The Buzz
All markets and investing news all the time

Womens 5.5 boots Vtg Nine 27731 West Gray leather slouch Ankle cowboy western Ankle boots 73fede2

Item specifics

New with defects: A brand-new, unused, and unworn item. Possible cosmetic imperfections range from natural colour ... Read moreabout the condition
US Shoe Size (Women's): US 5.5
Material: Leather Width: Medium (B, M)
Pattern: Solid Heel Height: Low (3/4 in. to 1 1/2 in.)
Heel Type: Block Brand: Nine West
Occasion: Casual Style: Cowboy, Western
Fastening: Pull On Color: Gray
Country/Region of Manufacture: Brazil Shade: Medium Brown / Dark Tan

Womens 5.5 boots Vtg Nine 27731 West Gray leather slouch Ankle cowboy western Ankle boots 73fede2 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Womens 5.5 boots Vtg Nine 27731 West Gray leather slouch Ankle cowboy western Ankle boots 73fede2
Womens 5.5 boots Vtg Nine 27731 West Gray leather slouch Ankle cowboy western Ankle boots 73fede2 -

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%.

Womens 5.5 boots Vtg Nine 27731 West Gray leather slouch Ankle cowboy western Ankle boots 73fede2

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Womens 5.5 boots Vtg Nine 27731 West Gray leather slouch Ankle cowboy western Ankle boots 73fede2 -
About This Author
Womens 5.5 boots Vtg Nine 27731 West Gray leather slouch Ankle cowboy western Ankle boots 73fede2 -
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
01-77 Women's Bella Vita Raine Booties size 6.5 Mgrirls boots size 6 stars pagent, wedding , Bandolino Black Mid Calf Boots Women's Size 6 M. Worn Once!Aerosoles Aerial Brown Leather Wedge Rug Sole Heel Bootie Side Zipper Sz. 9Hot Tomato 10M Boots 4" Stiletto Heel Dark Brown Mid Calf Zippered Side NWTG By Guess metallic Gray/silver Ankle Boots Womens 3 inch Heel , LUCKY BRAND Beige Leather Side Zip Boot Shoes US 9.5 VGC , New Sz 6 Pink Clear Heels Over The Knee Womans Boots , Naturalizer Women's Westing Bootie, Black Leather, 9.5 M US , Womens Sloggers Red Garden Waterproof Size 6/ 36 Made In USA VGC , NWT White Mountain Koko Gray Suede Wedge Heel Fleece Lined Boots Womens Sz 9 1/2 , Colin StuartSexy Brown Tie up leather faux fur trim Stiletto boots 6 1/201-82 Women's Coconuts By Matisse Cecilia Booties size 10 MLa Canadienne Women's 18686 Ankle Bootie, Black Suede, 6.5 M USROXY 'JOELLE' BOOT 9M BROWN CLOTH 10" COMFORT POLY CASUAL BOOTS CUT IN HEEL MGKwomens BORN boots size 9 WinterMunro American Women's M60088 Ankle Bootie, Black Leather, 10 M US , Steve Madden Women's Prairie Western Block-Heel Booties 6 M Brown Boots Leather , Fergie 100% leather Boots Size 7.5 Dark Brown Nordstrom Tall Side Zip Fold DownBlack Enzo Angiolini 7.5 Ankle Boots , Women Fashion Slouch Boot Shoe Flat Mid-Calf Comfort Casual Stylish NEW All SizeNaughty Monkey Soft Grey Suede High Leather Boots, size 8.5Rocket Dog Boots 6.5 Brown Suede Leather Mid Calf Faux Fur Winter Size 6.5Womens AEROPOSTALE~Black COMBAT BOOTS size 7~BIKER~Fold Over CONVERTIBLERalph Lauren Polo Sport Women's Chelsea Rain Snow Boots SZ.6B BlueRSVP Black Platform Booties in women's size 5DbDk Estrella-1 Suede Pointy Toe Calf High Snap Cuff Wedge Boot-Size 6-NewQupid black camouflage combat boots fashion womens sz 6.5m , 02-2329 Chinese Laundry Tremendous Women Tan Over the Knee Boot SIZE 8 ,
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 BareTraps Ysidora Flat Comfort Ankle Boots, Gunmetal , Women's Chic Fringe Stacked Heel Round Toe Ankle Dress Boots in Black Brown TanBrown Leather Boots Tall Size 5.5 Knee-High Length Shoes Zip Zipper Heels , BASS BLIZZARD BLACK COLOR LEATHER FUR LINED BOOTS SIZE 9 THICK RUBBER SOLESam Edelman Kaleb Fringe Brown Taupe Suede Booties - Size 6 M , New BCBG SANDRA Women's Waxed Crosta Leather Ankle Boots Sage 10M MSRP $129 NIB , Vintage Black Leather Tall Equestrian Riding Boot Made in USA Women's Size 6 CVTG WOMENS DAN POST COWBOY LEATHER BROWN BOOTS SIZE 8.5 M , Carlos by Carlos Santana Womens Garrett Leather Closed Toe Over, Doe, Size 5.0Overwatch Angela Ziegler Cosplay Costume Pink Mercy Skin Boots Shoes , Eastland Womens Penny Loafer- Pick SZ/Color. , Women Shoes Leather Flat Marsel Glove Slipper Ballerinas Almond Toe Classic , Bar III Womens Penny Fabric Closed Toe Ankle Fashion, Nimbus Grey, Size 6.0 19RjMadden Girl Womens DEEON Closed Toe Over Knee Fashion, BLACK MULTI, Size 6.0 5dqAGL Attilio Giusti Leombruni Perforated Leather Woman Shoes SZ 42 (EU) 11M (US) , Womens VINCE. Snake Print Leather Slingbacks / Pointy Toe flats Sz. 7.5 M , Chatham Dove Womens Espadrilles in Leather and Denim , $365 AGL Ballet Flats 6 BROWN LAMBSKIN SHEARLING Italian Flats *Lovely* SIZE 6 , Elorie Pointed-toe Slingback Flats Nude Patent Leather Size 9.5 to 10 New in BoxAriat Women's Santa Cruz Mule - Choose SZ/ColorICON Womans Leather Chinese Artwork Golf or Walking Shoe - Size 8M NWOBHush Puppies Women's Adia Zelder Leather Flat , Brooks Adrenaline GTS 13 Womens 5 B Purple Green Running Walking Athletic Shoes , Faux suede Womens Slip on bowknot Creepers Platform Shoes sneakers Athletic szadidas Aero Bounce J Black White Onix Kids Junior Women Running Shoes BW1183 , Puma Fierce Rope Velvet Training Women's Shoes , Easy Spirit Women’s Black Leather Running/Hiking/Sport Shoes Size 10 $89A.N.A Womens Boots 023-7008 US 9.5 M Brown Leather Zip-Up Casual Knee High HeelHinge 'Devin' Black Leather Knee High Riding Boot Women Size 7.5 M , Brinley Co Women's Spiro Ankle Boot, Tan, Size 7.5 j5gb ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Womens 5.5 boots Vtg Nine 27731 West Gray leather slouch Ankle cowboy western Ankle boots 73fede2 Boots
Powered by VIP.