The Buzz
All markets and investing news all the time

TORY BURCH ballet shoes flat flat shoes shoes leather gold gold 63dbc64

Item specifics

Pre-owned: An item that has been used or worn previously. See the seller’s listing for full details and ... Read moreabout the condition
Gender: Women
Brand: TORY BURCH Out Sole Length: 25cm
Style: Flat Shoes Out Sole Width: 8cm
Color: gold Height: 8cm
US Shoe Size (Women's): Description Below UPC: Does not apply

TORY BURCH ballet shoes flat flat shoes shoes leather gold gold 63dbc64 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
TORY BURCH ballet shoes flat flat shoes shoes leather gold gold 63dbc64
TORY BURCH ballet shoes flat flat shoes shoes leather gold gold 63dbc64 -

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%.

TORY BURCH ballet shoes flat flat shoes shoes leather gold gold 63dbc64

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
TORY BURCH ballet shoes flat flat shoes shoes leather gold gold 63dbc64 -
About This Author
TORY BURCH ballet shoes flat flat shoes shoes leather gold gold 63dbc64 -
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
LADIES SHOES/FOOTWEAR - KOLOSH SLIP ON C0903 BLACK , TONI PONS WOMEN'S VIC ESPADRILLES, MADE IN SPAIN , Charlie Stone Monaco Shoes - Black Vintage Flats Retro Leather Rockabilly PinupLADIES SHOES/FOOTWEAR - Naot Primrose black shoe , Todd’s womens slip on shoes size 39.5 EU , Ladies Fly London Myso Low Wedge Heel Riding Buckle Winter Ankle Boots All Sizes , Ladies Fly London Yone Suede Oepn Toe Fashion Casual Summer Wedge Shoe All SizesWomens Fly London Wigg Mousse Sandals Open Toe Leather Mules Wedge Heel US 5-11 , Ladies Fly London Yidi Peep Toe Leather Mid Heel Summer Casual Sandals All Sizes , Pedro Garcia Black Leather Queron Low Heel Loafer Flats SZ 38.5New! Tory Burch Reva Matte Black Flats 6.5Lanvin Black Patent Leather Ruched Ballet Flats SZ 36PRADA Ombre Beige Gray Loafers Patent Leather Sz 7.5 $599New Womens Lucky Brand CAHILL Black Saratoga Nubuck Leather Loafers ShoesWDM0080 Twisted X Women’s Driving Moccasins – Bomber/Nude Print NEW , Fitflop Uberknit Charcoal Metallic Womens Slip-ons Shoes , Spring Step Women's Lorona Mary Jane Shoe BlackCole Haan Size 6 Black Leather Loafers New Womens Shoes , Spring Step Flexus Women's Willow Slip-On Shoe Black , Valentino sneakers Rockstud size 39 red 799$ZARA NEW WOMAN BEADED D'ORSAY SHOES FLAT WITH BOW GREEN 36-41 REF.5516/301 , Tods Black Suede & Leather Sneakers, Size 9NIB Sperry Top-Sider Saltwater Metallic Rose Duck Boot Short Womens Sz 6.5-9NEW FLEX & GO ALEXA WOMENS COMFORT FLAT LEATHER SHOES MADE IN PORTUGALB.O.C Womens Kalani Leather Round Toe Mary Jane FlatsFRYE Womens Gemma Kiltie Fashion Sneaker- Select SZ/Color. , Camper Womens Ballet Flat /- Select SZ/Color. , tory burch shoes women size 6 , Dansko Womens Fashion Sneaker /6.5-- Pick SZ/Color. ,
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 Women's Boots Etienne Aigner Size 9.5 MWOMENS ACME COWBOY LEATHER BROWN BOOTS SIZE 8 MITASCA Women's Sz 5/6 Black Snow Boots , Sbicca Womens Allegretto Tan Fringe Wedge Booties Shoes 8 Medium (B,M) BHFO 6852 , Navy Blue Rain Boots by Sociology Womens Size 8 New , Ariat Women's 9.5 M Beige Tan Leather Jessie Riding Boots Advanced Torque AS ISStyle & Co. Womens Adaline Closed Toe Knee High Fashion Boots Black Size 6.5J Chisholm Western Womens Boots Green Leather 855 Size 5 M NEW , Bandolino Women's BOOTS BLACK Leather - Riding - Womens Size 9 M - New!!New Cougar Claire boots Women Winter Snow Warm -30oC waterproof Black Sz 7 8 9ARTURO CHIANG BROWN LEATHER KNEE HIGH FASHION BOOTS 8 M , GUESS GALLE BLACK FABRIC BOOT WOMENS SIZE 8.5 BRAND NEW!!! , Ecco Sense Toggle Women's Mauve Sneaker Sz 41 , SPERRY TOP SIDER WOMENS KOIFISH SPARKLE CROSSHATCH GREY SIZE 8Eastland Women's Hailey Slip-On Loafer - Choose SZ/Colortricot COMME des GARCONS Shoes 165041 Black 23cmNew Balance Womens - Gray Running Shoes Size 8.5 (362515) , Vasque Womens Hiking Shoes Size 9.5 Brown Blue Outdoor Hiking Mid-6211 , Asics Gel-Fit Tempo Womens Navy/Ice Blue/Hot Pink Cross -Training Shoe 7MThe Flexx Torri Leather Slip-On Flat , MIU MIU tassel loafers, black leather, women's shoe size, US 5.5 $580SIGERSON MORRISON Perforated Cap Toe Patent Slide Mule Nude Pink Sz 7 391E , Clarks Women's Medora Jem Black Leather Flats Size 9.5 MUnder Armour Women's Lax Finisher MC - Choose SZ/ColorNew Balance XC5000v3 Spike Track and Field Shoe - Women's Size 7.5B Pink/Gray , NEW VANS WOMEN'S WARD LOW TOP CASUAL COMFORT SKATE SHOES HOT SELLER BLACK PINKNew Women Platform Art Printed Fashion Sneaker Heel High Top Ankle Shoes_3ColorsNike Women’s Air Zoom Pegasus 32 Black White Shoes Size 7.5 Euro 38 749344-001 , Women's Ballerines-ZADIG VOLTAIRE-Taille 37 FR Flats , adidas Originals NMD R2 Women's Ivy/Ivy BA7259 ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
TORY BURCH ballet shoes flat flat shoes shoes leather gold gold 63dbc64 Flats
Powered by VIP.