The Buzz
All markets and investing news all the time

Zibu Sira Womens Ankle Booties Zip Dark localjoes-26794 Up Zibu Textile Man Made Dark Brown Size 7.5M 2420400




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
Style: Ankle Boots
Pattern: Textured Brand: Zibu
Country/Region of Manufacture: China Heel Height: Low (3/4 in. to 1 1/2 in.)
Fastening: Zip Heel Type: Wedge
Color: Brown Material: textile man made
US Shoe Size (Women's): 7.5 Occasion: Casual
Width: Medium (B, M) UPC: Does not apply

Zibu Sira Womens Ankle Booties Zip Dark localjoes-26794 Up Zibu Textile Man Made Dark Brown Size 7.5M 2420400 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Zibu Sira Womens Ankle Booties Zip Dark localjoes-26794 Up Zibu Textile Man Made Dark Brown Size 7.5M 2420400
Zibu Sira Womens Ankle Booties Zip Dark localjoes-26794 Up Zibu Textile Man Made Dark Brown Size 7.5M 2420400 - 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%.

Zibu Sira Womens Ankle Booties Zip Dark localjoes-26794 Up Zibu Textile Man Made Dark Brown Size 7.5M 2420400

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Zibu Sira Womens Ankle Booties Zip Dark localjoes-26794 Up Zibu Textile Man Made Dark Brown Size 7.5M 2420400 - hollisbaker.com
About This Author
Zibu Sira Womens Ankle Booties Zip Dark localjoes-26794 Up Zibu Textile Man Made Dark Brown Size 7.5M 2420400 - 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
 
Ladies ME TOO - ADAM TUCKER - SAMARA Brown Leather Short Boots (Size 9.5) , sz 10 Sperry Top-Sider Saltwater Black Quilted Rubber /Leather Duck Womens BootsBCBG Paris Black Leather Fashion Boots Knee High Pull-on Size US 7.5 B , Steve Madden Cynthia Women Round Toe Gray Suede Ankle Bootie Size 8 $129 , Naturalizer New Womens Caro Oxford Brown Boots 5.5 M ShoesEasy Street Women's Darcy Black Bendable ShootieBlack Leather Suede & Sheepskin JAMBU Birmingham Rear Zip Cuffed Ankle Boots 9 , DOLCE VITA SARGEANT Brown Leather Designer Boots Military 6.0 MSimply Vera Vera Wang Athens Women's Sandals Black High Heel Sz 9.5 , Kenzie Two Tone Camel Leather Boots Woman size 10MADAM TUCKER Womens BOLERO 1 Black/Green Fashion Ankle Boot US 8M (648244778387)Koolaburra Women's Fringed Wedge Leather Booties Size 6NEW! Women's IzaBella Rue Verenice Boots - (Size: 7)LAUREN RALPH LAUREN Cabrey Dark Brown Leather Ankle Boot Bootie Sze 9.5 NIB $120 , Black Italian Leather Boots Size 6 VIA SPIGA Square Toe Zip Ankle 2.5" HeelsWomens Girls Brown Leather Suede Zip Up Winter Knee Length Wedge BootsArizona Jean Co. Lacie Wedge Women's Bootie Suede Black Size 9.5 MShoedazzle NEVER WORN High Heel Boots Size 7 Brand New , LADIES BLACK TAUPE GREY BLOCK HIGH HEEL ANKLE BOOTS POINTED PULL ON SHOESArizona Jean Co. Lacie Wedge Women's Bootie Suede Black Size 11 MRampage Shoes Size 7 M Womens New Astrid 5E5261 Black Boots , Arizona Garrity Womens Booties Taupe Size 10M , Pop Waco Womens Booties Taupe Size 10M , Clarks Ingalls Baltic Brown Ladies Boots, Brown, Size 9.0 DRhy , Blowfish Women's Korrekt Ankle Bootie Black Size 7.0 vPFa , Embroidered Suede Pointy Toe Chunky Platform Heeled OTK BootsLugz Women's Drifter LX Chukka Boot, Charcoal/Cream/Gum/Blue-black, Size 10.0 , Artiva Brazilian Leather Linda Mid Calf Boots 7.5M Tri Color BrownFantasy Collection Boots Mid-Calf Metallic Light Blue Leather Stud Trim Size 6.5 ,
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 Womens tan fur trim pointed ankle boots taupe size 7 U.S. , Tan Faux Suede Sweat Yarn Bendable Shaft Stylish Womens Wedge Heels Boots , WOMENS 8.5 MWC WHITE MOUNTAIN BLACK LEATHER TALL HEELS ZIPPER BOOTS , Lucky Brand Womens Ramses Red Suede Ankle Boots Shoes 8.5 Medium (B,M) BHFO 4557**Xhiliration Brown Chocolate High heels ankle boots size 8.5 NWOB SALEWomen's Shoes Mid-Calf Boots Land's End Rubber Sole Black Size 7 1/2 B Slip In , J. Crew Brown Suede Leather Mid Calf Buckle Round Toe Boots Size 10 Style 30485Mi Bottes Pointues JANIE PHILIP Cuir Marron Foncé T 40 TTBE , Debutante Thigh High Boots Charles by Charles David Size 7 M US Charcoal Faux Su , NEW Sexy Shiny Tall Black Wedge vinyl Rainboots leg Boots Size 9 Brilliant WalesMW009587 - GENUINE LEATHER FAUX PEARL HEEL ANKLE BOOTS (SIZE 40)New Sam Edelman Boots Gillian Size 8M Excellent Condition-NWT 160.00BLONDO Sz 7 M Knee High Black Leather Riding Boots Aqua Protect Zip Up , Alfani 9.5 M Shirlee Warm Grey Leather Ankle Boots New Womens Shoes , New Denim Womens Ankle Boots Stiletto Pointy Toes Slim Heels Side Zip Party ShoeVANELi Womens FC-313 Leather Closed Toe Classic Pumps, Navy, Size 9.0 , LL BEAN Tek 2.5 Waterproof Front Zip Winter Snow Boots Women's Size 8 M (b78) , Prada Asian-Look Kimono Fabric T-Strap Stilleto Sandals, Size 36.5 - 6.5 / 7Jon Josef Women´s Monaco 2 Leopard Calf Hair Pointy Toe Flats , Espadrille model 101171 Zoki - Matter - ShoesTory Burch Shoes ballet size 71/2M flats Black leather with Stones Bling comfort , DANSKO 38 BLACK LEATHER CLOGS WOMENS USA SIZE 7.5 - 8 , PRADA Velvet Embellished Platform Sneakers Pink Womens Shoes sz 40.5 / 10.5 NEW , FAUSTO SANTINI Forest Green Perforated 100% Leather Flats - 37/US7 - ULTRA SOFTBike Black Paent Leather Oxford Jon Josef , Funtasma Women's Retro 302 Black Stretch Patent , Keen Dry Sneakers - Walking Hiking Trailing Waterproof Shoes Women's 11 BlackWomen's Sam Edelman Booties Size 7.5 BootsFranco Sarto Black Dover Knee High Side Zip Fashion Boots Sz 6 M EUCNaot Forward Shoe- NIB - Free Shipping
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Zibu Sira Womens Ankle Booties Zip Dark localjoes-26794 Up Zibu Textile Man Made Dark Brown Size 7.5M 2420400 Boots
1784158
2239618
2447136
5468151
6091636
8268706
8588018
10117933
17107892
Powered by WordPress.com VIP.