The Buzz
All markets and investing news all the time

Easy Spirit TRAVELRITE Brown Easy Suede Calf Mid TRAVELRITE Calf Boots Women's - NEW fa9dc85




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
Brand: Easy Spirit
Shade: Dark Brown Style: Fashion - Mid-Calf
Material: Suede Width: Medium (B, M)
Heel Height: Low (3/4 in. to 1 1/2 in.) Color: Browns
Country of Manufacture: China

Easy Spirit TRAVELRITE Brown Easy Suede Calf Mid TRAVELRITE Calf Boots Women's - NEW fa9dc85 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Easy Spirit TRAVELRITE Brown Easy Suede Calf Mid TRAVELRITE Calf Boots Women's - NEW fa9dc85
Easy Spirit TRAVELRITE Brown Easy Suede Calf Mid TRAVELRITE Calf Boots Women's - NEW fa9dc85 - 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%.

Easy Spirit TRAVELRITE Brown Easy Suede Calf Mid TRAVELRITE Calf Boots Women's - NEW fa9dc85

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Easy Spirit TRAVELRITE Brown Easy Suede Calf Mid TRAVELRITE Calf Boots Women's - NEW fa9dc85 - hollisbaker.com
About This Author
Easy Spirit TRAVELRITE Brown Easy Suede Calf Mid TRAVELRITE Calf Boots Women's - NEW fa9dc85 - 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
 
XOXO Women's Olivia Snow, Winter Mid-Calf Boots Faux Suede Black Size 10 M , Stella Monelle Vera Gomma Brown Side Zip Leather Riding Boots Italy 38 / 7.5Aerosoles Incognito Booties Brown Leather 10MGenuine Black Leather Western Cowboy Boots by Mootsie Tootsie Size 9 Med.Carlos by Carlos Santana Fitz Peep Toe Over The Knee Boots, BlackFranco Sarto Women's Boot Brown Size 8.5 , VTG LL Bean Winter Hiking Boot Women 8.5 M Blue Gray Straps Primaloft Insulation , Guess New Galyna Black Womens Shoes Size 8 M Boots MSRP $110Carlos Sanchez Women's Black High Heel Boots Size 6B Made In SpainLaredo Black Exotic Leather Snake Skin Cowboy Western Boots Womens Size 9.5 MNINE WEST Women's Blue Suede Leather Booties with Snake Chunky Heel Size 8 , Women’s Shoes CLARK’s Brown Leather Harness Buckle Bootie 8 MSam Edelman Womens Size 7 Rudie Studded Fringe Ankle Bootie Black Suede LeatherEarth Astrid Black Faux Suede and Fur Kalso Technology Comfort Boots 11B outdoorECCO Women's Booties 37 US 6 - 6.5 Black Heel Side Zip Pointy Dress Pump Shoes , Paul Green Authentic Munchen Leather Sheepskin Boots Size US 10.5 Made AustriaCole Haan Callie Slip-On Waterproof Rain Shoes 900, Black, 6.5 USLAREDO Rust Brown & Black Leather Western Cowboy Boots Sz 6.5 6 1/2 , Naturalizer Women's Jalyn Wide Calf Black Leather Knee High Boot 4.5 M , Women's Arturo Chiang Fusco Black Quilted Leather Riding Equestrian Boots 6.5 MLucky Brand Latonya Dark Grey Nubuck Buckle Bootie Size 6.5 , NINE WEST 58 LEX Womens size 10M BROWN LEATHER HEEL KNEE HIGH BOOTSGood condition! Eileen Fisher Size 8 Black Suede Leather BootsMarc Fisher New Ignite Beige Womens Shoes Size 6.5 M Boots MSRP $99 , ORTHOFEET Orthotic Shenandoah BLACK Hook & Loop STRAP Ankle BOOTS Size 8.5 M , US Polo Assn Womens Winter Boots Size 11M Zip Up GreySAM EDELMAN Womens 8M TAN SUEDE KNEE-HIGH BOOTS WITH FABULOUS FRINGE, FLATS, , Talbots New Tall Suede Boots Knee High Chocolate 9.5B 3.5" HeelWomen's Vintage Size 8 1/2 Boho Campus Boots Made In Romania Brown Leather ,
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 Crown womens black ankle boots size 7 M , Stylish Women Front Zip Patent Leather Chunky Heels Riding Ankle Boots New Shoes , Mossimo Black Knee High Zip Riding Boots Size 7Groove Womens Knee hi Boots Size 7 Black FAUX Leather Tall Riding ENGINEER BIKER , Wild Diva Womens Almond Closed Toe Med Low Heel Western Cowboy Ankle Booties ...Sperry Top-Sider Moccasin Style Ankle Boots Sz 7 Bootie Fringe Gold MetallicDuran Black Leather Women Boots Size 8.5 , Easy Spirit Informer Total Comfort Sneaker Ankle Zip Boots Womens 9 M Black ShoeNIB DESIGNER ROUGE BLACK SUEDE POINTY TOE HIGH HEEL BOOTS 8Luichiny platform boots knee high black leather 6 36 chunky round goth gogo zip37 mini Boden Johnnie B navy blue glitter ankle Chelsea boots shoes leather , $129 BCBG BCBGeneration Womens BG-Glowe Monk Strap Bootie Shoe, Java, US 8Fergalicious Women's Lundry Western Boot Black Knee High Heels Full Zip Size 8.5B. Makowsky Black Suede Ankle Wedge Boots 10M New , Women's Lauren Ralph Lauren Pointed Toe Knee High Boots size 7.5Women's Justin Smooth Ostrich Roper Cowboy Western Boots Vintage US Made 5.5 MNew Vince Camuto Bocca OTK Chestnut Black Leather Riding Boots $239 5.5 5 , Vegan Arcopedico Leina Brown Flats Mary Jane, Sz (US 7 to 7.5) , Skechers Women's Go Walk Lite-15412 Loafer Flat - Choose SZ/Color , DR MARTENS PINK SUEDE Leather Shoes Clogs Slip On US L 10Anthropologie Charles Philip Shanghai Tassel Loafer Sage Suede Sz 7 New with box , Free People Bakersfield Slingback Mules, Women's - Size US 7 NWOB BronzeNew Prada Womens Shoes Green Ballet Flats Size 39 Vernice Sfumata Patent , Birkenstock Boston Men's and Women's Clogs Nubuck / Suede / Leather Mules FlatsYosi Samra Women's Nina Pump - Choose SZ/Color , Rockport Women's Total Motion Adelyn Ghillie Ballet Flat, Black Kid Suede, 6 M , Easy Spirit Womens Alani Fabric Closed Toe Loafers, Grey/Grey Fb, Size 8.5Pleaser Women's Dolly 50 White Patent , FIRST DANCE Women's Classic Canvas Shoes Cute Dog Cat Shoes Printed Low Top L... , Women's Birkenstock Mens Flip-Flops Flats
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Easy Spirit TRAVELRITE Brown Easy Suede Calf Mid TRAVELRITE Calf Boots Women's - NEW fa9dc85 Boots
2849731
5694622
7927110
10747727
11364578
11883277
16605920
16957230
18191474
Powered by WordPress.com VIP.