The Buzz
All markets and investing news all the time

Rocket Dog Women's Sayla Rocket localjoes-26947 Vintage Worn PU Western Sayla Boots - Mushroom 686212d




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
UPC: Does Not Apply
Width: Medium (B, M) Brand: Rocket Dog
Heel Height: Med (1 3/4 in. to 2 3/4 in.) Style: Cowboy, Western
Material: Synthetic

Rocket Dog Women's Sayla Rocket localjoes-26947 Vintage Worn PU Western Sayla Boots - Mushroom 686212d - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Rocket Dog Women's Sayla Rocket localjoes-26947 Vintage Worn PU Western Sayla Boots - Mushroom 686212d
Rocket Dog Women's Sayla Rocket localjoes-26947 Vintage Worn PU Western Sayla Boots - Mushroom 686212d - 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%.

Rocket Dog Women's Sayla Rocket localjoes-26947 Vintage Worn PU Western Sayla Boots - Mushroom 686212d

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Rocket Dog Women's Sayla Rocket localjoes-26947 Vintage Worn PU Western Sayla Boots - Mushroom 686212d - hollisbaker.com
About This Author
Rocket Dog Women's Sayla Rocket localjoes-26947 Vintage Worn PU Western Sayla Boots - Mushroom 686212d - 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
 
Reebok Classic CL Leather Clean Exotics Women's Shoes Black/Chalk V68796 , Womens Snow Boot Nylon Short Fur Rain Winter Quilted Snow Warm Boots US 5-10 , The North Face Women's 9 Primaloft 200 Gram Insulation Brown Boots WaterproofBare Traps Paramount Black Tall Shaft Riding Boot NEW , My Hero Academia All Might Cosplay Shoes Boots Custom Made , New! 8100 Melrose Black Leather 3 Buckle Biker Platform Mid Calf Bootb4b COLUMBIA Minx Slip II Womens 8 / 39 Omni-Heat Pull-on Waterproof Snow Boots , Women Casual Fashion Sneakers Wedge Heel High Top Shoes Black White 5405_IC , GUESS WOMEN'S DAKODA RIDING BOOT SIZE 6.0 GREAT DEALMARC JACOBS shoes heels rain pink boots 38 8H by Halston Grey Leather Pointed Toe Rachel Wedge Boot NEWHokkaido-3 Over Knee Thigh High Snake Skin Pointed Toe Stiletto Heel Boots , Steve Madden Pammie Black Leather Pointed Toe Bootie 8.5 New , Zara Women Kitten heel mules with bow US7.5,EU38, 7236/201Franco Sarto Brown Distressed Leather Domino Ankle Boot 9 NEW , The North Face Thermoball Women's Size 8 BLUE Micro Baffle Winter Boots (A01)Isaac Mizrahi Wilder Cognac Brown Leather Ankle Boot NEW , Vintage Woman's Brown Ankle Boots Size 7.5 Booties , Bumper Belle-04 Suede New Women Round Toe Fur Shearling Foldable Boot , Victoria's Secret Colin Stuart Winter Fashion Fur Boots Sz. 7New Palladium Tan CAMO ARMY PAMPA HIGHT Boots Canvas Casual Desert Shoes 38 US 7Alberto Fermani Brown Suede Chunky Heel Ankle Boots Size 39 9 , Women Casual Fashion Sneakers Wedge Heel High Top Shoes Black White 5405_0C , BCBG Womens Hans Light Brown Pull-on Equestrian Fashion Cowgirl Knee High Boots , BCBGeneration 9 Black Suede Laser Cut High Heel Ankle Boots , Women High Heels Stilettos Pointy toe Leather Knight Over Knee Thigh Boots Shoes , Eddie Marc Buckle Heel Boots Coffee with Buckle Size US 9 , Nine West Women's Black Tall Boots Silver Buckle Knee High M Dipper Size 8 M , NIB Emu Australia Women's Featherwood Hi Merino Wool Boots in Chestnut. Size 6M
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 Ladies Forever Black High Heel Boots size 7Women's Naturalizer Black Leather Fashion Ankle Boots Size 7 M , Twiggy London Black Leather Studded Moto Pull On Ankle Boots 6.5 NewNEW Report Signature ISLAH Tall Wedge Fashion Boots Black Suede sz 6.5 , Coconuts By Matisse Black Calf Boots Layered Heel Side Buckle Zip Black 9M BoxPre-Owned Women's Terrain Leather Uppers Boots With K-Grip Soles 8M--Beige/Tannew ladies Tan 1.5"Low Hidden Wedge Side Buckles Sexy knee Boot Size 8.5Enzo Angiolini Women's Boots - Black - Size 7 M$277 NEW Marc Fisher Kattie Size 10.0 M Dark Brown Ankle Boots , Clarks Bendables Dream Regal Boots Women's Tall Taupe Suede/Leather Zip Sz 8.5 MMuk Luks Women's Patti Ankle Boots (1050) Medium Brown Size 6TRIPPEN Germany - Women's art Leather CLOSED Ankle Boots DIESEL  blue EU39 US8.5GAP Black Leather Pointy Booties Size 9.5NEW Louise Et Cie Andora Women's Black Leather High Boots US Size 8 M Shoes , NEW MUNRO AMERICAN DANTE BLACK LEATHER WOMEN'S SHOE 10 WW 1-1/2" HEELCOLE HAAN Womens Pinch Weekender Suede Marine Blue Leather Shoes US 7 NWBMUNRO AMERICAN 226575 black leather Mary Jane low wedge shoes sz. 10 SS , Dansko 1700027200 Womens Veronica Ankle Bootie /6.5-7 M- Choose SZ/Color. , Christian Louboutin Black Leather Eloise Ballet Flat Size 40.5 10.5 Pointy $575 , NIB MARC JACOBS BLACK PATENT LEATHER ROUND TOE BOW BALLERINA FLATS 39 ITALY , Asics Gel Enhance Running Training Womens Size 10 M Pink Gray Athletic ShoesASICS Gel-Kanbarra 5 White/Lightning/Green Women's Sneakers 8MSam Edelman Beaded Suede Shae Espadrille Flats , RYKA E8580M1 Womens Regina Walking-Shoes- Choose SZ/Color. , Drew Tulip Comfort Sneaker -Size 6.5WWWomen's Prada Pumps 36.5 Flats , SO Ski Brown Knee High Boots Size 6, 7 & 8 NEW IN BOX Original $79.99Alegria ELL-551 Womens Ella 2 Wedge 37 (US 7-7.5) Regular- Choose SZ/Color. , Skechers Sport Women's Skech Air Infinity Free Falli Fashion SneakerWhite/Bla... , Women's MT 2 Trail Running Shoes BLUE/PURPLE 8 M US Womens ,
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Rocket Dog Women's Sayla Rocket localjoes-26947 Vintage Worn PU Western Sayla Boots - Mushroom 686212d Boots
364219
621315
8434281
8548443
9042945
12150875
14171268
15553728
18808954
Powered by WordPress.com VIP.