The Buzz
All markets and investing news all the time

Sexy 3" Heel Block White High Heel Baby Baby Pink & White Gogo Dancer Knee High Costume Boots 1a36ec1

Item specifics

New with box: A brand-new, unused, and unworn item (including handmade items) in the original packaging (such as ... Read moreabout the condition
Pattern: Solid
Heel Height: High (3 in. and Up) Color: Pink
Material: Synthetic Occasion: Casual
Width: Medium (B, M) Brand: Funtasma
Fastening: Zip Style: Fashion - Knee-High
Heel Type: Block

Sexy 3" Heel Block White High Heel Baby Baby Pink & White Gogo Dancer Knee High Costume Boots 1a36ec1 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Sexy 3" Heel Block White High Heel Baby Baby Pink & White Gogo Dancer Knee High Costume Boots 1a36ec1
Sexy 3

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%.

Sexy 3" Heel Block White High Heel Baby Baby Pink & White Gogo Dancer Knee High Costume Boots 1a36ec1

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Sexy 3
About This Author
Sexy 3
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
KILLAH by Miss Sixty - Beige Knee Boots 37EU- 6.5US - UK4 , Women's Born Biloxi PullOn Chic Chelsea Boot Castagno Brown LeatherMichael By Michael Shannon Kelsey High Heel Ankle Bootie Shoes , Vogue womens ladies chelsea boots rain boots classic England style booties sizes , NEW! Comfortview Sz 10.5W Dark Brown Leather Wide Calf Boots - 16" Shaft Height , Ann Taylor Helene Wedge Mule Leather Size 9.5 , Ellie Women's High Black Boots with Stiletto Heels Size 5 , NIKE YOUTH BOOTS CHENUMO WS (GS) 324533-061 Youth Size: 5, 5.5, 6 DEADSTOCKReebok 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 BootsWomen Casual Fashion Sneakers Wedge Heel High Top Shoes Black White 5405_ICGUESS WOMEN'S DAKODA RIDING BOOT SIZE 6.0 GREAT DEAL , MARC JACOBS shoes heels rain pink boots 38 8 , H by Halston Grey Leather Pointed Toe Rachel Wedge Boot NEW , Hokkaido-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 BootVictoria's Secret Colin Stuart Winter Fashion Fur Boots Sz. 7New Palladium Tan CAMO ARMY PAMPA HIGHT Boots Canvas Casual Desert Shoes 38 US 7
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 SC35 Rainne Wedge Mid-Calf Boots 174, Cognac, 10 US , Call It Spring Womens ROSEMAN-44 Closed Toe Over Knee, Black Nubuck, Size 8.5 1B , EMU AUSTRALIA Womens MIVA Brown Knee-High Soft Leather Tie Winter Boot 5-35 NEWMarc Fisher Womens wanya Suede Almond Toe Ankle Fashion, Grey suede, Size 7.5 jR , PRODOTTO ITALIANO Bottes bIker cuir nubuck noir 39 TRES BON ETATRare MOCASSINS DERBY PARABOOT T 39 BEIGE CREME CUIR TBE A ACH IMM A SAISIR ! , Born Women's Chaval Booties Size 8.5 Black LeatherJustin L0902 George Strait Womens Brown Leather Double Kiltie Roper Boots 7.Born boots brown leather riding size 11Joan & David Black Upper Alligator Print Western Boots Womens US 7 / Italy , Ivanka Trump Sz 7 Tan Camel Suede Eyelet Laser Cut Stacked Heel Boots BootiesTory Burch Reva Ballet Leather Flat Black Women Sz 6 M 1586 , New Women's Dansko Felt Pro Professional Charcoal Multi Clogs Size 38 US 7.5-8Diba True Best Buds Suede Tassle Shoes, Dust/Cognac, Size 10.0Clarks 32485 Pure Tone Flats Womens BlackStuart Weitzman Black Leather Comfort Casual Loafer Flats Women's Size 8 M *Sofft Benton Ballet Flats, Sand, 6 US DisplayBirkenstock 18FW arran narrow fit RFSO8G802BK black shoes , AGL Attilio Giusti Leombruni Buckle Flat Loafer 7.5 Sapphire Suede MRSP $345 NIB , Bernie Mev Women's Zig Zag Ankle Bootie Black 38 EU/38 EU = 7.5-8 M US , Brooks Womens Size 7.5 Shoes Trance 12 Athletic Running Cross Training Sneakers , Skechers Sport Women's Casual Brown Sneakers, Size US 9.5 (B6)Women Shoes US Size 7 8 Sneakers Flat Casual Deporte Tenis White For Girls BrandNew Balance 411 All Terrain Womens Running Trail WT411GP2 Gray Pink - Size 8.5D , Reebok MemoryTech YourFlex Trainette Blue/MultiColor Women's Shoe V72516 SZ 7 , SPRING COURT Women's M2 Glove D. Brown Fox D. Gum Goatsplit Sneakers US 9 / 40Women's Adidas Superstar Neo Athletic Shoes , Women Stylish Casual Suede Medium Block Heel Thicken Buckle Fashion Ankle BootsNEW Matisse Britain Womens Brown Leather Buckle Boot US 6 Med. Retail $260.00NEW - EASY SPIRIT Women's 'BOUCLE TRAVEL TIME 280' Black/White SLIP ON SHOES - 5 ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Sexy 3" Heel Block White High Heel Baby Baby Pink & White Gogo Dancer Knee High Costume Boots 1a36ec1 Boots
Powered by VIP.