The Buzz
All markets and investing news all the time

Dansko Professional Clog Black Clog Black Cabrio Leather - size 16765 US 9 - was $125 0c7b3e7




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
Width: Medium (B, M)
Color: Black Style: Clogs
Heel Height: Med (1 3/4 in. to 2 3/4 in.) Brand: Dansko
Occasion: Casual Material: Leather
UPC: Does not apply US Shoe Size (Women's): 9

Dansko Professional Clog Black Clog Black Cabrio Leather - size 16765 US 9 - was $125 0c7b3e7 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Dansko Professional Clog Black Clog Black Cabrio Leather - size 16765 US 9 - was $125 0c7b3e7
Dansko Professional Clog Black Clog Black Cabrio Leather - size 16765 US 9 - was $125 0c7b3e7 - 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%.

Dansko Professional Clog Black Clog Black Cabrio Leather - size 16765 US 9 - was $125 0c7b3e7

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Dansko Professional Clog Black Clog Black Cabrio Leather - size 16765 US 9 - was $125 0c7b3e7 - hollisbaker.com
About This Author
Dansko Professional Clog Black Clog Black Cabrio Leather - size 16765 US 9 - was $125 0c7b3e7 - 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
 
DZ877 MBT shoes blue leather women ballet flats 6 - 6.5 () , TOD's penny loafers, black leather, womens shoe size, US 8.5 $480SABRINAS London Orange salmon Snake Print Leather Slip On Flats Size 39/US 8.5 , Bruno Magli 5.5 Black Slip On Women's Shoe , TORY BURCH WOMENS CAREEN METALLIC RUNWAY TASSEL LOAFER SLIP ON GOLD 6.5 NEW $295 , Tory Burch Heidi Ballet Flat Logo Minnie Reva Leather Ballerina Shoe Metallic 7New! FRYE WOMEN'S JAMES LUG WINGTIP Fawn Brown Size 8.5 B , Dansko Professional Clog Black Cabrio Leather - size US 8 - was $125 , AGL Womens ' Euro 2' Black Snake Print Leather Ankle Sandals Sz 39.5Womens Munro Shoes Ramie Black Narrow Width Comfort USA Made $200 RetailVince Mason Maroon Burgundy Calf Leather Pony Hair Slip On Loafers Flats 7.5 NIB , L'AMOUR DES PIEDS DIEPPE WHISKY LAMB LEATHER FLATS MOCCASIN ,LOAFERS 8 NIBTory Burch Reva Ballet Leather Flat Black Women Sz 6 M 1371 , Vintage Lady Cole Haan Womens leather Dress Shoes 1960s NOS New size 7AA tassles , Tory Burch Reva Ballerina Flats Python Print Ballet Shoe Gold Logo 5.5 C-Roccia , Sam Edelman Rafaella Womens Pointy Toe Ballet Flat Sz 8M 3238Women's Dr. Martens Favilla Tassel Slip On Shoes, Black, 8 UK / 10 US, Mhandmade raffia babouch moroccan mule grey shoes summer flats handmade shoes , JIMMY CHOO Shoes 041031 PinkxOrange 35Clarks Women's Wave Run Black Lea Casual Shoes 26086505 , FIERAMOSCA & Co.Tan Patent Leather Driving Moccasin Loafer Flat Mules Shoes 10WDM0056 Twisted X Women’s Driving Moccasins – Oiled Saddle Ostrich/Bomber OstricCole Haan Air Tali Black Rain Slip On Wedge Loafers 7151 Size 6.5 B NEW!$300 sz 6 Stuart Weitzman Quiltable Black Leather Ballet Flats Womens shoesAGL Women's Metallic Beige Leather Flats 37.5Orthofeet 701 - Women's Lake Charles Diabetic Casual Shoes - BlackJ Crew Monk Strap Loafers 9.5 Faded Barn , WOMANS ROCKPORT LEATHER SUEDE SHOES LOAFER STYLE SIZE 91/2 N SOFT & BEYOND COMFYMissoni New Zigzag Multi-Color Womens Shoes Size 11 M Flats MSRP $350
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 Franco Sarto Wade Women's Brown Leather Slanted Fowler Ankle Boots US Size 8.5 MLadies Liz& Co Knee High Boots Size 6.5 , SO KAPPA OATMEAL SWEATER KNIT WEAR 2 WAYS MIDCALF BOOTS WOMENS SHOES Size 7Steve Madden Women's Reesea Black Ankle Boots 7.5MFranco Sarto Black Leather Domino Ankle Boot Bootie 6 NEWBX758 MADE IN ITALY shoes black leather women ankle boots EU , B35 Rene Over The Knee Boots 114, Black, 8 USLucky Brand Falta Black Leather Tall Equestrian Riding Boots Size 9.5 - 10 , Spring Step Stockholm Leather Ankle Boot, Women's - Size (US 8.5) BurgundyHunter Original Tall Grey Gloss Rain Boots US 6M/7FPlatform Over The Knee Boots Round Toe Thick High Heels Thigh High Suede BootsECCO Women's Babett 45 GTX Slip-On Shoes - Black - Size 37 ( US 6-6.5 ) , Eastland Women's Skip Boat Shoe Navy 10 M US , Dolce Vita Khaki Suede Larsen Bootie Sz. 7.5 Great For Fall, Great Price! , Isaac Mizrahi Sally Cognac Leather Buckle Ankle Boot 10W EW , Pikolinos Sienna 916-9305, Bottines femme - Noir (Black), 40 EU-Tory Burch Black Caroline Ballet Flats Womens Size 7.5M , BURBERRY made in italy fabric and Leather Silver Buckle pump heel Size 37.5Trendy Shoe Lot Of 12 size 6-Amanda,Laura Scott, Apostrophe, Andrew Geller etc.Salvatore Ferragamo Varina Two Tone Brown Patent Leather Ballet Flats 10 $625 , Klogs Naples Mens - Womens Clogs Black Oiled - 6 WideLauren Ralph Women's Bayleigh Driving Style Loafer - Choose SZ/ColorFashion Lady Round Toe Flat Heel Pull On Creeper Thick Soles Comfy Casual ShoesWomens Boat Shoes Sneakers Flats Flower Rhinestone Suede Slip On Loafers 2018Anne Klein Sport Women's Buttons Ballet Flat - Choose SZ/ColorPewter San Pablo Wedge, Softwalk 8B NWOB MSRP $115TOP SHOP Pony Hair Snake Print Slip On Tennis Shoes Sneakers Sz 7 US/ 38 EU B5L1Ryka Women's Divine Training Shoe,Insignia Blue/Vivid Berry/Calypso Coral,US 9.5Just Fab Womens 6.5 M Brown Ankle Boots Casual Snow Shoes Buckle Faux Leather , Nike Womens Lunarepic Low Flyknit 2 Running Trainers 863780 Sneakers 300
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Dansko Professional Clog Black Clog Black Cabrio Leather - size 16765 US 9 - was $125 0c7b3e7 Flats
1972476
2461133
2868229
6533517
8779374
10788158
12319956
16182334
17026359
Powered by WordPress.com VIP.