The Buzz
All markets and investing news all the time

SALAMANDER Bottines 27700 Boots Fourrées Cuir localjoes-27704 TTBE Noir T 7.5 UK/ 41 TTBE ad3804c

Item specifics

Condition: Pre-owned :
An item that has been used or worn previously. See the seller’s listing for full details and description of any imperfections.See all condition definitions- opens in a new window or tab
Seller Notes: En très très bon état
Motif: cuir plissé Hauteur du talon: 2 à 7 cm
Style: bottines boots Couleur dominante: noir
Pointure: 41 Matière: Cuir
Marque: Salamander SALAMANDER: Bottines boots cuir noir t 41
EAN: Non applicable

SALAMANDER Bottines 27700 Boots Fourrées Cuir localjoes-27704 TTBE Noir T 7.5 UK/ 41 TTBE ad3804c -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
SALAMANDER Bottines 27700 Boots Fourrées Cuir localjoes-27704 TTBE Noir T 7.5 UK/ 41 TTBE ad3804c
SALAMANDER Bottines 27700 Boots Fourrées Cuir localjoes-27704 TTBE Noir T 7.5 UK/ 41 TTBE ad3804c -

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%.

SALAMANDER Bottines 27700 Boots Fourrées Cuir localjoes-27704 TTBE Noir T 7.5 UK/ 41 TTBE ad3804c

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
SALAMANDER Bottines 27700 Boots Fourrées Cuir localjoes-27704 TTBE Noir T 7.5 UK/ 41 TTBE ad3804c -
About This Author
SALAMANDER Bottines 27700 Boots Fourrées Cuir localjoes-27704 TTBE Noir T 7.5 UK/ 41 TTBE ad3804c -
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
Justin Cowboy Boots Womens Black Leather Stitched Western London L4903 7CHunter Womens Original Tall Rubber Rain Boots Military Red Shoe Size 6Spring Step L'Artiste Tapestry Brown Womens Display Model Boots 37 (US: 6.5-7)Rampage Shoes Size 10 M Womens New Estafania D2559 Black Knee High Fashion Boots , Bearpaw Katniss Black Suede & Sheepskin Ankle Boot 9 40 NEW , New Stuart Weitzman Airliner Cutout Ankle Bootie Boot Black Size 9.5 USVintage 70s Hippie Zodiac Caramel Brown Leather Womens Pull On Boots Sz 5.5M USAHarley Davidson Womens Black Leather Ankle Rider Buckles Boots 7 , Guillaume Hinfray NIB Brown & Black Leather Wood Grain Print Ankle Booties SZ 40BLACK-RED LEATHER 100% BALLET PUMPS SIZE 10-16 HEELS-8,5"- PRODUCER- POLANDWomen Ladies Round Toe Ankle Boots Stud Mid-Heel Autumn Winter Shoes Booties ZipStuart Weitzman Copper Leather Mid Calf Boots Size 9 MMarc Fisher Navy Blue Suede & Stretch Frenchie Ankle Boots NEW , Fly London Tram Black Gold Womens Leather Slingback Sandals ShoesSigerson Morrison Knee High tight Boots Tall Suede Stretch Heel Black 9 B , Calvin Klein Poloma Women's Leather Side Zip Knee-High Wedge Boots Shoes , NEW Børn Gallinara Tall Boot in Grey Suede, Women Size 7 $245 , Handmade Ladies Chocolate Brown Narrow Sq Toe Western Boots - 2625 - Size 8 , Dr. Doc Martens Women's Les Fur Lined Chukka Boot BLACK Size 8 US NWOB RockerLucky Brand Women's 'Galvann' Ankle Booties Size 8 Black Suede , Hunter for Target Women's Pink Size 8 Waterproof Ankle Rain Boots SOLD OUTFranco Sarto Mushroom Brown Suede Chain Detail Brandy Ankle Boot NEWSole Society Skye Fennel Taupe Suede Ankle Boot 11 NEW , Clarks Originals Women 8 Blue Suede Desert Yarra Boots Wedge , CHACO MARA Womens 7.5 / 38.5 Brown Leather Buckle Zip Waterproof Boots c40Steve Madden Womens Sady Tall Knee High Pull On Strap Equestrian Riding BootsMERRELL 'Forecast Tug' Green Suede Leather Fleece Lined Boots Women's Sz. 6 , Justin Ladies' Lizard Vamp Leather Western Boots in Blue 5B USA Made , New Gianni Bini Womens Grey Suede Leather Ankle Boots Colony Grey NIB Size 9
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 gorgeous COUP DE ETAT gleaming chestnut red-brown leather side zip boots 7.5 WCroc Jaunty Rain Boots Size 10Miz Mooz Michelle Womens Size 39 Peep Toe Ankle Booties Zipper Side Cutout US 9H by Halston Gored Tall Shaft Boots - Naomi pick size color newSteve Madden Womens Georgie, Black Patent, Size 6.5 ru28Sporto Size 6 Blue Rain Boots Rainboots Faux Fur New Womens ShoesPRIALPAS GOMMA WOMEN'S HIGH BOOTS SOFT FOLDING SHAFT SIZE 7Pleaser 7.25" Heel Black Mary Jane Strap Platform Pumps Club Fetish Anime 6-12 , ESCARPINS TALON HAUT CHAUSSURES FEMME CUIR NOIR & BLANC T 36 NEUVESG by GUESS Size 9.5 White Flats with Stone Accent Bow New Womens Shoes , ABOUND Lainee Black Leather Tall Stretch Wedge Boots Womens Size 8 M *Clarks "Gelata Flora" Casual Booties M- Pick SZ/Color.Dansko Professional Navy Blue Crinkle Patent Leather - US 8 - was $135Pikolinos Maryjane Style Shoes, Comfort And Breathable, Sandia Brown Leather, 38Cole Haan soft Leather Loafers Penny Slip On SIZE 11 B , Flex & Go Olivia Womens Comfortable Leather Shoes Made In Portugal , Stuart Weitzman Jelly Flats Sz 7 Silver Detailing NWOT CUTE!tricot COMME des GARCONS Shoes 604520 Black 23.5cmTOD'S WOMEN'S LEATHER LOAFERS MOCCASINS NEW BLACK 3B4 , Tory Burch Lowell 2 Ballet Leopard Print Size 8.5 , FINN COMFORT-sensitive feet, ISCHIA Womens 10 US (7 1/2 UK) S-W-40Ermanno Scervino White/Navy Blue Sneakers, size 37, made in ItalyNEW CHACO LEATHER SLIP ON LOAFER SHOES WOMENS 10 SHITAKE ZAAGH VIBRAM GUNNISONCLARKS Womens gracelin lea Closed Toe Mules, Red Leather, Size 11.0adidas Women's W Adistar Lite Boa Clgrey Golf Shoe - Choose SZ/ColorWOMEN'S CONVERSE Stud Leather Chuck Taylor All Star black 561682C*NEAR MINT RARE* Puma TFX Gray/Purple Spiked 'Complete Running' Shoes Womens 8 M , Propet Women's TravelActiv Fashion Sneaker,White,8.5 4E US , Safe T Step Oil & Slip Resistant Non Marking Women's Black Comfort Shoes 7 1/2 , PHILIPP PLEIN SPORT BETSY NEW SHOES SNEAKERS 100% AUTHENTIC ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
SALAMANDER Bottines 27700 Boots Fourrées Cuir localjoes-27704 TTBE Noir T 7.5 UK/ 41 TTBE ad3804c Boots
Powered by VIP.