The Buzz
All markets and investing news all the time

Barely Worn Stuart Weitzman Suede Worn Flats with ties, Taupe Size Barely Haze Beige, Size 8 5584036

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
US Shoe Size (Women's): 8
Brand: Stuart Weitzman Color: Beige
Style: Ankle Strap Material: Suede
UPC: Does not apply

Barely Worn Stuart Weitzman Suede Worn Flats with ties, Taupe Size Barely Haze Beige, Size 8 5584036 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Barely Worn Stuart Weitzman Suede Worn Flats with ties, Taupe Size Barely Haze Beige, Size 8 5584036
Barely Worn Stuart Weitzman Suede Worn Flats with ties, Taupe Size Barely Haze Beige, Size 8 5584036 -

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%.

Barely Worn Stuart Weitzman Suede Worn Flats with ties, Taupe Size Barely Haze Beige, Size 8 5584036

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Barely Worn Stuart Weitzman Suede Worn Flats with ties, Taupe Size Barely Haze Beige, Size 8 5584036 -
About This Author
Barely Worn Stuart Weitzman Suede Worn Flats with ties, Taupe Size Barely Haze Beige, Size 8 5584036 -
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
sz 8 / 38 Moncler Black Leather Lasercut Josette Espadrille Slip om Flat ShoesRENE CAOVILLA rhinestone detail sheer mesh ballet flats Italian 40.5 WORN ONCE , AUTH YSL Saint Laurent Women Leather Loafer Shoes 39 , Isabelle 251 Black Leather / Gray Patent Heel Ankle Shoe Booties 36.5 / US 6.5SUPER SEXY!! Stuart Weitzman GLADIATOR STRETCH WOMEN FLAT BOOTS SANDALS SIZE 9NIB ISABEL MARANT LENNY WHITE LEATHER SNAKE GROMMET BUCKLES FLAT SANDALS 39Oscar De La Renta Leather Point-Toe Flat, 36 , VALENTINO Blue Patent Leather Rockstud Point Toe Ballet Flats - US 7 (Ret. $795) , Women's Shoes Malloni Black Leather Ballet Pump Spring Summer 2018Stella McCartney Gray Leather Med Wedge Slip On Shoes Platform Moccasins US 9.5 , New Dior Ballerina Python Finished Gold Leather Shoes 37 US 7Tod's 225 Gray Suede / Leather Double T Buckle Ballerina Flats 34.5 / US 4.5 , P-467900 Off White Women's Leather Sneaker US 9 Marked 39 , $1695 NIB BRUNELLO CUCINELLI POLKA-DOT CALF HAIR OXFORD BROUGE sz 39.5AUTH YSL Saint Laurent Women Leather Espadrilles Shoes 38.5Stuart Weitzman Women's Chicflat Platinum Noir Flats Sz 8.5M 2110 , NWT CHRISTIAN LOUBOUTIN Brown Rantus Orlato Calf Hair Sneaker 36.5/6.5 $1095Brunello Cucinelli Women's shoes size 39 usedALEXANDER MCQUEEN SEQUIN SKULL-EMBELLISHED LTHR SHOES FLATS SIZE US 4.5 , NEW TOD’S Woman’s Varnished Loafers Shoes Black Patent Leather Sz 36 US 6 , Stella McCartney Tan Leather Raffia Espadrilles Sandals Wedges Shoestricot COMME des GARCONS Shoes 033182 Black 4 , Aquatalia Women's Perla Suede Ballet Flat Black Size 11.0 , AUTH PRADA TASSEL LOAFER SHOES 1D779E LACCA SOLEIL NEW US 10.5$1485 NEW MANOLO BLAHNIK BB JEWELED Black Suede Pointy Flats Ballet SHOES 35.5 , Bottega Veneta Smooth kid Poussin Nude bow flats sz 40.5 , Aquazzura Belgravia Flat Light Grey 38.5 orig $695 , AUTHENTIC MIU MIU SANDALS SHOES 5X7513 BLACK NAPPA NEW US 7Stella McCartney Elyse Hackney Blue Star Glitter Platform Oxford Boot 38.5 C NEW
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 Naughty Monkey Stride Women's Riding Boot Size 7 6755 []Women's Clarks Bendables Size 7M Booties Clogs Shoes Brown Leather Stretch Y6 , Forever Women's Dasia-42 Faux Suede Mid-Calf Block High Heel Dress Boots , Company9 Alabash Women`s Brown High Top Riding Boots Size 8 MNew Women's Winter Knee High Tan Camel Riding Boots Lug snow Ladies size 7.5Winter Women Fur Lined Boots Flats Mid-Calf Plush Platform Warm Shoes Snow Boot , ECCO Black Distress Side Zip High Heel Low Bootie Boots-Size 42/11 NWOBAnne Klein Womens Black Leather Ankle Fashion Boots 6.5 *Ex Cond Sharp* , Womens 9 cm Heels Stilettos Platform Over Knee Thigh High Boots Shoes Shoes Size , Women's Pacific Trail Diller Hiking Boot.. Taupe...Size 6 , **BORN** WOMEN BOOTS SIZE / USA 9 BROWN LEATHER buckle ankle zipperWomen's Kamik Adventures Boots Tan Black Size 7 "Cedar" Winter Shoes , Sam Edelman Jackson Riding Boot Brown Suede 7.5 , PRINTED STRETCH HIGH HEEL ANKLE BOOTS , STUART WEITZMAN Patent Leather Booties Heels Size 8 M , Reed Krakoff Straw Woven Round Toe Pumps Shoes Women's Size 38.5 / 8.5Christian Louboutin Mix Flat Calf / Knot Spikes Glitter Ballet Flats Euro 36SOLE Women's Casual Flips Beacon 9 M US , Rare Free People A.S. 98 Falcon Oxford Black Staple Brogue Leather Shoes 38 NewWomens Fly London Yisk Leather Black Work Open Toe Wedge Heel SandalsSkechers Black White Shape Up Shoes Womens Size 7.5 Walking Athletic Sneakers , WOMEN'S SKULL RUNNING TRAINERS WALKING SHOCK ABSORBING FASHION SPORTS SHOES NEW , Reebok Freestyle Hi Women's Retro Black/White/Bunker Blue/Primal Red/Coal CN2963 , Skechers Performance Women's Go Walk 2 Slip-On Walking Shoe Heather Grey 8 M USWomen Hidden Wedge Fashion Sneakers Sport Ankle Boots Casual Round Toe OxfordsWOMEN'S LL BEAN HIKING TRAIL SHOES GORE-TEX LEATHER/FABRIC GRAY MAROON SZ 7.5 , Women's All Black Nike Shoes Athletic ShoesWomen's STACCATO Shoes 322490 Beige 24.5cm Flats , Womens Hidden Wedge Heel shoes Winter Knee High Boots Furry lined White US sz 7 , Asics women's running shoes gel kinsei 6 black silver flash coral size 5.5 us
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Barely Worn Stuart Weitzman Suede Worn Flats with ties, Taupe Size Barely Haze Beige, Size 8 5584036 Flats
Powered by VIP.