The Buzz
All markets and investing news all the time

Very G 27794 Booties Women's Cassidy Taupe Zipper Zipper Booties 033e603




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: Very G
Color: Taupe Style: Fashion Boots
Material: Synthetic Width: M
Model Number: VGLB0006-277

Very G 27794 Booties Women's Cassidy Taupe Zipper Zipper Booties 033e603 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Very G 27794 Booties Women's Cassidy Taupe Zipper Zipper Booties 033e603
Very G 27794 Booties Women's Cassidy Taupe Zipper Zipper Booties 033e603 - 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%.

Very G 27794 Booties Women's Cassidy Taupe Zipper Zipper Booties 033e603

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Very G 27794 Booties Women's Cassidy Taupe Zipper Zipper Booties 033e603 - hollisbaker.com
About This Author
Very G 27794 Booties Women's Cassidy Taupe Zipper Zipper Booties 033e603 - 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
 
New Coming Women's Martin Boots Anchor Flower Martin Boots For GirlNew Custom Fashion Girl Boots Mexican Embroidery Martin Boots For Women , Beauty and the Beast Princess Cool Girl's Canvas Martin Boots for Women WhiteWomens Steve Madden Cavvvo Taupe Leather Western Cowboy Fringe Ankle Boots 9 , NIB Clarks Black Swansea Grove Black Suede Ankle Boots New Sz 6Hondo Women's Size 5 Exotic Black Cherry Leather Western Boots , Nike 8 Women White Winter Boots with Pom Pom Tie and Zipper69% OFF NEW Womens STEVE MADDEN Turnerr Brown Leather Boot retail $190 , New Coming Women's Boots Banana Pattern with Shark Teeth Martin Boots For WomenMIZ MOOZ Cozumel Black Ankle Studded Leather Boots Size 7.5Calvin Klein Donnily Back Cross Stitch Riding Boots 968, Black, 5 US / 35 EUHarley Davidson Womens Size 9.5 US Square Toe Boots 4in HeelNIB OTBT Carlsbad Black Leather Combats Boots New Sz 6Stuart Weitzman Brown Leather Boots 9.5 , A2 by Aerosoles Women's Ride with Me Tall Boots ‑ Dark Brown - Size 8.5 WKamik Shawna Boots - Women's Size 7 - Tan OcreCatherine Catherine Malandrino Women's Driscoll Beige Leather Boot Size 7.5 , DR MARTENS BOOTS SZ 7 WOMENS MADE IN ENGLAND IN GREAT CONDITION , COLE HAAN black Textured & suede ankle Slip On booties sz. 8.5Christian Lacroix FCXL17505 Brown Suede Brunela Boots Size 8 , 67% off NEW SOFFT CLAREMONT 6 Fashion Riding Boots Brown Leather Retail $190 , NINE WEST 'Brienne' High Heel Almond Toe Gray Suede Booties Shooties 6M 7M , Bearpaw Womens Madison 1808W Boot Black , Women's Ariat Legend Square Toe Brown Black Two Tone Cowboy Boots Size 9 B 15828Fitflop Supermod Ankle Boots - Women's Size 6, Dark Cherry , Lucky Brand Women's Beeliner Sesame Oiled Suede Fringe Booties , Seychelles Black & White Leather Cowboy Boots Womens Sz 7 Pointed Toe Block Heel , Very Volatile MOTIVATE Ankle Bootie BLACK Size 8.5 BRAND NEW IN BOXNew York Transit Awesome Idea Women's Tall Boots-Women's size 11M Brown
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 WHITE MOUNTAIN Women US 8M Black Leather Jealous Mid-Calf Boot Zip Square ToeLands End Nylon / Suede Red Womens Size 7.5 Front ZipperWomen Copper Metal Boot Chain Bracelet Skull Shoe Charm Fancy Skeleton PirateWOMEN'S LADIES BLACK FAUX SUEDE FASHION PIXIE FLAT ANKLE BOOTS SHOES SIZE S-18 , Women's White Mountain Chuckle Gray Leather Fashion Knee High Boots Size 8 B , Madden Girl Party Ankle Boots - Women's Size 7.5, Black , Ash Womens Shoes Size 36 6 Taupe Gray Solid Suede Ankle Boots Casual , AR35 Coreene Cuffed Wedge Ankle Booties, Black, 8.5 US Display , New Women Qupid Ranker-09 Faux Suede Over The Knee Lucite Block Heel Boot , G by Guess Womens gift2 Almond Toe Ankle Fashion Boots White Size 9.5 exWlWinter Autumn New Womens Chunky Heels Ankle Boots Pull On Punk Shoes Fashion SzEnzo Angiolini Sayin Women's Shoes Gray Leather Wide Calf Boots Sz 6 M NEW $200CHARLES DAVID BLACK LEATHER KNEE HIGH PULL ON BOOTS SHOES HEELS 8.5 SEXY GOTHVince Camuto, Bocca, Black Vintage Tumble Leather Boots, Size 7M, With OrigionalSANCHO Mi Bottes Santiags Tout Cuir Noir T 41 TBEGEOX RESPIRA 41 BEIGE LEATHER SLIP ON HORSEBIT DRIVING SHOE MOC WOMEN USA 10.5 MNew Women Wild Diva Melanie-01 Glitter Pointy Toe Thigh High Stiletto Boot , Tory Burch Canvas Ballet Flats Size 7 Yellow Blue Retail 250$ , NIB $198 JACK ROGERS WORTH II Smoking Shoes RAFFIA ROSE/Sand FLATS SIZE 9.5MNWB US (7)Tory Burch Bright Navy Quilted Billy Slipper Smart Velvet Leather , FitFlop Womens F-Pop Ballerina Canvas Ballet Flat- Pick SZ/Color.NIB Jimmy Choo WHIRL Snake Python Cap Toe Ballet Ballerina Flat Shoes 36.5 / 6.5GREEN GEORGE women shoes Blue leather derby wingtip brogue made in ItalyNIB Melissa Glam + Wonder Woman NEW 2017 FLYGRL Collection Check Sizes & Colors , J Sport by Jambu Women's Radiance Water Ready Slip On Shoes Black , TORY BURCH BLACK BEIGE LEATHER SLIP ONS FASHION FLATS MOCS SHOES WOMENS SZ 10 M , Etienne Aigner Glaston Black Gold Buckle Loafers Slip On Flats Womens SZ 7.5MBrooks Women's Levitate Blue/Mint/Silver 7 B USPUMA Women's Vikky Platform Ribbon SneakerRebels Size 7.5 M Cash Grey Snake High Top Sneakers New Womens Shoes ,
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Very G 27794 Booties Women's Cassidy Taupe Zipper Zipper Booties 033e603 Boots
1069818
2006858
2457177
6470084
8053933
10697242
17343956
17727384
17975885
Powered by WordPress.com VIP.