The Buzz
All markets and investing news all the time

SZ SZ MEDIUM ( 7-8) WINTER 7-8) BOOTS BOOTS FOR WOMANS cbe684d




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: good condition
US Shoe Size (Women's): 8 Brand: Unbranded
Color: Multi-Color Style: Snow, Winter Boots
Heel Height: Flat (0 to 1/2 in.) Width: Wide (C, D, W)

SZ SZ MEDIUM ( 7-8) WINTER 7-8) BOOTS BOOTS FOR WOMANS cbe684d - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
SZ SZ MEDIUM ( 7-8) WINTER 7-8) BOOTS BOOTS FOR WOMANS cbe684d
SZ SZ MEDIUM ( 7-8) WINTER 7-8) BOOTS BOOTS FOR WOMANS cbe684d - 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%.

SZ SZ MEDIUM ( 7-8) WINTER 7-8) BOOTS BOOTS FOR WOMANS cbe684d

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
SZ SZ MEDIUM ( 7-8) WINTER 7-8) BOOTS BOOTS FOR WOMANS cbe684d - hollisbaker.com
About This Author
SZ SZ MEDIUM ( 7-8) WINTER 7-8) BOOTS BOOTS FOR WOMANS cbe684d - 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 Women's Fashion Boots Red Lug Soles Shoes Winter Snow Ladies size 9 , XOXO Women's Rhodes Ankle Boot US7 UK4.5 EU38 Retail $69 , size 8.5 Carlos by Carlos Santana Helene Grey Heel Ankle Booties Womens Shoes , Carvela Women's Brown Suede Stiletto Heel Platform Ankle Booties Size*SAM & LIBBY BROWN FABRIC ANKLE BOOTS SIZE 6.5 MLadies Orange Spot On Baseball Style Wellie Ankle Boots F4357Black White Stiletto Heel Faux Leather Zipper Women Heels Ankle Booties Size 6Lot 3 Black White Red FOLDABLE FLATS RUCHED ROUND TOE BALLET FLAT FAUX LEATHERWomen Anton-1 Flat Mid-Calf Side Zipper BootiesLADIES SPOT ON DARK GREEN ANKLE BOOTS WITH STUD DETAIL F4349PINK AND PEPPER Womens ZIPIT Black Wide Calf Tall Boots US 6M (888448-332651)ETIENNE AIGNER WHITLE Leather Upper Slip On Silver Tan Buckle Flats Size 7 , Women's KadiMaya16YY09 Black Boots Size 8.5 , Fun Step Sherpa Lined Waterproof Duck Steel Shank Boots Sz 8 , ANNA MICHELLE Natural Ankle Boots Size 8.5 Heels 3.5" - Narrow - see listing , New Women's Fashion Mid Calf Boots Brown Camel winter snow Ladies shoes size 8.5Naturalizer "JULETTA" Comfort Black Leather M Shaft Boots Ladies Sz 9.5 , New Women's Khee High Fashion Boots Brown Biker shoes winter snow Ladies size 7Red / White england flag wellington boots - Factory SecondsLadies Spot On Zip Up Ankle Boots with Buckle Strap F4363Women's Size 7 Boots Black High Heelby Bamboo Buckles & Studded EmbellishmentsBlack White Stiletto Heel Faux Leather Zipper Women Heels Ankle Booties Size 9Bottines Laura Clément marron foncé boucle dorée taille 38 Talons 7 cms sexy +15Women's Khombu leather suede winter boots brown 9 faux shearing lined , Khombu Women's Ski team White Snow Boot 11M , Women Slouch Flat Boot with Zipper 5-10 , Franco Sarto Women's Brown Pointed Toe Kitten Flare Ankle Boots US Size 5 M , Camel Concealed platform high faux Suede ankle bootsNew Women's Khee High Fashion Boots Brown Biker shoes winter snow Ladies size 10
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 TAMARACK THINSULATE 200 GRAM LADIES 8 BOOTS EUC , Steve Madden Groove Womens Nude Patent Leather Platform Caged Sandal Size 9 $100Steve Madden Womens Bonus Black Ankle Boots Shoes 6.5 Medium (B,M) BHFO 5779 , HI-TEC Women's Bandera II Waterproof Hiking Boots Brown Size 8M , Nine West Women's Size 10 Black Leather Riding BootsWomen's Size 6.5 Boots Thigh High Wide Opening Leopard Print Cheetah Stretch Fit , Material Girl Womens Modiana Closed Toe Over Knee Fashion Boots Black Size 7.0Ivanka Trump Women's Pelinda Over-The-Knee Boots Size 8/8.5 Black , 31871 Skechers BOBS Pureflex 3 Catch Em Womens Slip On Alpargata Skimmer Flats , Vince Camuto windetta Leather Boot Flat Riding Buckle Gold Studed Bootie 6 MClassic shoes boots Europen woman ankle boots wedge brown 36 , FENDI US 8 shoes light brown red leather textile women ballet flats AV69 , Tapeet Vicini Women's Balet 05 Barolo Suede Camoscio Ballerina Flat , Beand New $145 Slingback Ballet Flats In Black Color 41861 SOLD-OUT!Trotters Womens Estee Ballet Flats - Size 10, Black SnakeJimmy Choo Champagne Beck Coarse Glitter Peep Toe Flat Shoes 10 1/2 B , Spring Step Women's Junita Ballet Flat Taupe Leather FlatsBrooks Women's PR LD 4:48 Track Spike 10 B US Euro 42VANS. AUTHENTIC Men's OTW LUDLOW Black Casual Shoes. US Men 7.5, 8.5, 10 & 11.Womens Cydwoq Brown Leather Hand Made Mary Jane Shoes Size 46 or US 13Tory Burch embossed gray Reva Flats Size 6 (sh10000Lacoste Ziane Purple tennis shoes~Ortholite Soles, Size 7 New in Box , Women's SKECHERS 11624R BKW BRAVOS Photo Finish Shoes Sneakers Black White New , Tory Burch TORY Miller Shearling SNEAKER Size 10 Shoe , Fila Womens Forward 3 Running Shoe- Pick SZ/Color. , Danskin Now Shoes Sneakers-Memory Foam 8.5M Navy Blue Lightweight Slip On , Women's TBS Marianne Noir FlatsWomen's Womans Boots BootsWomen's Red Head Duck Boots Thinsulate Zip Up Brown Size 7 , Korea Fashion Womens Platform Hidden Heels Warm Quilted Strap Shoes Ankle Boots
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
SZ SZ MEDIUM ( 7-8) WINTER 7-8) BOOTS BOOTS FOR WOMANS cbe684d Boots
692506
2163276
7674739
9119001
10319225
10404962
10899726
13701112
15689701
Powered by WordPress.com VIP.