The Buzz
All markets and investing news all the time

Women's Ladies 16875 Spot Boots On F50192 Boots F50192 Boots 7361284




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
Style: No data
Width: Various US Shoe Size (Women's) 1: Various size
Main Colour: Various Brand: Spot On
Fastening: Zip Up

Women's Ladies 16875 Spot Boots On F50192 Boots F50192 Boots 7361284 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Women's Ladies 16875 Spot Boots On F50192 Boots F50192 Boots 7361284
Women's Ladies 16875 Spot Boots On F50192 Boots F50192 Boots 7361284 - 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%.

Women's Ladies 16875 Spot Boots On F50192 Boots F50192 Boots 7361284

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Women's Ladies 16875 Spot Boots On F50192 Boots F50192 Boots 7361284 - hollisbaker.com
About This Author
Women's Ladies 16875 Spot Boots On F50192 Boots F50192 Boots 7361284 - 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
 
Women's WOMANS PATTERNED FASHION WELLINGTON BOOTS Boots , Women's Stylish Flat Flock Winter Boots BootsWomen's LADIES HORSE RIDING WELLINGTONS BootsWomen's LADIES COCO BLACK BOOTS L9326 Boots , Women's NEW LADIES "WOODLAND" WELLINGTONS Boots , Women's LADIES RIP CURL BROWN BOOTS BootsWomen's SHOES ladies Boots , Women's LADIES PURPLE WELLINGTONS "X1073" Boots , Women's BOOTS WOMENS SIZE 6 1/2 Boots , Women's Faux Leather Buckled Ankle Booties BootsWomen's Bottines Atika BootsWomen's Ladies Black/Grey CoCo Boots L9342 BootsWomen's womens shoes size 9 BootsWomen's Blowfish High Heel Ankle Boot BootsWomen's Women's Winter Waterproof Ankle Boots Boots , Women's WOMENS WINTER BUTTON BOOTS(EVA20) Boots , Women's Beautiful Suede Tall Boots~Size 6~EUC! BootsWomen's Womens Block Heel Over-The-Knee Boots BootsWomen's Ladies Snowfun Snow Boot BootsWomen's Leather women Boots BootsWomen's XOXO Women's Kimberlie Boot BootsWomen's Faux Leather Riding Boots Boots , Women's Rieker Schoko Mendoza Boot BootsWomen's WOMENS WINTER BUTTON BOOTS (T7083) Boots , Women's RAQUEL - Bikini BootsWomen's Maroon Heeled Booties BootsWomen's Ladies Sexy Boots Size 7 BootsWomen's women boots size 8.5 Boots , Women's HIGH Wedge High Heel Shoe 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 NEW Kensie Women's Short Ankle Brown Suede Boot, Garry,Various Sizes, Zip-up NIB , Ladies Spot On Mid Calf Length Boots , Clarks Muckers Waterproof Brown Leather Snow Rain Winter Hiking Shoes Boots Sz 6Michael Kohrs Womens' Tall Boot Sz 7.5 Brown Zipper Gold AccentsGuess Stiletto High Boots Brown Multi Size 7 , CAT by Caterpillar Women's Display Model Pixley Ankle Boot Peanut Leather 7.5 M , Women's Jellypop Ankle Boot- Gautier size 10Womens COLUMBIA OMNI-GRID WEATHERPROOF INSULATED BOOTS sz 10 snow winter , Reba Size 7.5 M Biker Brown Leather Mid Calf Cowboy Boots New Womens Shoes NWOB , Miz Mooz Leather Ankle Boots - Danita Chocolate 39 (8.5-9) , Chinese Laundry Women's Unnie Wedge Booties Whiskey Brown Size 8.5 MTARYN ROSE LADIES-SZ-9M-"DARLA" STRETCH NAPPA GREY , SPRING STEP FIREFLY-CA - FIREFLY Size: 36 Euro (Women US 5.5-6) - Color: Camel_MTory Burch MariTime Ankle Wrap Ballet Flat 9.5 Navy Sea / Paradise BlueWomens Leather Round Toe Pumps Flower Decor Ethnic Retro Slip On Loafers ShoesDark Brown MEPHISTO COOL-AIR Fisherman Roman Sandals Flats Sz. 8.5 FRANCENaot Kirei Mary Jane Flats Metal Grey Pewter Womens Shoes Size US 7 , Ted Baker Women's Dabih Ballet Flat , Aravon Women's Jodi - Choose SZ/ColorBeverly Feldman Femme Ballet Flat Size 8 NIB Retail $210 , Bottega Veneta New sz 39.5 - 9.5 Designer Womens Gold Flats Sandals Shoes $750 , FINN COMFORT SHOES SOIANO STONE LEATHER WOMEN'S FINNCOMFORT GREY WOMAN MARY JANE , NWBTory Burch Laila Leather Ballet Driver Flat Navy Sea Size 6 M. , DVS Premier Jacquard WOS Womens Wos Skateboarding Shoe- Choose SZ/Color. , Reebok Hayasu LTD Black Camo Women Studio And Dance Shoes Sneakers BS8273 , ADIDAS ORIGINALS TUBULAR VIRAL S75915 WOMEN'S LIFESTYLE SNEAKERS SIZE 1O USSkechers Glider Electra Grey Mint Bungee Knit Slip on Sneakers 9.5 39.5 NEW , Brooks Adrenaline GTS 13 - Running Training Athletic Blue/Gray Women's Size 9.5D , Beautiful Michael Antonio Tall Knee High Heel Hidden Platform Taupe Boots Sz 9 , Nike Air Max LD ZERO Shoes Sneakers All White 896495-100 Womens Size 8.5 ,
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Women's Ladies 16875 Spot Boots On F50192 Boots F50192 Boots 7361284 Boots
567552
1010349
2420180
3013305
4886042
6310943
10968892
12236463
18862176
Powered by WordPress.com VIP.