The Buzz
All markets and investing news all the time

Sugar Women's Sugar 7.0 Women's Tikki Ankle Boot Cognac Size 7.0 a32e86c




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: Sugar
Color: Tan Style: Riding, Equestrian
Pattern: Solid Width: Medium (B, M)
US Shoe Size (Women's): 7 UPC: 888833676803

Sugar Women's Sugar 7.0 Women's Tikki Ankle Boot Cognac Size 7.0 a32e86c - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Sugar Women's Sugar 7.0 Women's Tikki Ankle Boot Cognac Size 7.0 a32e86c
Sugar Women's Sugar 7.0 Women's Tikki Ankle Boot Cognac Size 7.0 a32e86c - 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%.

Sugar Women's Sugar 7.0 Women's Tikki Ankle Boot Cognac Size 7.0 a32e86c

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Sugar Women's Sugar 7.0 Women's Tikki Ankle Boot Cognac Size 7.0 a32e86c - hollisbaker.com
About This Author
Sugar Women's Sugar 7.0 Women's Tikki Ankle Boot Cognac Size 7.0 a32e86c - 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
 
Carlos by Carlos Santana Womens Gamma Fabric Almond Toe Ankle, Doe, Size 8.0 , Indigo Rd. Womens Gerald2 Closed Toe Mid-Calf Fashion Black Fabric Size 8.0 , Fergalicious Womens Voila Closed Toe Ankle Fashion BootsLifestride X-Amy Tall Riding Boots, Black sz 8.5 new , KENDALL + KYLIE Womens Elaine, Taupe Suede, Size 9.5 IUjR , Style & Co. Womens mabbel WC Closed Toe Mid-Calf Riding Boots , Use-Custom-Brand Womens voice Closed Toe Mid-Calf Fashion BootsRyka Womens AURORA Fabric Round Toe Ankle Cold Weather Boots , Jordan David Grips Black Zipper Rain Boots No Slip 7 M Medium Over ShoeJordan David Grips Black Zipper Rain Boots Size 8 Over Shoe Large , WOMEN SHOES TALBOTS BOOTS Size 6.5M BROWN ITALY. , Bare Traps Womens danula Almond Toe Ankle Cold Weather Boots, Black, Size 7.5 hf , CARLOS BY CARLOS SANTANA Brie Ankle Boot Crystal Back Size 7 Orig. $129Apt. 9 BLACK BOOTS WOMENS SIZE 8 1/2 M LASS BLACK , Lucky Women's LK-Ramses Fashion Boot Sable 7.5 Medium USRalph Lauren � Women's Size 8B Above Ankle Boots , Aerosoles Womens double trouble 2 Closed Toe Ankle Fashion Navy Suede Size 6.0 , Naturalizer Women’s 9 M Brown Leather Side Zip Block Heel Ankle Fashion BootsINC International Concepts Womens Chelsea Closed Toe Ankle Chelsea BootsQupid Womens morrison 21 Closed Toe Ankle Fashion BootsC LABEL Womens Sid-5 Closed Toe Ankle Fashion Boots, Black, Size 10.0 jHyVLIFESTRIDE Womens X-MOTO Mid Brown Ankle Booties Size US 7M (C9709S2200) , Natural Soul 42 11M Yumen dark brown booties Womens Ladies ankle comfort bootsBottines DORNDORF Cuir Verni Brillant Marron T 39 BELacrosse Black Zipper Rain Boots 7 Medium Over Shoe , Very Volatile Womens Joan Leather Pointed Toe Ankle Fashion, Khaki, Size 8.0 nquCall It Spring Women's Bigger Ankle Bootie, Black, Size 9.0Bare Traps Womens danula Almond Toe Ankle Cold Weather Boots, Black, Size 9.0 Wa , Vasque Womens St Elias GTX Brown Leather Athletic Hiking Outdoor Boots Sz 7.5
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 Enzo Anigolini Bootie Burgundy Size 10 Retail $169 , Rampage Women's Boots SZ 8 M NWT , Roper Brown Leather Heel Clogs Western Mules Rubber Soles Woman's Sz 8 M , S.C. Faee Riding Boots, Mushroom, 6.5 US Display , New Sexy Women's High Spike Heels Stiletto Boots Slouch Shoes Chevron Size 9 , JEFFREY CAMPBELL Black Lombard Boots 7Khombu Snowflake 2 Side Zipper Winter Wedge Black Boots Faux Lining Size 10MBorn BOC Black Leather Split Toe Shorty Ankle Boot Bootie Clog Women Sz 6.5 / 37Vince Camuto Women's Beige Suede Graysen Ankle Boots Shoe Size 9.5 M NWD , Dr Martens Air Wair Women's Gray Metallic Eight Eye Boots Size-US-8, , Call It Spring Size 7 Talcahuano Booties Shoes Sparkle Block Heel Zip Glitter , Clarks Collection Nevella Devon Leather Zipper Booties Ankle Boots Dark Taupe 12 , Ladies Nicloe Rider Boots Size11M Gray , Sporto Millie Faux Fur Trim Winter Boots 430, Stone, 9 W US , SoftWalk Women's Miranda Mary Jane Flat, Grey/Red, 11.0 M US , TORY BURCH Kaitlin Ballet Flats Shoes Size 5.5 Quilted Black Gold Cap Toe $295Munro American Tallie Women's Black Kid Suede Tassel Loafer Flats Size 8.5 NSperry Top-Sider Dunefish Boat Shoes 224, Linen, 5.5 US , Munro Alison "Navy Kid" Shoes US 11 WW(EE) Wide M210491 NewClarks Unstructured Womens Un.Clap Slip-On Shoes 6.5- Pick SZ/Color.Women's New Balance Walking Shoes Size 9 Leather Gray WW813GY1 Motion Control 2A , NEW RUNNING TRAINERS WOMEN'S WALKING SHOCK ABSORBING SPORTS SHOES 0066Jessica Simpson Womens Mandalaye Elastic Strap Ballet Flats , Merrell Women Jungle Moc J60788 in Gun Smoke New With Original Box US 5.5-9 , Shoes Puma Pulse XT Core 188558 04 woman Fitness Running Gym Black PurpleSkechers Performance Women's Go Walk 4 Achiever Walking Shoe , Women's Ankle Boots Like Zara Boots , Women's QUIPID NEO 144 GREY BOOTS BootsCrocs Women's Kadee Slingback Flat - Choose SZ/colorSOFFT Slip On Brown Leather Clogs Shoes Women's Size 9.5
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Sugar Women's Sugar 7.0 Women's Tikki Ankle Boot Cognac Size 7.0 a32e86c Boots
3321275
6250522
7672601
8185731
10434371
12242903
17849203
18022910
18934967
Powered by WordPress.com VIP.