The Buzz
All markets and investing news all the time

Bebe Leather localjoes-21222 Womens Multi Color Leather Ankle Boots Size 6 6 553388d

Item specifics

Pre-owned: An item that has been used or worn previously. See the seller’s listing for full details and ... Read moreabout the condition
Brand: bebe
US Shoe Size (Women's): 6 Width: Medium (B, M)
Shade: and tan Material: Leather
Color: Multi-Color Heel Height: High (3 in. and Up)
Style: Ankle Boots

Bebe Leather localjoes-21222 Womens Multi Color Leather Ankle Boots Size 6 6 553388d -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Bebe Leather localjoes-21222 Womens Multi Color Leather Ankle Boots Size 6 6 553388d
Bebe Leather localjoes-21222 Womens Multi Color Leather Ankle Boots Size 6 6 553388d -

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%.

Bebe Leather localjoes-21222 Womens Multi Color Leather Ankle Boots Size 6 6 553388d

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Bebe Leather localjoes-21222 Womens Multi Color Leather Ankle Boots Size 6 6 553388d -
About This Author
Bebe Leather localjoes-21222 Womens Multi Color Leather Ankle Boots Size 6 6 553388d -
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
BARE TRAPS Vana Women Ankle Boot Block Heels Size 6M Black Suede Leather , NEW GUIDE GEAR Women's Mid Bogger Rubber Boots Black Size 10INC International Concepts Lorinah Black, Size 11 M (I,1) , SPLENDID Women US 6M Burgundy Leather Boots Zip Up 3.25" Block Heel , Mossimo Womens boots BROWN size 8 , AEROLOGY BY AEROSOLES Women US8M Black Leather Saylor Ankle Boots Career Comfort , Munro American Womans Ankle Booties Size 7.5M Black Folded Cuff Leather , BANDOLINO Brown Leather Knee High Boots Women's Size 8.5Aj valenci boots Red With Silver Toes & Heels Size 8.5 Leather Upper , Qupid Charcoal Grey Over The Knee High Boots 6.5 Red Dress Boutique , STEVE MADDEN Monicaa Leather Studded Moto Calf Boots Booties Zip Stone Grey 7.5 , MEE TOO DARK BORDEAUX ANKLE BOOTS 8.5Women Heavenly Soles Brown Leather Boots Size 4 , Via Spiga Black Leather Ankle Boots Stiletto Heel Side Zipper Booties Size 7.5MRockport Buckled Chelsea Womens Leather Ankle Boot Black S 8.5 WaterproofSam & Libby Women Ankle Boots High Heel Deanna Booties Size 10Elie Tahari knee length boots 100% leather size 38/7.5 , Ride Tecs - Rubber Rain Cowboy Boots - Black & White - Women's Size 10 , Breckelles Women Suede Fringe Cap Toe Ankle Booties, Wine - 6 B(M) US , BRAND NEW WOMENS BLACK ANDIAMO SHARNI BOOTS ZEBRA STRIPED SIZE 9.5M 9.5 MItasca Womens Snow Boots Aspen Leather Waterproof Winter size 8ZODIAC WESTERN BROWN/ GRAY LEATHER COWBOY BOOTS WOMENS 7 M , Cinzia Araia Black Western Ankle Boots w/ Gemmed Tassels Women's Size 36.5 , J.CHISHOLM Women's Cowboy Boots Size 5 , Charlotte Russe Zip FAUX SUEDE W/FRINGE Ankle Boots Cuban High Heel SIZE 7NEW WOMENS SIZE 10 W 10W BLACK EVA BUCKLE BOOTS by BIJOU NEW YORKWomen's Northwest Territory Steel Shank Boots, Size 6M , Cole Haan Black leather middle calf Boots Sz 7.5 B , LADIES COMBAT BOOTS BLACK SIZE 7
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 Aerosoles Equestrian Waterride Classic Boot Black & Brown 8.5 , Nicole Orbit Women's Ankle Boots Size 7M Leather Uppers Brown Heeled ZipperedWEDGE LOW CUT ANKLE BOOTS COLOUR BlACK and BL( 8.5 MED )SUEDED STACK HEEL BOOTIE WOMEN WILSON-01-24 QUPID KHAKI , Skechers Australia Sherpa Lined Tan Camel Suede Boots Shoe 7 Pull on Winter SnowNaughty Monkey Zuzanna Ankle Booties Brown Suede Leather Wood Heel Size 7Justfab Dosha Burgundy Knee Boots Size 11 , Skechers Relaxed Fit: Bikers - Lineage Black Blk Womens Mid Top Shoe Size 6.5MBear Paw Elle Tall Boot- Women's Size 7, BlackWomen 36-43 Fashion Boots Slip-on High Heel long Boots Over the Knee Round ToeAlfani Womens Biliee Leather Round Toe Knee High Fashion Boots , Simply Vera Wang Black Danna Ankle Boots 6 , Bottines à Talons Compensés NAF NAF Daim Marron Clair T 41 TRES BON ETATSkechers Womens Cleo Sincere Ballet Flat- Select SZ/Color. , Louise Et Cie Andora Women's Black Leather High Boots US Size 7.5M ItemCurrent $219 Pikolinos Verona Bootie Cuero Leather Brown SIZE US 8 EU (38) , Carlos By Carlos Santana Claudia Wide Calf Boot SZ 6 , Bottine M.TOZZI chaussure à talon boots femme botte cavaliére chelsea CUIR 38 , NEW $238 JCrew COLLECTION Gemma Jeweled Glitter Flats Women's 8.5 E5118Stuart Weitzman Lounge Black Womens Shoes Size 8.5 M Flats MSRP $425SAS Womens Black Leather Mary Janes 7M NWOB Sr2 , Aquatalia Women's Sharon Pebbled Suede Slip-On Loafer - Choose SZ/Color , Outdoor fly knitting Sneakers Breathable Casual Sports Athletic Running Shoes 66Baskets Femme samples shoes ETNIES PLUS NINJA CAMO WOMEN , Women's Ladies s.Oliver 25390 Navy Boot Boots , Women's sporto womens boots Boots , SOFFT WOMENS BOOTIES BLACK SUEDE LEATHER ANKLE BOOTS ZIP HEELS SIZE 8.5M , London Fog Mid-Calf Womens Boots B SZ 8.5M 8.5 M Brown Leather Shoes , DANCLOG Dark Brown Oiled Leather Clog.. unisex shoe Mens 5.5 Womans 7 , *NEW!* Disney Minnie Mouse Slip On Sneakers Polka Dot Sparkle Bow Sz 7 SOLD OUT!
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Bebe Leather localjoes-21222 Womens Multi Color Leather Ankle Boots Size 6 6 553388d Boots
Powered by VIP.