The Buzz
All markets and investing news all the time

Women Fashion Rhinestone Fashion Flat Casual Shoes Sports Girls Ladies Girls Casual Slip On Sneakers 0dc1b94

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
Material: Synthetic Style: Comfort
Fastening: Slip on Width: Medium (B, M)
Country/Region of Manufacture: China Occasion: Casual
US Shoe Size (Women's): 9 Heel Type: Stiletto

Women Fashion Rhinestone Fashion Flat Casual Shoes Sports Girls Ladies Girls Casual Slip On Sneakers 0dc1b94 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Women Fashion Rhinestone Fashion Flat Casual Shoes Sports Girls Ladies Girls Casual Slip On Sneakers 0dc1b94
Women Fashion Rhinestone Fashion Flat Casual Shoes Sports Girls Ladies Girls Casual Slip On Sneakers 0dc1b94 -

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%.

Women Fashion Rhinestone Fashion Flat Casual Shoes Sports Girls Ladies Girls Casual Slip On Sneakers 0dc1b94

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Women Fashion Rhinestone Fashion Flat Casual Shoes Sports Girls Ladies Girls Casual Slip On Sneakers 0dc1b94 -
About This Author
Women Fashion Rhinestone Fashion Flat Casual Shoes Sports Girls Ladies Girls Casual Slip On Sneakers 0dc1b94 -
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
Marni Maroon & Purple Mary Jane Gem Detail Bow Flats Size 7.5 , Taryn Rose Womens Fayth Metallic Nappa Mule- Select SZ/Color.MUNRO MARY JANE BROWN NUBUCK WEDGE WOMEN SHOES SIZE 5.5 brand new with boxLKNW Black ST. JOHN Satin Paillette Slip-On Ballet Flats Sz. 7.5 B ITALYRocky 4EurSole Womens 9 9.5 40 M Nursing Clog Shoes Gray Patent Leather 3 In 1 , 7.5 black leather CANDID square toe oxfords shoes Eu 38LKNW Brown STUART WEITZMAN Crocodile Print Fashion Sneakers Shoes 7.5 M SPAIN , NEW! 36 Eric Michael SERENA Black Floral Embroidered Zipper Platform Espadrille , DR MARTENS oxford 3 eye floral canvas purple blue shoes US 10 ***Via Spiga demetria Women ballet flat (Gunmetal/Black, 9M) , Spring Step DEMATRA-BGE Womens Leather lip On Shoes Beige Size US 8.5 , size 7.5 B ladies black leather COLE HAAN loafers shoesSteven by Steve Madden Women's Bernidet AZTEC WEDGE Sandal LEATHER 9.5 M $189 , Nike Lunartempo Womens Persian Violet/Aqua/White/Lime Running Sneakers size 7.5SPRING STEP PRO FERRARA-RBW-M - FERRARA Size: - Color:Youth Munro 212959 Bronze Leather Oxfords Shoes Sz. 4.5 M $188Donald J Pliner Coco Slip-On Rhinestone Loafers 641, Black Crackle, 6 USMERRELL Dassie MJ Womens 7 Lot 2 Bl/brLeather Buckle Mary Jane Strap Clogs ShoesWomens Retro Tassel British Genuine Cow Leather Low Heel Oxfords Loafers Shoes , NEW 9.5 M SAS SIESTA TAUPE TAN LEATHER WOMENS OXFORD COMFORT SHOES , NEW JENNY by ARA Womens Patsy Black/White Mules Floral Mary Jane Sz 8.5NEW! COLE HAAN Black Leather SADIE DECONSTRUCTED Elasticized Driving Moc 6 $178 , Salvatore Ferragamo Boutique Low Heel Loafer Shoes Sz 7.5 AAAA Brown SuedeMARC JACOBS Brown Suede Leopard Accent Ballet Flats Size 6 1/2 M Made in Italy , NIB Cole Haan Bobbi Moc Slip On Brown Shoes Size 6 , Women’s G.H. Bass Winnie Tie Loafer White Size 8 #NLDV7-M489$ 155.00 Bates 00752 Leather DuraShocks Oxford, Black, Size 9 NNIB Rockport Cobb Hill Leland Perf Leather Flat Metallic Silver Pewter Size 8Dolce Vita Zaren Perforated Slip On Shoe 6 M Silver Specchio Leather New w/ Box ,
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 Indigo Rd. Women's Charley Western Boot, Medium Brown Fabric, 6.5 M USNew Women Qupid Tustin-02 Suede Buckle Fringe Wedge Ankle Bootie Size , Cole Haan Womens 9.5 B Leather Zip Mid-Calf Harness Boots D32792 os , Vibram Womens Boots Size 38 7 Black Knee High ZipperAerosoles Women's Black Suede Boots Size 7 B S489Rialto Cordelia Knee High Boot Womens Size 9M Black/Slate , Nine West Boots Yarnell Red Leather Zip Knee High Size 6 1/2 M FLOOR SAMPLE , CLARKS Womens Caddell Rush Closed Toe Ankle Cold Weather Boots Black Size 6.5Dingo Womens Size 9 Chocolate Faux Leather Cowboy Boots With Crystal Embroidery , Women Merrell Murren Moc Waterproof Size 7 J02176ZARA WOMAN NEW AW18 DETAILED LEATHER LOAFERS 7 1/2 BLACK (SOLD OUT!!) , Dr Martens Simone Black Patent Leather Rose Floral Dr Victorian Flower US5/EU36Charles Albert Cablee Brown Combat Boots Women's Size 8 M*Bottega Veneta White "Intrecciato" Leather Peep Toe Flats SZ 38.5 , crocs Walu II Canvas Loafer Womens Boat Shoe- Choose SZ/Color. , NWB Free People Abbeyroad Loafers Slingback Black/Green Size 6 , Women's Retro Buckle Strap Low Block Heel Mary Janes Shoes College OxfordsDorking by Fluchos Women's Red Leather Slip On Shoes Size Euro 40 US 9 , naturalizer Elly Slip-On Tassel Loafers, Black Leather, 5.5 US / 35.5 EU , Andrew Charles Womens Loafer Pink VICTORYPuma Womens Sneaker Shoes, Worn Twice, Size 7.5, White W/ Blue Accents EUC!!!!! , Ed Hardy Pink Heart & Skulls Slip-On Sneakers Size 5 Women EUC , Chinese Laundry Women's Gabby Slip-On Loafer , Frye Gemma Brown Womens Shoes Size 6.5 M Flats MSRP $228Salvatore Ferragamo Taupe Leather Heels With Snakeskin Cap Toe Size 6 1/2 AA , adidas ULTRABOOST X MID PRIMEKNIT Boost Stella McCartney BY1834 nmd women’s 10 , Gothic Womens High Heels Wedge Creeper Leather Sneakers Shoes Sneakers BlackBrooks Ghost 6 Women's Size 11 B Shoes Sneakers Running Gray Blue Red PinkOTBT Nebula In Bone Sneaker - Women's Size 8.5M Blue*NEW* $90 Carlos by Carlos Santana Silver Gray Floral Print Block Heel Boots 8.5
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Women Fashion Rhinestone Fashion Flat Casual Shoes Sports Girls Ladies Girls Casual Slip On Sneakers 0dc1b94 Flats
Powered by VIP.