The Buzz
All markets and investing news all the time

CLAUDIA CIUTI localjoes-10584 ITALY HEELS SIZE 6 M BLACK BOOTS HEELS CLAUDIA LEATHER BACK ZIPPER f27512c




Item specifics

Condition:
Pre-owned: An item that has been used or worn previously. See the seller’s listing for full details and ... Read moreabout the condition
Modified Item: No
Material: Leather Country/Region of Manufacture: Italy
Width: Medium (B, M) Style: MID-CALF
Color: Black US Shoe Size (Women's): US 6
Brand: Claudia Ciuti Heel Height: High (3 in. and Up)
UPC: Does not apply

CLAUDIA CIUTI localjoes-10584 ITALY HEELS SIZE 6 M BLACK BOOTS HEELS CLAUDIA LEATHER BACK ZIPPER f27512c - momosaddison.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
CLAUDIA CIUTI localjoes-10584 ITALY HEELS SIZE 6 M BLACK BOOTS HEELS CLAUDIA LEATHER BACK ZIPPER f27512c
CLAUDIA CIUTI localjoes-10584 ITALY HEELS SIZE 6 M BLACK BOOTS HEELS CLAUDIA LEATHER BACK ZIPPER f27512c - momosaddison.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%.

CLAUDIA CIUTI localjoes-10584 ITALY HEELS SIZE 6 M BLACK BOOTS HEELS CLAUDIA LEATHER BACK ZIPPER f27512c

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
CLAUDIA CIUTI localjoes-10584 ITALY HEELS SIZE 6 M BLACK BOOTS HEELS CLAUDIA LEATHER BACK ZIPPER f27512c - momosaddison.com
About This Author
CLAUDIA CIUTI localjoes-10584 ITALY HEELS SIZE 6 M BLACK BOOTS HEELS CLAUDIA LEATHER BACK ZIPPER f27512c - momosaddison.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
 
Fergalicious Mackenzie Bootie - Women's Size 10M - Black02-3018 Nine West Women's Counter Almond Toe Knee High Leather Boots,SZ 10MSam & Libby Women 10 Audrey Ankle Booties Gray Smoke Boot Shoe NEW Stiletto Heel , Aerosoles Women's Good Fun Fringe Boots SZ 8.5 LIGHT TAN NEW IN BOXAlba Black Velvet Silver Studded Platform Wedge Heels Ankle Boots Womens 7.5 EUC , Steve Madden Davita Womens Leather Black Ankle Boots Heels 7 Medium , Women's Shoes PAOLO IANTORNO Zip Up Low Knee High Boots Size 38 M / US 7.5 , Rocket Dog Marila Faux Suede Ankle Boots, Women's Size 8.5, Black , NEW Dolce Vita Paschaa Women’s Taupe Slip On Ankle Boots US Size 8 M ShoesWomen BareTraps “Wendie” Brown Leather Suede Winter Boots Size 6.5MLIMITED by ASH Cool Mesh Leather Wedge Boots Size 38 EURDr Martens Leather Boots Womens US 8 Brown Low Top Shoes , EUC!! Sam Edelman "Troy" Brown Leather Buckle Moto Ankle Boots Womens 8.5 M , Nine West Women's Tubbso Boots Heel Leather Buckle Knee High Sz 7.5 M , Women's Report Nadya Black Synthetic Stretchy Over The Knee Boots Sz 9.5 M NEW!WOMEN'S VASQUE BRIZA GTX® DUSTY OLIVE/SENECA ROCK Hiking Boots Womens Sz 9 MSAM EDELMAN BLACK SUEDE LEATHER BOOTIE SHOES SIZE 7.5 MMichael Antonio Hadiya (Whiskey) Women's Dress Pull-on Boots - US 8.5 , Merrell Espresso Evera Fade Leather Side Zip Heel Boot Womens 6.5 Casual Harness , Naturalizer Black Leather & Stretch Fabric Knee High Boots Women's Size 6 MREFRESH LADIES CAMEL BROWN KNEE HIGH BOOTS SIDE ZIP SIZE 10 ADJUSTABLE BUCKLES A , Carlos by Carlos Santana Charcoal Knee High Boots Size 7.5VICTORIAS SECRET MUKLUK SHORT BOOTS SLIPPERS M 7-8 GREY SNAKE PRINT w STUDS , Vince Camuto Signature Ankle Boot Womens Size 10 M Tan Nikoletta Peep Toe Brazil , Tecnica Women's Sz 8.5 Brown Trail Hiking Boots Shoe , Women's Merrell Alpine Moc Insulated Winter Slip On shoe Women’s size 9Splendid Dale Ankle Boots - Women's Size 9, Oat (REPAIR) , Women's Acme 7.5M CIRCLE A Brown Suede Leather Cowboy Boots Metal TipMaine Woods Adele Brown 9 B
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 ETIENNE AIGNER BROWN SUEDE BOOTS SIZE 7 M , Women's LIZ CLAIBORNE FLEX Boots, Beige, Size: 7MNew Women's Fashion Mid Calf Boots Brown Camel winter snow Ladies shoes size 6Bearpaw Margaery Women's Suede Faux Wrap Waterproof Winter Boots , Women's 6.5 Justin Cowgirl Boots Embroidered Tobacco Brown & Black EUCWomen's Fashion High Chunky Heel Platform Zip Punk Round Toe Combat Ankle Boots , womens HARLEY DAVIDSON Leather Ankle Boots BLACK Stiletto Heel Stud Bike Size 8Shellys London Womens toddy Closed Toe Knee High Fashion Boots, Black, Size 8.5 , $345 BCBG BCBGMAXAZRIA Womens MA-Frina Platform Bootie Shoe, Black, US 10Brinley Co Women's Star Slouch Boot Regular & Wide Calf Brown Size 9.0Style & Co. Womens Wessley Almond Toe Ankle Fashion Boots, Maple, Size 5.5 OZ1R , New Bogs Bend Low Women's Boots Sz 8 , Madden Girl Women's Arrcade Mid-Top Boot , NIB $99 Micheal Kors Kristy Soft Pink/Rose Gold Canvas & Leather SlideStuwart Wetizman Women’s Brown Suede Boots… Size 7 .5 Medium , CL by Chinese Laundry Women's Succeeding Boot Black Size 7.5 eg9NFRANCO SARTO Candy Women Block Heel Knee-High Fashion Boot Size 8M Black LeatherEUC MEPHISTO BLACK SLIP ON Womens SIZE US 6.5 MAcne Studios Black Amina Slide Mule Size 35 NIB $470NEW NISOLO WOMENS ECUADOR HUARACHE SANDAL BURNT SIENNAEasy Street Womens Barbara Low Top Slip On Fashion White flower Size 8.5 1Okp , Women Casual Pull-on Mesh Breathable Sports Anti-slip Fitness Shoes Sneakers , Clarks ARTISAN Women's Soft Black Leather Flat Mules Sandals - Size 8.5NEW Dr. Martens Polley Daze Mary Jane - Floral Rose Multicolored T-Bar - Size 7 , New Balance WSYNLH1 in Pink - D , New Balance 928 Walking Shoes, Women's Size 6.5 4E, White/Blue49879 Black Skechers shoes Memory Foam Women Dress Skimmer Slipon Comfort Casual , Grasshoppers Women's Avery Fashion Sneaker, White, 6 E US , Asics Women's GT-2000 4 Running Shoe Silver/Turquoise/Lime Punch Size 8M , adidas FORUM LO - White - Womens ,
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
CLAUDIA CIUTI localjoes-10584 ITALY HEELS SIZE 6 M BLACK BOOTS HEELS CLAUDIA LEATHER BACK ZIPPER f27512c Boots
3165207
5721426
5852975
7475180
8781365
8977267
9092291
10269888
12110319
Powered by WordPress.com VIP.