The Buzz
All markets and investing news all the time

Women's 27792 Designer Mid Calf Knee High Vintage Sty... Western localjoes-27792 Cowboy Combat Stacked Sty... df78cfe




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
Size: 6 B(M) US
Style: Does not apply Color: Black SV
MPN: Muse-01XX Black Sv Department: womens
Model: Muse-01XX Black Sv US Shoe Size (Women's): Does not apply
Brand: Qupid UPC: 096231783546
EAN: 0096231783546

Women's 27792 Designer Mid Calf Knee High Vintage Sty... Western localjoes-27792 Cowboy Combat Stacked Sty... df78cfe - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Women's 27792 Designer Mid Calf Knee High Vintage Sty... Western localjoes-27792 Cowboy Combat Stacked Sty... df78cfe
Women's 27792 Designer Mid Calf Knee High Vintage Sty... Western localjoes-27792 Cowboy Combat Stacked Sty... df78cfe - 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%.

Women's 27792 Designer Mid Calf Knee High Vintage Sty... Western localjoes-27792 Cowboy Combat Stacked Sty... df78cfe

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Women's 27792 Designer Mid Calf Knee High Vintage Sty... Western localjoes-27792 Cowboy Combat Stacked Sty... df78cfe - hollisbaker.com
About This Author
Women's 27792 Designer Mid Calf Knee High Vintage Sty... Western localjoes-27792 Cowboy Combat Stacked Sty... df78cfe - 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
 
Circus by Sam Edelman Jadyn Ankle Boot Black White Zig zag Animal Print Sz 9.5 MAmerican Living Womens KALLEE Leather Round Toe Ankle Cowboy Blk/Blk Size 6.5Nine West Womens Thomasina Leather Round Toe Ankle Fashion Black Size 5.5 8DMOWHITE MOUNTAIN Randall Women's Bootie Tobacco Size 9.5 7G7p , Brinley Co Women's Tisha Ankle Boot, Taupe, Size 7.5 DS5p , Dizzy Womens P-Picabow Rubber Almond Toe Ankle Rainboots Black Size 6.0 mLXCJournee Collection Womens Pixie Peep Toe Ankle Fashion Boots Nude Size 5.5BESTON FM37 Women's Stretchy Snug Fit Thigh High Side Zipper Block Heel Boots...Joules Womens FieldWelly Rubber Closed Toe Mid-Calf Rainboots Grey Size 4.0 Q2RIVER LADIES LEATHER SHORT BOOTS SIZE 7.5Blowfish Womens dundee Closed Toe Knee High Fashion Boots Black Size 10.0 hPLrFashion Red Warm Winter Snow Ankle Boots Waterproof Non-slip Shoes for Women-7.5Forever Women's Buckle Strap Block Heel Ankle Booties Tan 8.5Fashion Blue Warm Winter Snow Ankle Boots Waterproof Non-slip Shoes for Women- 9 , Bare Traps Womens danula Almond Toe Ankle Cold Weather Boots Black Size 8.0 b0 , Cape Robbin Benny Smoke Open Toe Block Chunky Clear Perspex Heel Ankle BootieIndigo Rd. Womens finn Fabric Open Toe Ankle Fashion Boots, New Sattel, Size 7.5 , Aerosoles Womens double trouble 2 Closed Toe Ankle Fashion Tan Suede Size 6.5 , Womens Sexy Red Round Toe Mid Calf Boots Fashion Strap Buckle Rain Boot Shoes yhAerosoles Womens double trouble 2 Closed Toe Ankle Fashion Navy Suede Size 5.5 , Sugar Women's SGR-Maybe Baby Ankle Boot, Black Micro, 6.5 Medium USRestricted Womens ALICE Closed Toe Ankle Fashion Boots Black Size 6.0 23Ms , Bare Traps Womens danula Almond Toe Ankle Cold Weather Boots Black Size 9.0 IP , Eight Second Angel Womens bailey double buckle Suede Almond Toe Black Size 8.0 , Sugar Womens Prodigy Closed Toe Over Knee Fashion Boots Tan Size 6.5 ggyvMaine Woods Shirley Faux Fur Lining Faux Leather Upper - 9M , Aerosoles Womens double trouble 2 Closed Toe Ankle Fashion Tan Suede Size 5.0 , Chooka Womens Flex Fit Elastic WIDE CALF Rubber Closed Toe Pebble Size 5.0 SN2 , Bella Vita Women's Klaudia Ii Ankle Bootie Tapestry Size 8.0 ,
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 7851642 LSPBTT50 Women's Shoes Size 7 M Brown Suede Boots Johnston & MurphyNaturalizer Black Leather Zip Ankle Fashion Boots Size 8.5 M Style S37 840NA57 , Very Volatile Womens Boots Size 8 Taupe Brown Tall Side Zip Studded Harness , WOMEN'S BAKERS ZENA HIGH HEEL KNEE HIGH LEATHER BOOTS-SIZE 8.5M-BROWN , Harley Davidson Women's Tan Harness Boots size 5 , London Fog Black Stripe Piccadilly Pull On Rain Ankle Boots 10 New , Bearpaw EMMA TALL Suede Mid-Calf Sheep Wool Lined Winter Boots Brown Sz 8-M , Lucky Brand Womens Lk-Keezan NuBuck Round Toe Ankle Fashion, Brindle, Size 8.0 o , MERRELL Ashland Chukka Women's Brown Sugar Leather Ankle Boots Size 7 NEW , NINE WEST BROWN FAUX CROC LEATHER BOOTS SIZE 7 1/2 Mmanas women amazing fur boots LOOPING size 39 made in ITALY FREE SHIPPING black , Marc Fisher Nio Women Boot (5M, Black) , Seibel Sandal Beige Leather Touch Fastener NEW , EEight Women's Ankle Boots Size 39 US 9 Maisie Suede Black Beaded $169 Spain , Earth Origins Womens Presley Black PU Sweater Double Zip Boots Size 8.5Vaneli Over knee Suede Boots New Size 8 $345 , TORY BURCH Off White Canvas Patent Leather Logo Sneaker- Women's Size 9M ( 1 , Nine West 25026824 Womens Zdeno Metallic Ballet Flat- Choose SZ/Color. , Tory Burch Metalic Montrose Leather Mules Slides Size 7Prada Men's Black Denim Leather Brogue Jute Platform Oxfords IT10/US11~RTL$850ASICS Womens Gt-1000 5 IndigoBlue/White/SafetyYellow Running Shoes Size 11Ecco Women's Size 9 Chase Brown Leather Casual Oxfords Shoes F6-306Dollhouse Women Beige Camouflage Rage Sneakers Size 7.5 , Nike 677136-001 Orive NM Casual Walking Everyday Shoes Sneakers Black Womens 6 , Women's Asics Fuzex Running Women's Shoes Athletic Shoes , Steve Madden Waterproof, Insulated Black Rubber Riding Boots Women's Size 6 , Ecote Wos Boots Tall US 6 Black Leather Canvas Braid Two Buckle MSRP $140 , Women Winter Casual Low-heel Belt Buckle Leather Knee-high Outdoor Knight BootsLucky Brand Betwixt Booties Ankle Boots Sandstone Suede Size 6.5M , Wmns Nike Free RN Flyknit 2018 Run White Black Women Running Shoes 942839-100
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Women's 27792 Designer Mid Calf Knee High Vintage Sty... Western localjoes-27792 Cowboy Combat Stacked Sty... df78cfe Boots
488617
1860986
7859694
9572086
10524014
12587261
12724152
13523038
15870778
Powered by WordPress.com VIP.