The Buzz
All markets and investing news all the time

Womens Hidden US Womens Wedge Slouch Ankle Boot Tasselt Side Zip Roma Slouch Shoes All US Sz 3b31fe0




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: Unbranded
Material: Synthetic Style: Ankle Boots
Pattern: Solid Width: Medium (B, M)
Occasion: Casual Heel Type: Wedge
Fastening: Zip Heel Height: Med (1 3/4 in. to 2 3/4 in.)
Country/Region of Manufacture: China

Womens Hidden US Womens Wedge Slouch Ankle Boot Tasselt Side Zip Roma Slouch Shoes All US Sz 3b31fe0 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Womens Hidden US Womens Wedge Slouch Ankle Boot Tasselt Side Zip Roma Slouch Shoes All US Sz 3b31fe0
Womens Hidden US Womens Wedge Slouch Ankle Boot Tasselt Side Zip Roma Slouch Shoes All US Sz 3b31fe0 - 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%.

Womens Hidden US Womens Wedge Slouch Ankle Boot Tasselt Side Zip Roma Slouch Shoes All US Sz 3b31fe0

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Womens Hidden US Womens Wedge Slouch Ankle Boot Tasselt Side Zip Roma Slouch Shoes All US Sz 3b31fe0 - hollisbaker.com
About This Author
Womens Hidden US Womens Wedge Slouch Ankle Boot Tasselt Side Zip Roma Slouch Shoes All US Sz 3b31fe0 - 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
 
Seychelles Women's Wedge Tall Boot Brown US 8.5 NWD10CM Ladies Platform Ankle Boots Shoes Round Toe Warm Slim High Heel Zipper SizeAce Designed Floral Embroidery Applique Blue Denim Peep Toe Open Back Booties , SPOT ON Boots Stone Knee High Microfibre Suede Size 36 / SB 7913C10 Sbicca Zip Back Casual Wedges Platforms Fashion Booties Women Shoes Sz 9Womens Fur Trim High Heel Side Zip Pointy Toe Sexy Ankle Boots Shoes Plus Sz 4 , LifeStride 9.5M BLACK w/ Soft System Tall Calf Boots - Winner Pre-ownedWomens Wedge High Heels Platform Buckle Strap Pointed Toe Shoes Ankle Boots Sz ¥BOC Born of Concept Black Leather Slip On Shoes Ankle Booties Chunky Heel 7.5 , New Women Knee High Boots Faux Leather Riding Pointy Toe Buckle Shoes new sizeRue21 etc! Black Velour Medium-Heel Ankle Boots, Women's, Choose Your SizeWomen Ankle Boots Shoes High Top Snakeskin Pattern High Heels Pointed Toe PumpsWomens Faux Suede Mid Block Heels Round Toe Riding Shoes Knee High Boots Zsell , Fashhion Womens Buckle Side Zip Low Heel Knee High Boots Casual Shoes Chic Ths01Sperry Top-Sider Khaki Grey & Camo Buckle Boots Shoes Womens 8 M , Womens Side Bowknot Pull On Fur Trim Ankle Boots Faux Suede Shoes Low Wedge HeelWomens Low Wedge Heel Tassles Ankle Boots Warm Winter Fur Comfort Fringe ShoesMigliorini WomensBoots US9 Brown Leather Wedge Heels Pull-on cuff moto cosplay , Womens Platform Wedge Round Toe Over Knee High Boot Shoes Strapy Suede SboxDolce Vita Kendal Black Suede Chained Ankle Heeled Pointed Toe Booties Sz 8.5 , Pre-owned Isaac Mizrahi Live! 12M Suede Ankle Boots with Buckle HAZELNUTWomens Black Ankle Fur Lined Warm Snow Boots Waterproof Flat Shoes SizeFREE SHIPPING Pesaro Womens 6 Black Faux Suede High Heel Mid-Calf Fashion Boots , Womens Heel Pointy Toe Date Patent Leather Ankle Boots Shoes Knight New Sz Ths01WOMENS HOUSE OF HARLOW LEOPARD PRINT MOHAIR BOOTIES SIZE 37.5(EU)NEW Stillettos High Heel Shoes Womens Pull On Ladies Knee High Boots Plus Size , Womens chunky platform high heel slim over the knee boots shoes stretch us 10.5 , Womens Ankle Boots Pointed Toe Side Zip Shoes Stilettos High Heels Suede Zsell , Women Shoes Pull On Leather Round Toe Wedge Platform Pure Color Block Hot yoooc ,
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 Sam Edelman"Myron" Suede Pull-On Ankle Boots Sz 6M EUCJalen-H9 Stretch Pull On Over Knee Thigh High Block Heel String Tie Up Boot Burg , Boots Faux Suede and Fur New Bamboo Brand Duckies Black Size 7 , Bottes NAF NAF Cuir Beige T 38 TBECarlos by Carlos Santana Cara Casual Riding Boots 505, Black, 9.5 US / 39.5 EU , Women's Born of Concept Borwn Leather High Heel Ankle Boot 10Kelsi Dagger Brooklyn Womens Jalen Ankle Boots Booties Black Size 6.5 New , Donald J Pliner Size 8 1/2 Women Black Ankle Zipper Boots LEEO Pointy Toe PreownCole Haan Maxfield Women's High Heel Shootie Ankle Boots Black Leather Size 7 M , $129 Naturalizer Women Metro Brown Faux Leather Motorcycle Style Boot sz 5.5M , Corral L5005 Size 5.5M Womens Western Phoenix Cowgirl Leather Boots NAVY BLUE , Womens Over Knee Thigh High Boots Stretchy Faux Suede Fashion Shoes Block HeelsIVANKA TRUMP SIZE 8.5 ITTONI Taupe LEATHER SUEDE KNEE HIGH BOOTS CHUNKY HEEL , Roper Women's Performance Casual Leather Loafers Tan 7 MLADIES SHOES/FOOTWEAR - Arcopedico L18 shoe with strap black , NAOT KIREI GRAY SUEDE LEATHER MARY JANES SHOES sz 40 US 9MEPHISTO Air-Relax Size 11 Brown Micro Fiber Leather Loafers Flats ShoesSalvatore Ferragamo PARIGI Black Patent MoccasinNaot Kayla Women Sandals Shoes Leather Gladiator Wedge Strappy Flat Strap NewWalking Cradles Women's Flynn Ballet Flat Bronze Leather FlatsTory Burch Flats Melinda Powder Coated Nevy Blue Leather Size 9Winter Warm New Suede Stylish Womens Fur Lining Loafers Moccasins Driving Shoes , Skechers Seager Stat Womens Slip On Loafers , Womens Casual Slip on Loafers Pumps Floral Printed Creepers Platform Shoes Vogue , TARYN ROSE ITALY BROWN SHOES LUG SOLE LOAFERS FLATS SHOES 35.5 ExcellentLady Godiva Womens Sneakers Silver Flowers High Top Shoes Metallic 90s PlatformWomen's Clarks women's leather boots 8.5M Boots , Women's IKRUSH Womens Lexie Desert Boots Boots , NEW WOMENS COZIE STEPS SHORT BOOTS TAN CHEETAH CHESTNUT AUSTRAILIAN SHEEPSKIN 10New Balance Women's 669v1 Walking Shoe - Choose SZ/color
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Womens Hidden US Womens Wedge Slouch Ankle Boot Tasselt Side Zip Roma Slouch Shoes All US Sz 3b31fe0 Boots
1047964
2873320
5849866
7121316
7821458
9488820
12380177
14886614
16621494
Powered by WordPress.com VIP.