The Buzz
All markets and investing news all the time

Womens Twisted X WDM0017 FLAG VFW Red White Blue VFW Mocs Twisted Toe FLAG Driving boat Shoes 9 M f3630dd

Item specifics

Condition: New without box :
A brand-new, unused, and unworn item (including handmade items) that is not in original packaging or may be missing original packaging materials (such as the original box or bag). The original tags may not be attached. For example, new shoes (with absolutely no signs of wear) that are no longer in their original box fall into this category. See all condition definitions- opens in a new window or tab
Style: Loafers & Moccasins Material: Leather
Fastening: Lace Up Width: Medium (B, M)
Heel Height: Low (3/4 in. to 1 1/2 in.) Color: Blue Red White
US Shoe Size (Women's): 9 Brand: Twisted X
UPC: Does not apply

Womens Twisted X WDM0017 FLAG VFW Red White Blue VFW Mocs Twisted Toe FLAG Driving boat Shoes 9 M f3630dd -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Womens Twisted X WDM0017 FLAG VFW Red White Blue VFW Mocs Twisted Toe FLAG Driving boat Shoes 9 M f3630dd
Womens Twisted X WDM0017 FLAG VFW Red White Blue VFW Mocs Twisted Toe FLAG Driving boat Shoes 9 M f3630dd -

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 Twisted X WDM0017 FLAG VFW Red White Blue VFW Mocs Twisted Toe FLAG Driving boat Shoes 9 M f3630dd

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Womens Twisted X WDM0017 FLAG VFW Red White Blue VFW Mocs Twisted Toe FLAG Driving boat Shoes 9 M f3630dd -
About This Author
Womens Twisted X WDM0017 FLAG VFW Red White Blue VFW Mocs Twisted Toe FLAG Driving boat Shoes 9 M f3630dd -
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
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
Sanuk Chiba Quest Knit - Men's Wo Black/Grey - Men's 11 / Women's 12 , Roper Women's Daisy Driving Style Loafer, Tan, 11 D USDr. Scholl's Shoes Women's Fresh One Moccasin, Blush Microfiber, 9.5 M US , Cobb Hill Pamela Strap Loafers Merlot - 7 MFitFlop Women's Superbendy Ballerinas Loafer Flat, Midnight Navy, 7 M USAnne Klein AK Sport Women's Able Synthetic Ballet Flat, Brown/Multi, 8.5 M USNEW Tory Burch Reva Flat, Black Patent Leather, Women Size 4.5, $225Soft Style by Hush Puppies Women's Faeth Flat, Navy Velvet, 8.5 M USCorkys Women's Sidewalk Memory Gel Comfort Slip-on Flats in Multi - 9 , Earth Juniper - Women's Slip-on Wedge Summer S Dark Blush - 8 MediumDr.Comfort Women's Shannon Sandal - Camel 9 C/D USCLARKS Women's Fianna Carlie, Brown Leather, 7.5 M US , Taryn Rose Women's Abriana Nappa/Soft Patent Ballet Flat, Black/Black, 7 M US , ECCO women's BLUMA Slip On SHOES Band Ballets Casual Flats BLACK US 6-6.5AGL Attilio Giusti Italy | Blue Suede Rhinestone Buckle Ballet Toe Flats 39 / 9 , Rockport Womens Loafers Size 8.5 Brown Leather Comfort Slip On Mocassin Style , Zara Women Striped Platform Derby Shoes Size 8 NWT , Eastland Women's Amore Slip-On Loafer, Brown, 10 W US , Franco Sarto Women's Blanchette Slip-on Loafer New Mushroom 6 M USBandolino Women's Lakita Loafer Flat,black,9 M US , JBU Women's Dune Encore Black Earth 11 B US , UIN Women's Monacan Girl Printed Canvas Walking Shoe Multicolored 8.5 , Franco Sarto Women's Sela 2 Mule, Camel/Black, 6 M US , Clarks Women's Kinzie Time Flat,Pewter Leather,7.5 M USPorts 1961 Bow Knot Suede Leather Sneakers Slip On 38.5 Sanders Vince ShoesLifeStride Women's Quintessa Ballet Flat, Black, 10 M USEarthies Women's Grey Printed Suede Essen 8.5 Medium US , Easy Street Women's Draft Ankle Bootie, Black/Snake, 7 M USChocolat Blu Womens Shoes Loafers DEAN US 6 Two Tone Brown Leather Slip on 557 ,
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 NEW Olive Street Women's Laser Cut Booties - Black Size 7.5 , Ladies Spot On Wedge Heel Boots The Style - F50333new ladies Tan Flat Inside Pocket Back Elastic Sexy Knee Boots Size 9Doc Marten brown classic low boots sz 4 EnglandBare Trap Areli Women Med Calf Boot Taupe Size 9NEW Womens Tan 1.5"Block Heel Spikes Sexy Combat Ankle Boot Size 5.5 , Camel Brown Suede Long High Heel Booths With Fur Size 6-7 , EUC Diane von Furstenberg US 8M Safari Black Leather Moto Style Mid-calf Boot A1Cole Haan Womens Low Ankle Boots Brown Suede Zip Brazil Mint Size 7.5 B $220$129 Naturalizer Women Metro Brown Faux Leather Motorcycle Style Boot sz 8 WIDE , Dansko Solstice Clog Shoes 9815450200 Brown Leather Womens Size Nice 7Women's LL BEAN BOOTS size 8.5CHAUSSURE MONTANTE KICKERS CUIR TAILLE 37 SHOES /ZAPATO/SCARPA TBEOriginal Car Shoe Chocolate Brown Suede Knee-High Boots Size 40 / US 9.5 ($785) , Marithé+Francois GIRBAUD 39 High Boots Scratch Bottes HautesTory Burch Velvet Quilted Billy Slipper in Blue Size 8 , Clarks Women's Teadale Rhea OxfordNWB Kelsi Dagger Freud Women's Blush/Black Loafers Flats sz 8Softwalk Women's Natchez Ballet Flat, Silver Wash, 6 N US , Nine West Xalan Wine Flats Size 8.5 Comfortable Work ShoeWomen's Shoes Franco Colli Black Leather Fringed Moccasin With Heel  FW 2017-201 , Fendi Studded Leather Loafers, Gold textured Leather, Womens Size 8.5 / 38.5Women shoes 2018 New Arrivals top fashion tennis feminino light breathable meshEastland Women's Sunset MLB Nationals Boat Shoe - Choose SZ/ColorFRANCO SARTO MILLICENT BRIGHT GREEN PATENT LEATHER DRIVING MOC WOMENS Size 6HERMES BALLET SHOES SIZE 9 LEATHER BLACK 10" LONG $1200 FLATS ITALYALDO Shoes 321004 Black 36Asics Gel Cumulus 18 womens shoes T6C8N 3906 new sneakers running aquamarineWomen's Gentle Souls Demi Suede Flat Flats , Nike WMNS Free TR Flyknit 718785-004 Black White Volt ,,Oreo" Sz 10.5 ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Womens Twisted X WDM0017 FLAG VFW Red White Blue VFW Mocs Twisted Toe FLAG Driving boat Shoes 9 M f3630dd Flats
Powered by VIP.