BAHAMA NAVY BLUE RED ANCHOR SEQUINNED BOAT SHOE SIZE 9 , JCrew $198 Denim Caged Gladiator Sandals with Pom-Poms 6.5 Navy Blue Shoes Flats , Michael Kors Espadrille Flats Keli Size 8 To 8.5Salvatore Ferragamo Boutique black Italian Flats Authentic NWOB, size 7N , British Womens Retro Pearls Metallic Patent Leather Slip On Loafer Shoes oxfordS , Clarks Medora Elie Shoes, sage leather, size 6 womanJ. Crew Retail POLKA DOT FLATS Embellished Mary Jane Strappy Black Dress Shoe 9 , NEW MANGO WOMENS TASSEL SUEDE LOAFERSFree People Snake Eyes Loafer 8 / 39. NWOB , SAS Bounce Comfort OXFORDS Made in USA Womens size 6.5 M Mocha Shoes New in Box , Carole Little Flats Black Soft Velvet Martini Drinking Bar Shoes Womens 7.5 , Propet Ped RX Black Leather Casual Comfort Mary Jane Shoes Women's Size 9.5 N ,
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 BareTraps New Rhapsody Brown Womens Shoes Size 6 M Boots MSRP $85 , MG35 Cambrie Ankle Boots 541, Black, 8 USNaughty Monkey Womens Amiggo Ankle Bootie- Pick SZ/Color.Le chateau Montreal Size 36 grey mid style high heel suede pumps $100 retail newTalbots Brown Leather Inside Zip Gold Accent Ankle Boots Women's Size US 9.5 B , NEW Womens Jambu Cali-Classic Black Size 9.5 R39 ssVince Camuto 6.5 Corvina Boots Ankle Buckle Studded Black Leather Moto Brand NewWomen's Shoes Franco Sarto A-Linden Fashion Ankle Bootie Black Leather Size 10M , American Rag Ariane Black Heel Ankle Boots 679, Chocolate, 6.5 US , Report Women's Gyfford Ankle Bootie Grey Taupe Size 6.0 , BAXXO - BOTTES TALONS 8 CM TOUT CUIR MARRON CHOCOLAT 38.5 - TRES BON ETATSteve Madden BREWSTER Sz 7M Ankle Boot Strap/Buckles Cognac Leather 1.5” Heel�VINCE CAMUTO VC-VANYA BLACK LEATHER ANKLE BOOTS WOMENS 9 NEW!see pics-details , MARC FISHER Sunshine Women Knee High Boots, Black Faux Leather, Size 10MJulianne Hough Sole Society Chrissy Brown Zip Ankle Booties Women's Size 6 M*Women's Dolce Vita Colletta Shoes Brown Synthetic Ankle Booties Size 5 M NEW! , Vince Mason Maroon Burgundy Calf Leather Pony Hair Slip On Loafers Flats 7.5 NIBMade in Italia mans Shoes Ballet flats Black offer deal leather 82903 moda1 SALEB Brian Atwood Red Suede Cap Toe Ballet Flats New Sz 7.5 MDr. Martens Charlotte Etched Brogue Leather Oxford Women's US 8 Cherry Red NEW , VALENTINO Women's Open Hidden Sneakers JW0S0781LLS O30 EU SizeWoman's Star Wars Irregular Choice C3PO Flats Shoes Size 9.5 RARE DISNEY , Donald J Pliner Betina Embellished Slip On Sneaker Grey Women Sz 8.5 M 5045 , Sneakers Femme samples shoes VISION STREET WEAR ULTRA HI TOP BLACK WOMEN , ASICS Women's Gel-Resolution 6 Clay Court Tennis Shoe - Choose SZ/Color , Puma Muse Echo EP 365522 01 White Women's US 6 NEW Deadstock DS , Women's PUMA Womens Phenom EP Athletic ShoesWomen's CLARKS Women's Raisie Theresa Loafer FlatsEasy Spirit Womens Tosina Black Flats Size 6 (1268) , Saucony Kinvara 8 (women's) ___ Size 8 ___ Last pair, s10356-5, everun, pink
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Womens Fur Real Rabbit Fur Winter Warm Warm Fashion Shoes Rabbit Embroidery Thicken Casual Mules 781389a Flats
Powered by VIP.