The Buzz
All markets and investing news all the time

Easy localjoes-27798 Street Bendable Women's Darcy Black Bendable Black Shootie a57c541




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: Easy Street
Heel Height: Low (3/4 in. to 1 1/2 in.) Style: Shootie
Material: Manmade Color: Black

Easy localjoes-27798 Street Bendable Women's Darcy Black Bendable Black Shootie a57c541 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Easy localjoes-27798 Street Bendable Women's Darcy Black Bendable Black Shootie a57c541
Easy localjoes-27798 Street Bendable Women's Darcy Black Bendable Black Shootie a57c541 - 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 localjoes-27798 Street Bendable Women's Darcy Black Bendable Black Shootie a57c541

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Easy localjoes-27798 Street Bendable Women's Darcy Black Bendable Black Shootie a57c541 - hollisbaker.com
About This Author
Easy localjoes-27798 Street Bendable Women's Darcy Black Bendable Black Shootie a57c541 - 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
 
WOMENS SHOES BLACK RAMPAGE FRINGE KNEE-HIGH SCRUNCH BOOTS NEW 10 , L.L.BEAN STORM CHASER LOW BOOTS LIGHT BROWN SIZE 10 M EXUC , Women Casual Fashion Sneakers Wedge Heel High Top Shoes Black White 5408_Eg , MRKT MARK-ET HALLIE SUEDE FAUX SNAKE LEATHER PULL ON KNEE HIGH BOOTS WOMEN'S 6 MNew G By Guess Women Asella Pink Sequins Shoes Boots sz 6.5M$215 NWB Joe's Jeans February Chocolate Ankle Boots Women's 7 MediumWomen’s Sofft Florina Black Leather Ruched Zip Heels Ankle Boots Nordstrom Sz 6 , $115 KHOMBU BIRCH LOW 2 Black Faux Fur Trim Designer Winter WaterProof Boot 6Rampage Size 7 M Astrid Brown Faux Fur Ankle Boots New Womens Shoes , Tahari Cessie Women NEW Size 8 M Knee High Boots Black LeatherREPORT LINDSEY LEATHER QUILTED FAUX FUR WEDGES PULL ON KNEE HIGH BOOTS WOMEN'S 9Charles David Classic Black Suede Pointy Toe High Heel Boots Shoes Booties 9.5 , Vintage Pleaser Black Leather Spike High Heel Over Knee Thigh Boots 8 , Vince Camuto Karita OTK Fudge Brownie Toto Leather Elastic Riding Boots $239 5.5BEARPAW 906W BIANCA TALL II BROWN SUEDE PULL ON MID-CALF WINTER BOOTS WOMEN'S 11Rare EUC Steve Madden Steeep US 10M Brown Suede Wedge Pull-on Ankle BootSperry Top Sider Women's Black Cedar Black Wide Shaft Knee High Boots Size 6.5M , J SHOES CLAUDE LEATHER PLATFORMS PULL ON HIGH HEELS ANKLE BOOTS WOMEN'S 8 , Easy Street Womens Darcy Closed Toe Ankle Fashion Boots, Black/Gore, Size 8.0 , WOMENS SHOES SAND BEIGE ROXY MILITARY BOOTS BOOTIES NEW US 7.5KICKERS Bottines boots Cuir Bleu Ciel T 36 TTBESporto Duck Boots 10 Steel Shank Rain Insulated Waterproof Leather UpperJuicy Couture Black Fuzzy Pom Pom Winter Stylish Boots Sz 10 , $175 NWB Joe's Jeans Flower Black Fashion Ankle Boots Women's 6 MediumWomen's Aerosoles "Ruf N Tumble" Brown Leather Boots Side Zip Mid-Calf Size 10Dolce Vita Gideon Women's Black Suede Pull On Straight Roper Ankle Boots Sz 8.5Style & Co. SC35 Madixe Wide-Calf Riding Boots, Cogna, Cogna, Size 8.5Bottines Boots marque FILLES Cuir et Daim Noir T 40 TBE , ZARA NEW AW17 EMBROIDERED KITTEN HEEL SLINGBACK SHOES 6236/201 US6.5,EU37
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 WOMENS SEYCHELLES COWBOY LEATHER/FABRIC BLACK BOOTS SIZE 10 , Ladies Black Spot On Ankle Boots UK Sizes 3 - 8 F50353Jellypop Women's Nastia Engineer Boot, Black, Size 8.5 , Barefoot Freedom Women's Ashton Bootie, Black Leather, 6 W USJUSTIN WOMENS 5.5 B L3056 GRAY LEATHER WESTERN ROPERS COWBOY BOOTS , Poetic License Betsey's Buttons Tweed Oxford Heels 40.5 US 10 Green Brown Ribbon , Steve Madden Women's Yvette Ankle Bootie, Black Suede, Size 8.5 OFVILucky Brand Women's Fantine Fashion Low Boot Tapenade 8 MAerosoles Testimony Faux Leather Mules, Women's Size 9 , Tony Little Cheeks Navy Blue Water Repellent Sporty Sneaker Ankle Boot 9 NEW , $268 size 6.5 Donald J Pliner Cayto Black Leather Ankle Boot Womens ShoesCalvin Klein Jenny Zip Up Pointed Toe Ankle Boots, Dark Brown, 7 USGianni Bini Ankle Boots Booties Brown Leather Brogue Heels - Womens 8Bandolino Women's Booties Shoes Willaria Pointed Toe Black Leather 7.5MMi Bottes PATAUGAS Cuir Noir T 38 TRES BON ETAT , Bottines STRADE VARIE Tout Cuir Noir T 38 TBE , Carlos by Carlos Santana Brie Ankle Booties, Black, 7.5 US / 37.5 EUJIL SANDER NEW BLACK/PLUM SUEDE LOAFERS/FLATS - 39Women Leather Square toe Fur Lined Slip on Loafers Flats Mules Winter Warm Shoes , FERRAGAMO Shoes 8 VARINA Bow Taupe Cap Toe Ballet FLATS *EXCELLENT* SZ 8 , NIB AGL Grommet Mist Grey Suede Leather Ballet Flat Shoe 39/US 9 Attilio Giusti , ECCO Womens felicia Closed Toe Loafers Black Size 7.5NIKE Pegasus Orange Running Womens sneakers size 10ALEXANDER MCQUEEN Poppy skull embroidery Duchesse satin flats Womens Size 7 / 37 , Hispanitas Chica Multi Color Leather And Suede Slip On Flats Womens Size M , Women Sequin High Top Wedge Sneaker Heel Leisure Trainer Bling Bling Shoes VogueWomen's Boots. Women’s Shoes Apparel BootsNOW! Soda Women's Pull Tabs Almond Toe Rider Knee-High Block Heel Tall BootsMarc Fisher Womens Hydra Ankle Bootie Brown Suede Size 9.5 M US , TREDSAFE Black Textile Slip On Loafers Work Shoes Women's Sz. 10 ,
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Easy localjoes-27798 Street Bendable Women's Darcy Black Bendable Black Shootie a57c541 Boots
1271249
3127014
6086065
6225852
9833216
11155120
15882290
15981107
17973425
Powered by WordPress.com VIP.