The Buzz
All markets and investing news all the time

New BIRKENSTOCK Size 11 BOSTON New Suede Mules BIRKENSTOCK 11 Slide Shoes 42 8f5d79f




Item specifics

Condition:
New without box: A brand-new, unused, and unworn item (including handmade items) that is not in original packaging or ... Read moreabout the condition
Model: Birkenstock Boston
Width: Medium (B, M) Country/Region of Manufacture: Germany
EUR Shoe Size (Women's): EUR 42 Style: mules
Color: Beige US Shoe Size (Women's): US 11
Brand: Birkenstock Heel Height: Flat (0 to 1/2 in.)
Toe Type: Round Toe Material: Suede
UPC: Does not apply

New BIRKENSTOCK Size 11 BOSTON New Suede Mules BIRKENSTOCK 11 Slide Shoes 42 8f5d79f - momosaddison.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
New BIRKENSTOCK Size 11 BOSTON New Suede Mules BIRKENSTOCK 11 Slide Shoes 42 8f5d79f
New BIRKENSTOCK Size 11 BOSTON New Suede Mules BIRKENSTOCK 11 Slide Shoes 42 8f5d79f - 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%.

New BIRKENSTOCK Size 11 BOSTON New Suede Mules BIRKENSTOCK 11 Slide Shoes 42 8f5d79f

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
New BIRKENSTOCK Size 11 BOSTON New Suede Mules BIRKENSTOCK 11 Slide Shoes 42 8f5d79f - momosaddison.com
About This Author
New BIRKENSTOCK Size 11 BOSTON New Suede Mules BIRKENSTOCK 11 Slide Shoes 42 8f5d79f - 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
 
Miu Miu Pointed Black Beige Bicolor Ballet Flats Size 39 Scrunch Back Bow DetailGIUSEPPE ZANOTTI TAZ VERNICE BLUSH THICK STRAPS STILETTO HEEL SHOES SANDALS~37 , NEW Women's AGL Welted Moc Loafer Soft Italian Leather Size 39 US 8.5-9 $249 , J SLIDES NYC BLACK ANTEEK STUDDED LEATHER SNEAKERS SIZE 9 - NEWAgl Attilio Giusti Leombruni Beige Patent Ankle Wrap Wedge Sandal Shoe 37.5Stuart Weitzman Mulearky Beige Womens Shoes 10 M Clogs & Slippers MSRP $398 , Donald J. Pliner Sport Women's NAVA Black Shimmering Leather Driving Shoe 6.5M , hot sale 2 Color Sz 5-10 Leather Fringe Tassel Loafer Dress Slip On Womens Shoes , Womens MEPHISTO AIR JET stylish gray leather slingback flats sz. 9 M , New Alegria PG Lite Sz US 6.5 "Harper" Abalone Mary Jane Style Shoes C4Sam Edelman Size 8 NWB Retail $225 GreyNEW DANSKO WOMEN'S JANE FLAT BROWN LEATHER 38 7.5 MEDIUM $229Azura Women's Emeka Loafer Beige Leather FlatsJimmy Choo Size 7 Sparkly And Suede Ballet FlatsAuth Dolce Gabbana ballets real Patent Leather size 36,5 us 6.5 Flowers , Wolky Women's Bronze Soft Metallic Leather Passion 37 M EU US 6-7 MSRP $169.99 , Tod's Tan Suede Loafer US 10MISSONI JELLY BALLET FLATS SHOES BNWT US 9 PERFECT GIFT BNWT , New Elyse Walker Womens Dee Suede Espadrille Blue Loafer Flats Size 8 38 $375Azura Women's Emeka Loafer Yellow Leather Flats , Earth Women's Violet Slip-On Black Soft Buck FlatsToni Pons Black Suede Wedge Sandals Espadrille Shoes Gold Ankle Strap 40 9 9.5NEW NOS DS Vtg 50s White Canvas HI TOP Canvas Basketball Shoes Women 8.5 USA , Womens Beverly Feldman Multicolor Casual Dress Closed Toe Shoes Size 9.5 Medium , Vivienne Westwood Floral Leather Flats Shoes UK6 /EU39, rrp450GBP , Mephisto 'rachel' Leather Fashion Flats - Size 7, WineStuart Weitzman bolshoi Ballerina Flats US 4.5TALBOTS Black Fabric Brown Leather Animal Chicken Print Slip-on Loafer 9B SpainSESTO MEUCCI Size 9N Womens Bronze Oasis Perforated Gioky Wedge Loafer Shoes ,
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 Xhilaration Target Black Below Knee, Calf Length Heeled Boots w Buckles Size 7.5LC Lauren Conrad Women's Size 6.5 Three Layers Fringe Casual Moccasin Boots Tan , CLARKS Size 8.5 M Brown Leather Side Zip Ankle Boots , High Heel Stiletto Faux Suede Ankle Boots Buckle Pointy Toe Booties Shoes 5.5 , Women Big Belt Buckle Boot Anklet Chain Bracelet Western Shoe Charm Red StrapMadden Girl Canyon Knee High Boots Black Or Cognac For Women Choose Size NewWomen Boots Faux Suede Chunky Knee Boots Pull Zipper High Heel Shoes Slouchy , Aerosoles Sarasota Knee High Boots Tall Zip Extended Calf Black 6 M New , NEW LADIES Brown 1.5"Low Hidden Wedge Heel Sexy Knee BootS Size 7 , Dolce Vita Jones Suede Ankle Boots Size 7Clarks Black Leather Dream Belle Ankle Boots 8 NEWWOMENS TECNICA MOON BOOT NYLON WINTER SNOW SKI SKING BOOTS SIZES 3.5/6Helly Hansen Womens Veierland 2 Graphic Rain Boots Size 7 Rock Grey Black New , Sam Edelman LOUIE Tan Saddle Brown Suede Fringe Ankle Boots W/Gold US 7M/EUR37Prada women's nude tan leather casual ballet flats with bow detail size 9.5OluKai Nohea Nubuck Black Tan Women's Casual Loafers 20174-4034Preowned $640 DOLCE & GABBANA Shoes Suede Bow Ballet Flats Ballerina EU40 /US9.5 , **Munro Fran Flat - Women's Size 8.5 M, Zebra , Ruby Shoo Aurora Women's Grey Suedette Rounded Toe Low Heel Slip On Shoes New , NWB Salvatore Ferragamo ITALY Black Patent Leather Moccasins Loafers SHOES 10B , Gianvito Rossi Metallic Gold Wash Leather Self-Tie Tassel Moccasins US7~RTL$6753.1 Phillip Lim Shoes 304205 Black 37Ariat Women's Women's Cruiser Slip-on Shoe Sneaker, Brown Bomber, 7.5 B US , Easy Spirit Women's Dominaw Riding Boot , Loafer Nine West Nanshe Loafer Black LeatherReebok Classic High Top Leopard Yellow Red Size 7.5 Shoes Sneakers RB805PYEMERRELL BARRADO LEATHER CHESTNUT ZIP-FRONT RUNNING SHOES WOMEN'S SIZE 8.5 M , Puma Carson 2 Knit Women's Low Top Running Trainer Sneaker Shoes , Grace Ladies Block Heels Big Fur Ankle Boots Autumn Warm Shoes Casual Size NewWomen Suede Platform Ankle Boots Girls Winter Zip High Block Heel Dress Shoes
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
New BIRKENSTOCK Size 11 BOSTON New Suede Mules BIRKENSTOCK 11 Slide Shoes 42 8f5d79f Flats
531033
1126437
1404162
5960760
6987396
6988090
8017310
9846587
13845233
Powered by WordPress.com VIP.