The Buzz
All markets and investing news all the time

Women's Women Women's Boots Beige Tall 27788 Boots Boots 236f47b

Item specifics

Condition: Pre-owned :
An item that has been used or worn previously. See the seller’s listing for full details and description of any imperfections.See all condition definitions- opens in a new window or tab
Seller Notes: Slightly worn. Check pictures of reigns of wear!
Brand: "Handmade" Width: Medium (B, M)
Style: Fashion - Mid-Calf Color: Beige
US Shoe Size (Women's): 9

Women's Women Women's Boots Beige Tall 27788 Boots Boots 236f47b -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Women's Women Women's Boots Beige Tall 27788 Boots Boots 236f47b
Women's Women Women's Boots Beige Tall 27788 Boots Boots 236f47b -

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%.

Women's Women Women's Boots Beige Tall 27788 Boots Boots 236f47b

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Women's Women Women's Boots Beige Tall 27788 Boots Boots 236f47b -
About This Author
Women's Women Women's Boots Beige Tall 27788 Boots Boots 236f47b -
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
Women's Ariat Women's Cruiser Castaway Sneaker Comfort Shoes , Women's Aetrex Melanie Women's Sandal Comfort ShoesWomen's adidas N-5923 W Womens Trainers Comfort Shoes , Women's Alegria Viki Women's Sandal Comfort ShoesWomen's Dyeables Women's Rosa Platform Pump Comfort Shoes , Women's Ariat Women's Cruiser Sneaker Comfort Shoes , Women's Aravon Women's Revsmart Oxford Comfort Shoes , Women's Clarks Women's Kelda Spring Slingback Comfort Shoes , Women's Comfortiva - Womens - Lyons Comfort ShoesWomen's ECCO Women's Soft 7 Sneaker Comfort ShoesWomen's Ariat Women's Delilah Work Boot Comfort Shoes , Women's Oasis Women's Zoey Black Slingbacks Comfort Shoes , Women's Oasis Women's Zoey Brown Slingbacks Comfort Shoes , Women's Oasis Women's Chrissie White/Silver Sneakers Comfort ShoesWomen's JESSICA SIMPSON..OVER THE 5.5 BootsWomen's Gorgeous Sonoma Mules 7.5 Boots , Women's etienne aigner Ankel Boots BootsWomen's Wild Orchid Stiletto’s Boot Boots , Women's donald j pliner boots BootsWomen's Knee high Faux -suede boots Boots , Women's AR35 Rylie Ankle Boots, Sand Boots , Women's Women's Tan Boots BootsWomen's TAHARI.."HARPER"..BLACK..SUEDE 6 BootsWomen's Suede Womens Booties Boots , Women's Henry Ferrera Short Rain Boots BootsWomen's Leather women's boots size 6.5 BootsWomen's RAMPAGE Women's boots brown 9.5 Boots , Women's Static Footwear SELENA-51 Womens Shoes BootsWomen's NEW GINEVRA WOMENS ANKLE BOOTS Boots ,
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 Black Cat Fashion Women High Top Platform Shoes Punk Style Girls Casual ShoesQupid Womens Static-17 Strappy Buckle Closed Toe Bootie Low Heel, Grey, 6 M US , WOMENS ACME COWBOY LEATHER BURGUNDY BOOTS SIZE 7 M , MIA Laure women's size 7M Brown Studded Western Cowgirl Boots , DREAM PAIRS Women's Ramona Black Low Wedge Heel Ankle Bootie Size 9 M USCLARKS Womens Brown Leather PLAZA STEER Tall Shaft Boots Size 5.5M (26104788) , Nature Breeze Knee High SuperSuede Black Boots Size 5.5 to 10 - Size 6.5 , VTG SNOWLAND Womens 7M boots WINTER SHOES SHERPA LINING FAUX FUR SHELL EXCELLENT , Arturo Chiang Fedra Coffee Brown Leather Ankle Boots 6.5 , Salpy Boots Women's Size 8 Leather Suede Knee Roll Over Block Heel , Jessica Simpson Lessy Dark Multi Floral Satin Pointed Toe Over Knee Dress BootsVegan Arcopedico Lisa Mary Jane Flats Red, size = US 9TOPSHOP Mighty Black Leather Zip Moto Biker Boots, Women’s Size US 8.5Bare Traps Flurry Suede Fur Lined Ankle Boots Women's 8.5M Winter Warm Shoes EUC , Fergalicious Womens Harvey Fabric Peep Toe Ankle Fashion Boots Doe Size 12.0 , HARLEY-DAVIDSON Vintage Brown Leather Platform Motorcycle Boots Women's Size 7.5 , Dansko Professional Clog Antique Brown Oiled Leather - US 9 - was $125Earthies Clare - Women's Ballet Flat Spicy Red - 8.5 Medium , Alegria Brown Gracie Leather Jill Mary Jane Comfort Shoes 36 5.5 6 NEW , DERBIES EN CUIR BLANC DECOUPE "TOMETTES" ROBERT CLERGERIE T.36 , Women shoes ballerina leather and fabric model IRAN Us 3 to 12 , NIB Vince Warner Nubuck Leather Platform Slip-On Sneaker Black sz 7.5 (37.5-EU) , FINN Comfort | Germany | Soho Black Quilted Patent Leather Walking Shoes | US 8 , SeaVees Women's 10/67 Ocean Park a-Line Moccasin Sneaker Black 9.5 UK/9.5 M USSkechers Women's Go Run 600 Reactor Sneaker,Skechers Synergy 2.0 Simply Chic Black White Womens Trainers , Lacoste, 24SPW2318-02H, Brier CIW SPW LTH BLK/BLK , Fila Womens Memory Multiswift 2 Running Shoe- Pick SZ/Color.NIKE ZOOM RIVAL S Fuchsia & Lime Athletic Running Cleats Womens Shoes Sz 8 �b1Brown Ankle Boots Booties High Chuncky Heels Womens Size 7 ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Women's Women Women's Boots Beige Tall 27788 Boots Boots 236f47b Boots
Powered by VIP.