The Buzz
All markets and investing news all the time

Women's Driver Moc Club Leather 26758 USA NANTUCK Driving Moc Loafer Moccasins Soft Leather TAN ef67e81




Item specifics

Condition:
New with box: A brand-new, unused, and unworn item (including handmade items) in the original packaging (such as ... Read moreabout the condition
Brand: Driver Club USA
Heel Height: Flat (0 to 1/2 in.) Style: Loafers & Moccasins
Color: Beige Width: Medium (B, M)
Fastening: Slip On Material: Leather

Women's Driver Moc Club Leather 26758 USA NANTUCK Driving Moc Loafer Moccasins Soft Leather TAN ef67e81 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Women's Driver Moc Club Leather 26758 USA NANTUCK Driving Moc Loafer Moccasins Soft Leather TAN ef67e81
Women's Driver Moc Club Leather 26758 USA NANTUCK Driving Moc Loafer Moccasins Soft Leather TAN ef67e81 - hollisbaker.com

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's Driver Moc Club Leather 26758 USA NANTUCK Driving Moc Loafer Moccasins Soft Leather TAN ef67e81

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Women's Driver Moc Club Leather 26758 USA NANTUCK Driving Moc Loafer Moccasins Soft Leather TAN ef67e81 - hollisbaker.com
About This Author
Women's Driver Moc Club Leather 26758 USA NANTUCK Driving Moc Loafer Moccasins Soft Leather TAN ef67e81 - hollisbaker.com
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
Contributors
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
 
Womens BELLA VITA 226418 black leather perforated ballet flats sz. 8.5 MWomens COLE HAAN stylish light gray leather 205163 moccasins shoes sz. 7.5 AAOrthofeet 817 Women's Comfort Diabetic Therapeutic Extra Depth Shoe , Sperry Top Sider Slip On Leather Boat Shoes Light Brown Women Sz 6 M 4165Birkenstock Footprints Elastic Strap Mary JaneDREW NWOB BLACK ADJUST HOOK & LOOP STRAP ROUND TOE ROSE ORTHO MARY JANE. SZ 7 , Womens MUNRO 213123 Dark Brown Suede Penny Loafers Sz. 7 N NEW! , FRYE Women's Leather Melanie RARE Coral Slip-on Flats Sneakers, size 8, GUC! , LaPlume, Raleigh Grey Combo, Size 39 (8.5), Flat SandalsWomens Geox Respira Blue Patent Leather Loafers Shoes Sz. 35 , CHACO QUINN J105450 MOSS WOMENS SIZE 10 NEW IN BOX FREE SHIPPING , Dansko Womens Professional sz 9.5-10 M Antiqued Brown Leather Clogs Shoes MO25 , New Sperry STS82119 Seaport Levy Navy Blue Women's Casual Shoes 8.5 US , & Other Stories Loafer, size 36 , J/SLIDES Womens 'Annabelle' Burgundy Velvet Bow Sneakers Sz 8.5 - 230695SPRING STEP Brown Leather Clogs Slides / 6.5-7TOD'S Womens Gommini Cassetta Black Patent Leather Driving Loafer US 6 36 Italy , Isabel Espadrilles Wo's US 7 Black Textile Corduroy Leather Insoles Shoes FlatsMunro American Size 8 M Black Leather Mary Jane Wing Tip Isabel Work Shoes Women , J/SLIDES Womens 'Annabelle' Pale Blue Velvet Bow Sneakers Sz 8.5 - 230687 , DR.COMFORT Shoes for Women with diabetes Cathy brown 9-1/2XW MSRP $139 , Oscar de la Renta Women's Shoes Loafers Tassel Black Leather Size 40 FREE SHIP! , Women's Clarks Ashland Lane Q Slip-On Shoe Navy Size 7 #NKSWN-772 , NEW IN BOX! BARNEYS NEW YORK DARK GRAY LOAFER SIZE 40NEW! NIB! JACK ROGERS Choc Brown Leather NAVAJO Moccasin Loafers Shoes 6.5 $188 , Sesto Meucci Women's Mosca Gold Pink Yellow Soft Leather Mule Sz US 6.5 Narrow , B.O.C. by Born Howell leather clogs quilted black sz 6 Med NEWJ/SLIDES Womens 'Annabelle' Black Velvet Bow Round Toe Sneakers Sz 5.5Womens Dansko Oksana 228590 claret flower cut leather loafers/ shoes sz. 38
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 KAMIK, OLIVIA, BLACK RAIN BOOT, WOMENS, US 9M, EURO 39, PRE-OWNED, DAMAGED, , Franco Sarto Brown Leather Elastic High Heel Ankle Boots Size 7.5 MBreckelle's 8.5 heeled calf Zip up boots , Grosby Women's Fleece Lined Warm Slippers Booties Invisible Princess CheapVia Spiga Women Boot Size 8M Black Leather Ankle 2.5” Heel Point Toe, Made Italy , A35 Venah Side Zip Booties 998, Black, 9 US , Liz Claiborne Ray Faux Snake Skin Side Zip Knee High Boots Womens Size 8.5 MClarks Artisan Boots 7 Brown Suede Rouche Tie Ankle , Paul Green Authentic Munchen Leather Sheepskin Boots Size US 10.5 Made Austria , Minnetonka Women's Blake Fringe Boot Round Toe Black Size 5.0 QxiMJeffrey Campbell Metcalf Black Suede Silver Pearl Low Boots 8 1/2 in boxMaterial Girl Womens Capri WC Closed Toe Mid-Calf Fashion Cognac Size 7.0Lucky Brand Taupe Pickla Bootie Sz. 6 1/2 Brand New For Fall, Great Price!!Cat by Caterpillar Cheyenne Women's Boots Woody 5.5 M , Gentle Souls Womens Brynn Mary Jane Flat- Pick SZ/Color.Skechers Relaxed Fit Breathe Easy Calmly Womens Mary Jane ShoesEasy Street Women's Questa Ankle Bootie, Grey, 6 2W US , A2 by Aerosoles Women's Booties Common Ground Black Size 9.5M , Gentle Souls Women's Bay UniqueSkechers 23305-NVY Microburst Hyped Up Womens Slip On Skimmer Sneakers 8$495 MARC JACOBS MJ21093 Galactica Brush Glitter Designer Flats 8.5Christian Louboutin Gold Leather Peep Toe Ballet Flats Size 38.5new MARC JACOBS black patent TURNLOCK LOGO flats shoes 36.5 6.5 - super comfyMerrell Bare Access Women's Running Shoes - Gray/Purple/Orange - Sz 7 , Seychelles So Nice Suede Slip-On Sneakers Indigo SIZE 8.5Women's Qupid Women's Reba-171C Sneaker Athletic ShoesWomen's Aldo Size 6.5 Ankle Boots Boots , New womens Fergalicious by Fergir Boot Lexy Taupe Size 6.5Reebok Women's Super Duo Speed Running Shoe - Choose SZ/ColorPrada Linea Rossa Suede Leather Ribbon Hightop Sneakers. Size 35 ,
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Women's Driver Moc Club Leather 26758 USA NANTUCK Driving Moc Loafer Moccasins Soft Leather TAN ef67e81 Flats
6958222
7938202
10824897
10983921
11922497
12072585
14495873
14958923
18091275
Powered by WordPress.com VIP.