The Buzz
All markets and investing news all the time

stunning cuff ANA brown pebble leather cap toe brown 2 2 buckle cuff boots 7.5 224ccaa

Item specifics

Pre-owned: An item that has been used or worn previously. See the seller’s listing for full details and ... Read moreabout the condition
Style: Moto Boots
Width: Medium (B, M) US Shoe Size (Women's): US 7.5
Color: Brown Heel Height: High (3 in. and Up)
Brand: a.n.a Material: Leather
UPC: Does not apply

stunning cuff ANA brown pebble leather cap toe brown 2 2 buckle cuff boots 7.5 224ccaa -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
stunning cuff ANA brown pebble leather cap toe brown 2 2 buckle cuff boots 7.5 224ccaa
stunning cuff ANA brown pebble leather cap toe brown 2 2 buckle cuff boots 7.5 224ccaa -

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%.

stunning cuff ANA brown pebble leather cap toe brown 2 2 buckle cuff boots 7.5 224ccaa

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
stunning cuff ANA brown pebble leather cap toe brown 2 2 buckle cuff boots 7.5 224ccaa -
About This Author
stunning cuff ANA brown pebble leather cap toe brown 2 2 buckle cuff boots 7.5 224ccaa -
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
Rockport Womens Shoes Size 10 Gray Metallic Leather Wedge Snow Winter Boots , Cole Haan City Womens Shoes Size 10 Black Solid Suede Ankle Boots Casual , Ladies Spot On Inside Zip Low Block Heel Knee High Boots F5R0316G.I.L.I. Black Leather Kodelle Straps Pointed Toe Ankle Boot 8 SALE GiliLadies Hush Puppies Leather Cowboy Style Ankle Boots 3" Heel Style MOORLAND ANK , Bottes à clous CLOSER style Motard Cuir Noir T 40,5 TTBE , Bottines DORKING Cuir Noir T 39 TRES BON ETATFRANCO SARTO Leather Calf High Western Stitched Cowboy Boots~Brown~Size 7.5New Cougar Stoked Red Black Polka Dot Rain Boot Booties Shoes 8 NWT WaterproofLADIES SPOT ON DRESSY FASHION ANKLE BOOTSLadies Spot On Wedge Trouser Boots with Back Zip and Elastic Panels 10723Womens Ladies High Heel Round Toe Embroidery Ankle Boots Retro Thick Heels Shoes , LADIES SPOT ON GREY TEXTILE PULL ON CHELSEA ANKLE BOOTS STYLE - F50571 , J Crew Womens Shoes Size 8 Black Solid Leather Ankle Boots Casual , WOMENS 7 B M NATURALIZER CANADA BLACK LEATHER SHEEPSKIN LINED WARM BOOTS , Ladies Spot On Metal Trim Knee High Boots F50872PIER ONE Boots Cuir Vert Doublées Cuir T 38 TTBELadies Shoes Suede Leather Med Block Heels Pumps Zip Up Ankle Boots US Size b265 , Ladies Spot On Long Leg Boots with Buckle Strap Trim and Inside Zip 50242Womens Retro Ethnic Round Toe Floral Ankle Boots Non-slip Casual Dance Shoes I32 , Ladies Party Shoes Ripped Denim High Heels Pumps Zip Up Ankle Boots US Size b263 , Ladies Spot On Ankle Boot with Fringe Trim and Back Zip 50490 , Ladies Anne Michelle Knee High Boots Style F50680So Cal Tall Boots Size 8 , LES P'TITES BOMBES - Pointure EUR40 - Bottines AUDE, Coloris : NoirPedro Garcia Womens Shoes Size 39.5 9.5 Black Solid Leather Booties Casual , LADIES REEBOK THINSULATE ADVENTURE TRAINER BOOTS BROWN/GREEN STYLE - CANYONARO , Born Black Leather Mid Calf Boots Shoes 7.5 US 38.5 EU Monk Strap Buckle TrimWomen's Cowboy boots, Size Eur 40, US 8.5, Joe Sanchez black Leather
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 BOGS OSMOSIS MID MT CAMO BROWN HIKING TRAIL SHOES BOOTS 6 M LADIES , tamika-32 Fashion Ankle Buckle Party Prom Casual Winter Women Boots Taupe 5.5-Women's Nine West Watch Me Size 7.5M Ankle Calf Boots Brown Leather Zip Up H8 , SeaVees Women's 02/60 7 Eye Trail Boot Black Pull Up Leather Boots NEW Size 5.5Tod’s Calf Leather Ankle Boots High Heels Size 9/40 Made In Italy F0064 , Clarks Wedge Ankle Boots Womens Size 8.5 Suede Purple Side Zip Booties-5389NEW! Covington 25663 Womens Minka Black Boots 449A 449B a , Womens Winter Snow Ankle Boots Fur Lined Casual Waterproof Outdoor Cozy Shoes , Ecco Brown Leather Riding Boots Size 38 US BROWN LEATHER BOOTS ECCOKEEN Women's CSA Canby WP Aluminum Toe Work Boots GARGOYLE/VAPOR Size 6MLAND'S END Womens All Weather Boots size 10 Suede Fabric Quilt Zip Insulated NWTWomens Stripe Pattern Casual Stretchy Mid Calf Boots Fashion Casual Sneaker ShoeNEW *PENNY LOVES KENNY* "Krista" Brown Tall Boots 10 NIB$350 NWB Hunter Darby Boots Very Berry Women's 5.5 MediumTHERAPY WOMEN'S VOLENTE PEEP TOE BOOTIE - BLACK SIZES 5-10I17-FR2 WOMEN'S SHOES 42 LOAFERS FABIO RUSCONI BROWN 100% LEATHER MADE IN ITALY , Vince Blair Slip On Perforated Leather Shoes Women's Size 6.5M, Black 321Vogue Womens leisure round toe flat slip on Loafers Leather Casual Walking ShoesCL by Chinese Laundry Women's Succeeding Boot Black Size 7.5 eg9NRock & Candy Women's Danlea Snow Boot, Brown, 7M US , TIMEBRLAND EARTHKEEPERS 225640 blue / gray leather fashion sneakers sz. 5.5 W , Hogan HXW2090O26066WG071J Classic Shoes Women's Multicolor US , Fendi Black Patent Loafers Size 8 - Made in ItalyEasy Spirit Women's Travelport Mule Blue 8 B(M) USWomens Athletic Fashion Sneakers Wedge Heel Boatshoes Summer Breathable Shoes SZ , Women's Carlos santana boots 7.5 BootsWomen's Public Desire Ankle Boots Suede BootsNew Womens Sole Sense Ability Grommet Faye Boots Style Faye Black 133ADR SCHOLLS WOMENS SIZE 11 M BLACK SUEDE Leather ANKLE zip BOOTS BOOTIE SHOESRyka Women's Sky Walk Silver/Blue Mesh Sneakers ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
stunning cuff ANA brown pebble leather cap toe brown 2 2 buckle cuff boots 7.5 224ccaa Boots
Powered by VIP.