The Buzz
All markets and investing news all the time

Sam Edelman 27175 Naharra Brown Edelman Leather Brown Heeled Boot Size 9 03a9b99




Item specifics

Condition:
Pre-owned: An item that has been used or worn previously. See the seller’s listing for full details and ... Read moreabout the condition
Style: Mid-Calf Boots
US Shoe Size (Women's): 9 Brand: Sam Edelman

Sam Edelman 27175 Naharra Brown Edelman Leather Brown Heeled Boot Size 9 03a9b99 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Sam Edelman 27175 Naharra Brown Edelman Leather Brown Heeled Boot Size 9 03a9b99
Sam Edelman 27175 Naharra Brown Edelman Leather Brown Heeled Boot Size 9 03a9b99 - 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%.

Sam Edelman 27175 Naharra Brown Edelman Leather Brown Heeled Boot Size 9 03a9b99

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Sam Edelman 27175 Naharra Brown Edelman Leather Brown Heeled Boot Size 9 03a9b99 - hollisbaker.com
About This Author
Sam Edelman 27175 Naharra Brown Edelman Leather Brown Heeled Boot Size 9 03a9b99 - 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
 
Olukai Kapa Moe Ankle Boots in Mustang Suede Size 9.5 New In Box , JUSTIN red leather roper western country cowboy womens boots sz 6.5 - 7.5 BLucky Brand Urbi Suede Ankle Booties, Women's Size 10 M, Sable NEW , NEW LAREDO WESTERN WOMENS 9.5 BOOTS CORA SNIP TOE LEATHER BROWN BLUE 52034Vintage Frye Womens Boots Black Pull On Kitten Heel Leather C2166 Size 5.5 M , J Crew Brown Leather Knee High Boots Size 9 Leather Lining MADE in ITALYNIB ORTHOFEET Orthotic Shenandoah BLACK Hook & Loop STRAP Ankle BOOTS Size 6.5XW , Jessica Simpson Essence Brown Knee High Boot 9M New , Mark & James By Badgley Mischka dallas black leather booties Size 9M.Nocona Boots Women's Sz 6.5 C Lizard Reptile Skin Cowboy Western Boots , Anne Klein Jeffrey Ankle Boot -Women's Size 8.5M BrownEarth Shoes Amethyst Bark Brown Leather Heeled Bootie Size 7Marc Fisher LTD Razzle Leather Booties, Women's - Size 9.5 M, Black , NEW STYLE & CO. WOMEN'S VENESA BLACK/BROWN RIDING BOOTS sz 5 (M) , Crush by Durango Women's Western BootMarc Fisher Suede Fringe Ankle Boots - Sade PICK SIZE NW , Cole Haan Country Womens Size 8 Narrow Black Riding Knee Boots Back Zip ShoesPleaser Funtasma Medic MED3028/BRPT Black / Red Medical Style Thigh High Boots N , Vasque Women's Monolith Ultra Dry Size 8 US Gargoyle/Silver Pine (VS18W-1) , Enzo Angiolini Sayin Women's Shoes Gray Leather Wide Calf Boots Sz 6 M NEW $200 , Mona Mia Eloisa Black Rainbow Snake Multi Color Open Toe Cowboy Cut Knee BootFrench Connection Black Leather Charlene Studded Metal Eyelet Bootie 7M New , Splendid Hamptyn Leather Ankle Booties, Women's Size 7.5 M, MapleWOMENS BOOTS SIZE 10 WIDE TOTES INSULATED WATERPROOF RETAIL$90.00NEWDV Dolce Vita Brown Leather Boots Women's US Size 7.5 (I,1)Jigsaw London Boots Made in Spain Sz 36 Brown Wingtip Side Zip Booties , Topshop Halston Buckle Boots Sz 9.5 Black Leather Sexy , Naturalizer Dawson Boots - Women's Size 8W, BlackArturo Chiang Reiden Fringe Side Zip Ankle Boots Size 10M
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 Lamo Chestnut Brown Suede Button Whipstitched Faux Fur Ankle Boots NEWSPORTO "WIND" Navy Suede Waterproof Fur Ankle Boots, Size 7M. Excellent Cond. , Sporto Girl Taupe Suede, Faux Fur Thermolite Ankle Boots. Size 7.5 M , Bottes Santiags SPIRAL Cuir Marron Nuancé T 38 BERoxy Sz 8 Roces Floral Rose Tooled Embossed Ankle Boots Booties , Minnetonka Fringe Suede Boots Size 9 Women Brown Moccasin Boot 3 Layer BohoVery Nice Brown Leather Dr. MARTENS Ankle Boots US 9Nine West Women's Quarrel Leather Boot, Dark Natural/Black, 8.5 M USTrotters Women's Blizzard III Snow Boot,Black/White,6.5 N US , DIRK BIKKEMBERGS ENGINEER BOOT BKR101596 Lavorazione Artigiana , INC International Concepts Tovie Women Boot (8.5M, Bright Red) , Bare Traps Womens Minay Closed Toe Ankle Fashion Boots, Brush Brown, Size 5.0 , BareTraps Vanassa Slip-on Casual Shoes BlackMERRELL Haven Insulated Winter Boot Gray Brindle Convertible Shaft Sz 11 ~J48384 , Fly London Yip Ankle Boot - Women's Size 11/11.5, Espresso Oil Suede , MS60 WOMEN'S SHOES 40 BALLET FLATS MARINO FABIANI BLACK 100% LEATHER , Rockport TWZ Welded Maryjane Black Walking Cushioned Shoes Size 5-10 Wide , ASICS Gel Blur 33 2.0 Running Shoes Women’s Size 6.5 US RN T2H8N Pink , stylish women embroidery floral flat heels round toe slipper loafer shoes casualCOLE HAAN Women's 2. ZERØGRAND Lazer Wingtip Oxford Size 10 Black Leather W05422 , Cole Haan Brown Leather Loafer Driving Moccasin Comfort Flat 10.5 B , AUTH Salvatore Ferragamo Women Varina Bow Flat Shoes 7BRyka Women's Devotion Plus 2 Cross Trainer BlackBrooks Womens Size 11 GTS 16 DNA Running Shoes Silver Aqua BlueWomen's TORY BURCH BALLET FLATS BLACK Flats , Women's Ariat Ammorette Womens Size 11 BootsWomen's Womans booties size 10 BootsWomen's IKRUSH Womens Newlyn Desert Boots Boots , Women Block Heels Over Knee Boots Bow Carved Tassel Pull On Pleated Casual Shoes , W NIKE AIR HUARACHE RUN ULTRA RS -NO BOX LID- SZ: WMNS 5 #AA0520 400
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Sam Edelman 27175 Naharra Brown Edelman Leather Brown Heeled Boot Size 9 03a9b99 Boots
2244940
4273985
4760435
7694455
10661070
11594622
13690464
15109121
15200854
Powered by WordPress.com VIP.