The Buzz
All markets and investing news all the time

PAUL MAYER ATTITUDES GREY - BRAVO GREY LUG LUG 27800 SOLE BALLET FLAT SZ 5.5, RETAIL $248 8978901




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
Color: Gray
Heel Height: Flat (0 to 1/2 in.) Brand: Paul Mayer Attitudes
Theme: Bow Width: Medium (B, M)
Fastening: Slip On Style: Ballet Flats
Toe Type: Round Toe Material: Suede
US Shoe Size (Women's): 5.5 UPC: Does not apply

PAUL MAYER ATTITUDES GREY - BRAVO GREY LUG LUG 27800 SOLE BALLET FLAT SZ 5.5, RETAIL $248 8978901 - momosaddison.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
PAUL MAYER ATTITUDES GREY - BRAVO GREY LUG LUG 27800 SOLE BALLET FLAT SZ 5.5, RETAIL $248 8978901
PAUL MAYER ATTITUDES GREY - BRAVO GREY LUG LUG 27800 SOLE BALLET FLAT SZ 5.5, RETAIL $248 8978901 - 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%.

PAUL MAYER ATTITUDES GREY - BRAVO GREY LUG LUG 27800 SOLE BALLET FLAT SZ 5.5, RETAIL $248 8978901

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
PAUL MAYER ATTITUDES GREY - BRAVO GREY LUG LUG 27800 SOLE BALLET FLAT SZ 5.5, RETAIL $248 8978901 - momosaddison.com
About This Author
PAUL MAYER ATTITUDES GREY - BRAVO GREY LUG LUG 27800 SOLE BALLET FLAT SZ 5.5, RETAIL $248 8978901 - 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
 
Azura Women's Emeka Loafer Black Leather Flats , NIB Authentic COLE HAAN STUDIOGRAND FLYKNIT & LEATHER Oxford Size 9 MDansko NARROW Professional Black Cabrio Leather - size US 11 - was $125 , Tory Burch Thongs Marion Silver Quilted Sandal Leather Flip Flop 7 SlidePrada Ballet Flats 6 36 Black Leather Elastic Criss Cross Straps Round Toe Mocs , NEW J.CREW COLLECTION ELSIE JEWELED PUMPS IN ABSTRACT PRINT, F4870, SZ8, GREENEILEEN FISHER RAY Studded Slip On Flat Loafer Shoes Black Oiled Leather Size 9.5LA PINTA FEDORA Black Leather Flat Shoe , STUBBS & WOOTTON BLACK FABRIC BLUE BELL MULE LOAFER SLIPPER WOMEN SZhandmade moroccan babouch raffia babouch mule boho shoes raphia shoes flats , Thierry Rabotin Light Snake Skin Pattern Flats Size 7.5 , $298 AGL Grey Buckle Shimmer Moccasin Flats Sz EU37.5/US7.5 NEW IN BOX! , Tory Burch Reva Patent Leather Ballet Flats Orange Size 7 1/2 , BADGLEY MISCHKA WENDY Embellished Ballet Flats Black Leather Crystals Sz 7.5 NEWMiu 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 - NEW , Agl Attilio Giusti Leombruni Beige Patent Ankle Wrap Wedge Sandal Shoe 37.5 , Stuart Weitzman Mulearky Beige Womens Shoes 10 M Clogs & Slippers MSRP $398Donald 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 ShoesWomens 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 $229 , Azura Women's Emeka Loafer Beige Leather Flats , Jimmy Choo Size 7 Sparkly And Suede Ballet FlatsAuth Dolce Gabbana ballets real Patent Leather size 36,5 us 6.5 Flowers
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 SPLENDID Junior's Women's "BENNIE" Black Leather Fringes Moc Ankle Boots Sz 5.5MStyle & Co New Womens Tiny Black Leather Boots 6 M ShoesCougar Womens Kensington Black EVA Rain Boots Shoes 11 Medium (B,M) BHFO 0949GIANNI BINI Women's 8.5 M Brown Leather Reptile Booties Zip Ankle Boots , Women's Skechers, 34338, BOBS with memory Foam Bliss 2.0  Ankle Bootie, Grey, , NEW Womens Black 4.5"High Block Heel Knee Sexy Boots Size 6.5 , Dr. Martens Women’s Brown Pebble Leather Work Shoes Us8.5/uk6. F7 , Beige Super Furry Pom-pom Snow Winter Flat Boots VEGAN SUEDEPop Lincoln Womens Booties Black Size 11M , Sofft Shoes Caralee Cognac brown tan ankle boot bootie comfortable wedge sz 8 , Nine West Jaen Black Suede OTK Boot Size 5M E367Hot Brogue Suede Western Hot Cowboy Vintage Buckles Shoes Mid Calf Slouch Boots , Jessica Simpson Women's Racyn Rain Boot Black/Dark Olive 6 M USParkLane Pari Women’s Green Leather Woven Back Tie Ankle Boots Size 9.5 $146ISABEL MARANT LYA BLACK FLAT SIZE 37Pikolinos Noir 692-9510 Loafer Black Leather Flat Slip On 39 Walking ShoeNEW DANSKO WOMEN'S ANN SLIP-ON ELASTIC SHOES BLACK LEATHER 38 8 MEDIUM $145� Dr. Martens Doc MIE England Black Melange Silk Lester Shoe US 8 � , Tory Burch RARE Rose Gold Reva Flats Sz 10 NEW ! Retail $250 SOLD OUT , Tory Burch Melinda Ballerina Flats Bronze Leather Gold Logo Ballet Shoe 8.5Brooks Adrenaline GTS 17 Women's Running Shoes - Gray - Sz 9Reebok Women's Ventilator CO-OP Gravel/White/Pink Shoes M46575 NEW! , French Sole FS/NY Women's Passport Ballet Flat, Navy, 8 M US , Melvin & HamiltonClaire 1 - Mocassini Donna , Marrone 42 EUCL by Chinese Laundry Women's Gem Stone Ballet FlatVince. Warner Gray Womens Shoes Size 10 M Flats MSRP $250 , SAVE $$$ Asics Gel Netburner Academy 7 Womens Netball Shoes (B) (0149)PUMA x Fenty Cleated Creeper Suede , Alegria Women's Isabelle Black Beauty Clog/Mule 41 US Women's 10.5 Regular , Women Round Toe Colorful Sequins Platform Athletic Casual Sneakers Sports Shoes
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
PAUL MAYER ATTITUDES GREY - BRAVO GREY LUG LUG 27800 SOLE BALLET FLAT SZ 5.5, RETAIL $248 8978901 Flats
3039758
5727044
6294166
6618946
7199244
12871593
14804817
15279403
16080455
Powered by WordPress.com VIP.