The Buzz
All markets and investing news all the time

DKSUKO Lightweight Rain Boots for 26767 Womens Waterproof Mid Calf Fashion Rain Waterproof Black 3b7a9b6

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
Product Dimensions: 12.4 x 11.4 x 3.9 inches
Style: Hiking Boots Shipping Weight: 2.2 pounds
Brand: DKSUKO Item model number: DKSUKO

DKSUKO Lightweight Rain Boots for 26767 Womens Waterproof Mid Calf Fashion Rain Waterproof Black 3b7a9b6 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
DKSUKO Lightweight Rain Boots for 26767 Womens Waterproof Mid Calf Fashion Rain Waterproof Black 3b7a9b6
DKSUKO Lightweight Rain Boots for 26767 Womens Waterproof Mid Calf Fashion Rain Waterproof Black 3b7a9b6 -

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%.

DKSUKO Lightweight Rain Boots for 26767 Womens Waterproof Mid Calf Fashion Rain Waterproof Black 3b7a9b6

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
DKSUKO Lightweight Rain Boots for 26767 Womens Waterproof Mid Calf Fashion Rain Waterproof Black 3b7a9b6 -
About This Author
DKSUKO Lightweight Rain Boots for 26767 Womens Waterproof Mid Calf Fashion Rain Waterproof Black 3b7a9b6 -
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 Block Heels Ankle Boots Buckle Strap Pumps British Oxford Faux Suede Shoes , Womens Patent Leather High Block heel Platform Cosplay Shiny Over The Knee BootsGothic Womens Punk Buckle Roma Boots Platform DS Ankle Boots DJ Play Shoes Size8 , THE NORTH FACE Heatseeker 200 gr Insulated Womens Brown Winter Snow Boots US 7 , Kenneth Cole Women's Jenny Leather Boots-New With DefectsWomens Rivet Zipper Buckle Pointy Toe Shoes Low Chunky Heels Plus SZ Ankle Boots , Women Shoes Block Slim Stretch Knitting Ankle Boots Block Casual Chunky Zsell , Hot Sale New Womens Mesh Hollow Hidden Wedge Heels Peep Toe Summer Sandals ShoesPunk Gothic Womens Platform Shoes Motocycle Ankle Boots High Block Heels , Size US 4-13 Women's Block High Heel Side Zipper Bowknot Ankle Bootie Lady PumpsWomens Sweet Bowknot Low Wedge Heels Pull on Snow Winter Warm Ankle Boots ShoesRetro Womens Faux Suede Knee High Boots Lady Winter Buckle Flats Shoes Plus Size , Ladies Tassel Block Ankle Boots Back Zips Round Toes Faux Leather Shoes PumpsWomens Knee High Boots Pull on Casual Boots Shoes Flats Faux Suede Riding Boot , New Womens Ankle Boots High Heels Platform Zip Party Faux Suede Plus Size ShoesWomen's flat Platform Over Knee High Boot Pull On Sneaker Roma Shoes plus sz , Madden Girl Womens Cristy Knee High Engineer Buckle Boot Synthetic Black Sz 6.5 , Women's faux leather round toe ankle boots bowknot rhinestones block heels shoes , Soda Women's Soong Faux Fur Lining Snow Ankle Boots, Beige Ice, 5.5 M USWomens Mid Heels Snow Buckle Belt Mid Calf Boots Faux Suede Warm Winter Shoes , Propet Blizzard Winter Ankle Boots Side Zip Black Leather Faux Fur Womens 6 B M , Womens Warm Fur Lining Ankle Boots Zipper Korean Retro Shoes Round Toe High TopElegant Rivets Women's Round Toe Block Low Heels Side Zipper Ankle Boots Ths01Autumn Martin Women Locomotive British Round Black Leather Patent Anklet Boots , Women's Stiletto high Heels platform Over the Knee High Boots Shoes tall bootsHot Sale Womens Pointed Toe Knitting Pull On Ankle Boot Casual Shoes Low Heel SzRetro Womens Classic Suede High Heels Tassels Fringe Zipper Shoes Pumps Gothic , Stylish Women round toe chunky low Heels Casual knight Knee High Boots Plus SizeWomens Snow Fur Lined Wool Fringe Knee High Boots Tassel Gothic Shoes Wedge Heel ,
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 B.O.C. Denali BLACK ANKLE BOOT WITH BACK ZIPPER SIZE 7M NEW , Woman boots Pons Quintana Made in Spain, 4523 Cuero, size EU38BCBG BCBGeneration Women BG-Joesana Suede Platform Bootie Shoe, Black, US 8.5 , SAM EDELMAN WOMANS ZOE BOOTS WEDGE LEATHER ANKLE HARNESS SIZE 7 7.5 8 8.5 9 NEW , Sam Edelman Petty Booties, Women's Size 5 M, PuttyJack Rogers Chloe Classic Womens Rain Boot- Choose SZ/Color.Vince Camuto Keyna Women's Black Bootie 11M , Cowgirl Boots OLD WEST Black Paddock Boots, item #RL9010Z , Natural Soul Womens Harvard Closed Toe Ankle Fashion Boots, Dark Taupe, Size 6.0Kensie Suede Open-toe Booties Side Fringe - Erika PICK SIZE NWPureSole Sammy Grey Leather Faux Fur Lined Moto Ankle Boot 9 NEW , Steve Madden Women's Shoe Ecentrcv Fashion Sneaker Floral 9.5CORKYS Elite~Red Teal Leather Multi Color Clog Mule Slip-On Shoes~10M~BRAND NEWDiba Womens Beth Bootie Fabric Pointed Toe Ankle Fashion Boots Black Size 8.5 , Jessica Simpson Womens Pacifika Pointed Toe Mid-Calf, Black LXPTSC, Size 9.5 xc7 , women military boot black studs buckle knee high combat boot , $388❤️ Frye Paige Tall Buckle Brown Biker Motorcycle Riding Boots 77066 Womens 8Earthies Blackened Copper Leather Flats / Shoes Wm's 10 , CLARK'S Women's Patty Tayna Mule Black Leather 8 W USAUTHENTIC LUXURY PRADA SHOES PUPMS 1X101E BLACK NEW US 7.5Bally Women's Navy Block Heel Shoes Size 9MKaty Perry Womens The Matillda Blush Nude Fashion Sneaker Size 8 (35700)VANS New Palisades SF Vault Lady size USA 7 , Mephisto Runoff Air-Jet Women's Taupe/White Leather Comfort Walking Shoe 9MNike Classic Cortez - Women's White/Red Crush Leather 07471108Adidas Supernova Riot, Women's Sizes 9-11 Medium, Green Glow/Solar Gold, NEW , Women Mixed Colors Thick Sole High Top Sneakers Strappy Casual Shoes Vogue Sbox1Women's Dansko Women's Professional Mule Flats , Justin Womens Black Leather Roper Boots Cora L3703 Size 6Aadidas Women's Pharrell Williams PW Tennis HU Shoes DB2859 Green Size 9 ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
DKSUKO Lightweight Rain Boots for 26767 Womens Waterproof Mid Calf Fashion Rain Waterproof Black 3b7a9b6 Boots
Powered by VIP.