The Buzz
All markets and investing news all the time

Lucky Women's Brand Women's Lucky Kaarina Kaarina Fashion Boot 946158f




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: Lucky Brand
US Shoe Size (Women's): 6 M US Style: Ankle & Bootie
Color: Black MPN: LK-KAARINA-1-6 Medium US
Size: 6 M US Width: Medium
Model: LK-KAARINA UPC: Does not apply
EAN: 0190955465631

Lucky Women's Brand Women's Lucky Kaarina Kaarina Fashion Boot 946158f - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Lucky Women's Brand Women's Lucky Kaarina Kaarina Fashion Boot 946158f
Lucky Women's Brand Women's Lucky Kaarina Kaarina Fashion Boot 946158f - 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%.

Lucky Women's Brand Women's Lucky Kaarina Kaarina Fashion Boot 946158f

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Lucky Women's Brand Women's Lucky Kaarina Kaarina Fashion Boot 946158f - hollisbaker.com
About This Author
Lucky Women's Brand Women's Lucky Kaarina Kaarina Fashion Boot 946158f - 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
 
Nine West Gabble Boots tan 8.5M , Seven Dials Oriole Women US 8.5 M Black Fabric Winter BootMaterial Girl Women's Melation Boot (6, Black)Dr. Scholl's Womens charlie Almond Toe Ankle Fashion Boots Black Size 6.0 af21Kelsi Dagger Tempest Brown Black Leather Printed Calf Hair Ankle Boots, 7.5Bogs Women's Linen Print Dark Grey Rain Boot 7MWomen's Inc Black Faux Leather Knee High Fashion Boots Size 5.5 $179 , White Mountain Lefty Womens Size 6 Brown Faux Suede Fashion Knee-High Boots , Call It Spring Women's Lovelarwen Ankle Bootie, Taupe, 9 B USJessica Simpson Womens JS-WOVELLA Fabric Almond Toe Black Velvet Size 8.5 Lqmi , WOMEN'S JESSICA SIMPSON WHITE LEATHER SLOUCH WESTERN BOOTS BRAZIL 8.5 MRP 159.00 , Kamik Womens Jessie Rubber Closed Toe Mid-Calf Rainboots Grey Size 9.0 bhgU , Bare Traps Womens callipso Round Toe Knee High Fashion Boots Black Size 7.0 svWEATHERPROOF Mikayla Closed Toe Mid-Calf Cold Weather Boots, Black, Size 6.5Carlos by Carlos Santana Womens hacey Closed Toe Mid-Calf Inkwell Size 9.0 A3lFAITHSOLO BOOTS 6 HIGH HEEL BOOTS 6 BLACK LEATHER BOOTS 6 FAITH SOLO BOOTS 6Material Girl Women's Elation Boot (6.5, Taupe) , Material Girl Women's Melation Boot (6.5, Black) , Bare Traps Womens lainey Closed Toe Mid-Calf Fashion Boots taupe Size 6.0 P0fqStyle & Co Tiny Womens Size 5 Gold Faux Suede Winter Boots , Rocket Dog Women's Tansy Mid Calf Boot Grey Fabric 6.5M , Madden Girl Women's Klaim Ankle Bootie, Taupe Fabric, 7.5 M USFergalicious Womens Paisley Closed Toe Ankle Fashion Boots Black Size 9.0 n6zAWomen Pointy Toe Elastic Gore Chunky Block Heel Ankle Booties Boots Shoes , Bare Traps Womens Oudrey Closed Toe Knee High Fashion Boots Black Size 7.5 ZG1Bare Traps Womens Fabulous Closed Toe Ankle Rainboots Black Size 9.0 nYTG , Helly Hansen Workwear 8" Bergen Women's Black/Green WP STCP Work Boot 8MStyle & Co. Womens Witty Mid-Calf Leather Cold Weather Boots, Brown, Size 5Vasque Breeze 2.0 Women's Gargoyle/African Violet Hiking Boot 8M
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 Women Refresh Tildon-03 Faux Suede Round Toe Chelsea Bootie , Daniel Green Womens Shoes NEW $50 Odessa Brown Textile Suede Fur Boot 8 M , IKRUSH Women's Daisy Studded Peep Toe Sandal Size in GREY Size 7 , New Women's Call It Spring Canvas Black Ankle Wedge Boots with Buckle Size 6.5Karen Scott Majar Women's Boots, Grey, Size 7.0Aerosoles Teleport Ankle Boots 002, Black Suede, 8 USSketchers Australia Tall Suede Boots Gray Womens Size 9 Velvet Faux Fur Lining , Worthington Autumn Winter fashion leather zip dress boots brown point toe 7Natural Soul Women's Blair Burnsh Riding Boots (Black) US11MBearpaw Womens Emma Tall Boot 612W OliveJosef Seibel Sienna Women's Shoes Black Leather Chelsea Booties Size , Keen 10.5 Brown Leather Insulated Winthrop Dry Side Zip Boots , Liliana PATINA-38 Black Peep Toe Cut Out Ankle Boot Rhinestone Detail StilettoWomen Sweet High Heels Ankle Boots Pointy Toe Ruffle Pull on Casual Ladies Shoes , Old Friend Women's Denise Wide Moccasin Slip On Shoes Chocolate Brown PM447502 , Musse & Cloud Women's Ciara Boot, Cue, 36 EU/5-5.5 M USNEW Free People Island Cruiser Taupe Suede Bandle (Boot Sandal) Size 36 37 38 39 , Dr. Martens Womens Phoebe Chelsea Boot Cherry Red Canvas 10, 11 B(M) USANNE KLEIN COUTURE VTG Sz 9M Black Suede Leather Victorian Fringed Ankle BootsBlack Canvas Dr.Martens 8-Eyelet Boots with Pink Floral detail 5.5-6 36 , Tory Burch Reva Brown Patent Leather Logo Toe Ballet Flats Shoes Womens 11 M , BRUNELLO CUCINELLI NEUTRAL LEATHER MONILI TASSEL ESPADRILLE FLATS 39.5 IN BOX , Wanted Shoes Women's Eiffel, Black, 6.5 MEasy Street Women's EVA Fashion Sneaker - Choose SZ/ColorNew Balance Fresh Foam Zante V3 Vintage Indigo/Sea Salt/Gum Rubber WZANTON3 , Women's Nike Roshe One Casual Shoes Black/White/Dark Grey 844994 002Bernie Mev Women's Catwalk Multi Stretch NylonNautica LW0014 Womens Lubec Fashion Sneaker- Choose SZ/Color. , Colen Haan Size 7 Mid-calf Brown BootsNew Womens Shoes Mid Calf Boots Faux Suede Round Toe Retro High Platform Wedge
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Lucky Women's Brand Women's Lucky Kaarina Kaarina Fashion Boot 946158f Boots
1543
482550
4614386
5772888
5935939
10865362
13805114
17904931
18151983
Powered by WordPress.com VIP.