The Buzz
All markets and investing news all the time

Propet Womens Delaney Ankle Bootie, Bootie, Propet Navy, 6.5 localjoes-27007 N US 33a619d

Item specifics

New with box: A brand-new, unused, and unworn item (including handmade items) in the original packaging (such as ... Read moreabout the condition
UPC: 886374728890
Weight: 2.25 pounds EAN: 0886374728890
Dimensions: L 11.42 x W 8.7 x H 4.09 inches Brand: Propét
Label: Propet MPN: WFV002S
PartNumber: WFV002S-410-6.5 Narrow US Binding: Apparel
ProductGroup: Shoes ClothingSize: 6.5 2A(N) US
ISBN: Not Applicable Color: Navy
US Shoe Size (Women's): 6.5 2A(N) US Department: womens
Style: Not Applicable

Propet Womens Delaney Ankle Bootie, Bootie, Propet Navy, 6.5 localjoes-27007 N US 33a619d -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Propet Womens Delaney Ankle Bootie, Bootie, Propet Navy, 6.5 localjoes-27007 N US 33a619d
Propet Womens Delaney Ankle Bootie, Bootie, Propet Navy, 6.5 localjoes-27007 N US 33a619d -

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%.

Propet Womens Delaney Ankle Bootie, Bootie, Propet Navy, 6.5 localjoes-27007 N US 33a619d

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Propet Womens Delaney Ankle Bootie, Bootie, Propet Navy, 6.5 localjoes-27007 N US 33a619d -
About This Author
Propet Womens Delaney Ankle Bootie, Bootie, Propet Navy, 6.5 localjoes-27007 N US 33a619d -
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
CLARKS Women's Leisa Ashley Mule, Brown Leather, 6 M US , Soludos Men's Smoking Slipper Loafer - Choose SZ/Color , Proenza Schouler Womens Espadrille Flat Grey Grafiti Size 40 M US PS25044 , CLARKS Women's Teadale Rhea Beige Suede 7.5 B US , Naturalizer Women's Imagine Moc Loafer FlatsHush Puppies Women's Epic Mary Slip-On LoaferDark Brown7.5 M USJambu Women's Spain Flat Black Earth 8 B(M) US , Roper Women's Daisy Driving Style Loafer - Choose SZ/Color , Hush Puppies Women's Trope Slip On, BlackEastland Women's Sunset MLB Pirates Boat Shoe - Choose SZ/Color , Nine West Women's Shay Fabric Pointed Toe Flat , Easy Spirit Eseveline Casual Shoes - Women's Size 7.5, BrownDansko Women's Charlie Fashion Sneaker, Black Leather, 40 EU/9.5-10 M USDr. Scholl's Women's Frankie Mesh Flat - Choose SZ/ColorEasy Spirit Women's Jaletta Slip-On Loafer , Naturalizer Women's Clarissa Slip-on Shoe Black 8 W US , Retro Leather Fur Lined Womens Warm Slippers Flat Metal Decoe Single Shoes , Merrell Women's Dassie Slide Slip-On Shoe, Charcoal Brown, 6.5 M US , Calvin Klein Women's Machia Ballet FlatCLARKS Women's Medora Frost Mary Jane Flat,Navy,6.5 W US , ECCO Women's Babett Slip-On Dress Sandal , Carlos by Carlos Santana Women's Sydney Gladiator SandalSkechers Work Clog SR-Puako Women's Slip On , CLARKS Women's Everlay Eve Slip-On Loafer, Black Nubuck, 7 M USDr. Scholl's Women's Sadie Platform WedgeHush Puppies Women's Heaven Slip-On ShoeFitFlop Women's Suede Tassel Superballerina Ballet Flat , Cole Haan Women's Tali Bow Stud Loafer, Red Velvet, 7.5 B USSkechers Sport Women's Women's Dlite Ultra Sneaker ,
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 Ladies Low heel ankle boots with cross buckle strapsKenneth Cole Reaction Women's Sup Gurrl Burgundy Booties 5.5M , Lucky Brand Jofeen Ankle Booties 269, Dark Earth, 8.5 US / 38.5 EU , Women's Bearpaw Emma Short Brown Suede Mid-Calf Boots Shoes Size 7 M , REPORT Russi Women's Round Toe Wedge Taupe Ankle Bootie - Suede Look - Size 8.5 , Roman Womens Western Block Heels Boots Buttons Knee High High Heels Cowgirls , CAMPER Women's Leather Side-Zip Suede Mid Calf Boot Sz 10 US , Y women ladies suede side zipper cuban heels pumps ankle boots shoes size 4.5567Arnaldo Toscani 9026504_MOZART boots Women's - colour Brown US , Isaac Mizrahi Womens Chetah Texture Leather Wedged Ankle Boots 8 , Custom hand painted boots Pink FloydBCBGeneration BCBG Size 6.5 B Vance 2 Vance2 Leopard Ankle Boots Womens ShoesClarks Maypearl Tulsa Ankle Booties 168, Black, 8.5 US / 39.5 EU , LArtiste APRIL-BM - APRIL Size: - Color: , Dr. Comfort Merry Jane Women's Dress- Orthopedic Mary Jane- Beige 7.5 (Reg $139) , Lanvin Ballerine Classique Ballet Flat Beige NudePW Minor Airloft Wish - Women's - Navy/Spiced Coral - All Colors - All Sizes , Jslides - Women's Jslides Heather Blue Canvas - Pink , SKECHERS Relaxed Fit Breathe Easy Lucky Lady Mary Jane Walking Shoes Size 8 EUCEasy Spirit Women's Devitt Loafer Navy Leather FlatsThierry Rabotin Grace ballet flats size 38 us 7.5Birkenstock Arizona 35N L 4 M 2 Metellic Stones CooperAtelje 71 Women's Judson Dress Sandal, Cool Grey, 10 M US , Bzees Women's Kiss Slingback Blue Multi Marble Print Sport SandalsNike Womens Air Zoom Fit 2 Running Trainers 819672 Sneakers Shoes 001Vans Old Skool Platform Sepia Rose NEW! RRP$130 Womens US5.5-10.5 , Women's RAINBOOTS, TRETORN, WHITE, SIZE 39 Boots , Women's Black Jubilee Stiletto Ankle Boots Sz 8 99% Cond. Free Shipping USA , Aerosoles Womens Hole Of Fame Mid Calf Boot Dark Brown Leather & Snake 5.5 M USDansko Marcelle Woodgrain Brown Leather Mary Jane Shoes Clogs 42 10.5 11 11.5 ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Propet Womens Delaney Ankle Bootie, Bootie, Propet Navy, 6.5 localjoes-27007 N US 33a619d Flats
Powered by VIP.