The Buzz
All markets and investing news all the time

Andrew Geller Nalin Knee Boots Geller High Black High Andrew Heel Boots New 99d4c83




Item specifics

Condition:
New without box: A brand-new, unused, and unworn item (including handmade items) that is not in original packaging or ... Read moreabout the condition
Brand: Andrew Geller
Color: Black Style: Fashion - Knee-High
Heel Height: High (3 in. and Up) Width: Medium (B, M)

Andrew Geller Nalin Knee Boots Geller High Black High Andrew Heel Boots New 99d4c83 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Andrew Geller Nalin Knee Boots Geller High Black High Andrew Heel Boots New 99d4c83
Andrew Geller Nalin Knee Boots Geller High Black High Andrew Heel Boots New 99d4c83 - 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%.

Andrew Geller Nalin Knee Boots Geller High Black High Andrew Heel Boots New 99d4c83

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Andrew Geller Nalin Knee Boots Geller High Black High Andrew Heel Boots New 99d4c83 - hollisbaker.com
About This Author
Andrew Geller Nalin Knee Boots Geller High Black High Andrew Heel Boots New 99d4c83 - 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
 
Womens Short Fashion Zip Up Buckle Ankle Shoe Boots 2" Wide Heel Brown 6 8 NEWFashion Women Round Toe Lolita Bowknot Flats Student Sweet Ankle Boots 3 ColorFashion Women's Sexy Stilettos High Heels Ankle Boots Pointy Toe Shoes Plus SizeWomen's BCB Generation Stretch Suede Ankle Booties Size 9M BlackBrown Caramel Heeled Fine Leather Booties Size 7.5 Women's Shoes Newport NewsNWOB B.O.C. Saturn Women's US Brown Latte Plaid Combat Boots Faux Leather Sz 8 MWomen Warm Silver Crystal Fur Fleece Rhinestones Bling Boots Montana West ShoesMadden Girl by Steve Madden Womens Fancie Red Ankle Boots 8 Medium (B,M) 5596Jessica Simpson Boot 8.5 M Kianna Ankle Harness High Heel Brown Side Zip , Dolce Vita Womens Shoes Size 8.5 Black Solid Leather Mid Calf Boots Casual , ROPER BRAND WOMENS 7 BROWN LEATHER COWBOY BOOTS ROPERSNew Women Autumn Fashion Thick Heel Zipper Boots Casual High heel Ankle BootsAlberto Fermani Taupe Distressed Leather Chelsea Ankle Boot Bootie 40.5 / 10.5 , Women Slip On Pointy Toe Solid 7cm Mid Block Heel Shoes Buckles Office Chic Pump , Galaxy Women Double High Top Casual Sneakers Shoes Trainers Ankle Boot Plateform , Khombu Slope Ladies Waterproof Winter Boots Multiple Sizes GreyNEW Impo Black Faux Suede Ankle Boots Booties Size 10 Floral Embroidery HeelsRampage New Womens Estafania Black Boots 10 M Shoes NWOBPeacock New Women's Girls High Top Casual Sneakers Shoes Trainers Ankle Boots , Sanuk SOULSHINE CHILL Womens Mid-High Suede Boots Size 7 Black NEWClarks Ankle Boots Womens Shoe Size 9.5W Black Leather Side Zip Cap Toes B112Womens Rain Boots Wellies Rubber Non-Slip Cuban Heels Mid-calf Boots Water ShoesMatt Bernson Black Suede Belted Wedge Boots NEWMatt Bernson Burgundy Suede Belted Wedge Boots NEW , Raye Womens Boots Size 7 Black Patent Leather Slim Heel Pointed Toe , COLE HAAN COUNTRY DARK BROWN LEATHER HIGH HEEL ZIPPER ANKLE BOOTS WOMEN'S 9BBare Traps Tommy Black Buckle Detail Riding Boot NEW , Brown Distressed Leather & Sheepskin NINE WEST Tall Pull On Boots w/Strap 5.5 M , Joie Womens Gray Suede Buckle Closure Over The Knee Boots Size 35 5 ,
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 ZiGi Soho New Spraypaint Gray Womens Shoes Size 7 M Boots MSRP $69SAKS FIFTH AVENUE Sz 10 Black Leather Western Style Boots7851531 LPFBTT40 Women's Shoes Size 8.5 M Black Zip Up Boot Johnston & Murphy , Size 7 Candies Boots Camel Bootie Leather Platform Chunky Block Heel Ankle Women , Tsubo Women’s 9M Learher Brown Flat Ankle Boots Lightweight BootiesBorn Concepts B.O.C. Nix Mid Boots Side Zip Taupe Leather Size 8 NIB , Adrienne Vittadini Womens gavin Closed Toe Knee High Chelsea, Black sc, Size 8.0 , London Fog Melton 2 Winter Duck Boots- Women's size 6 M GreyRed Color Sexy Flats Knee Boots Rabbit Fur On The Top Size 5.5 , UNISA Never Worn, Black Suede Leather Platform, Wedge Sandals Heels 38 , Jessica Simpson Cachelle Cut-out Suede Stacked Heel Ankle Bootie, Color Options , Charles David Brown Fringed Suede wedge Booties ankle booties NEW 39 US 9 , Hunter Womens Metallic Silver Rubber Rain BOOTS Original Tall 6 MedSand Caiman Tail Boots For Women Genuine Exotic Skin Los Altos Boots Handmade , New Fly London Palp sytle in cloud color(taupe) size 40 9/9.5US$275 VERA WANG LAVENDER 9.5 Snakeskin JEWEL Ballet Flats *LOVELY* SZ 9.5 , un structured woman's blue leather clarks shoes sz 7W , Tod's flats - Made in Italy -Size 38206 Collective Women's Leona Slip-on Loafer Black Leather 9 M USwomens size 8M SPERRY TOP-SIDER #STS95129 BLACK CANVAS BOAT DECK SHOES EUC L@@K , French Sole FS/NY Women's Passport Ballet Flat, Black, Size 5.5 JoS5 , Dolce Vita Women's Luci Sandal Saddle Nubuck SandalsSkechers Sport Women's Flex Appeal 2.0-New Recruit Fashion SneakerSKECHERS 14893/NVBL GO WALK SPORT DEVOTE Wmn´s (M) Navy/Blue Mesh Athletic ShoesWomen's Shoes Hogan 29222US -20% Flats , Women's sarah flint sandals 40 Flats , Women's Joie Temple Women's FLATS Saglia Flats , Womens 11W Wide Black Woodbridge NWOT Snow Boots Fleece Lined Zip SideWomens Bowknot Tassel Pull On Shoes Wedge Hidden Heels Slouch Mid Calf Boots NewKeds Women's Studio Liv Slip On Charcoal Studio Jersey Slip-on Shoes
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Andrew Geller Nalin Knee Boots Geller High Black High Andrew Heel Boots New 99d4c83 Boots
3511337
3544086
3759706
3841379
4428871
7375564
8561851
10733544
10978474
Powered by WordPress.com VIP.