The Buzz
All markets and investing news all the time

Diego Di Lucca Brown Croc 9 Wide Leather 9 Patent Leather Zip Ankle Boots Faux Croc Toes EUC c099edf




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
Width: Wide (C, D, W)
Fastening: Zip Color: Brown
Heel Height: Med (1 3/4 in. to 2 3/4 in.) US Shoe Size (Women's): 9
Heel Type: Block Brand: Diego Di Lucca
Occasion: Casual Style: Ankle Boots
Pattern: Solid Material: Patent Leather

Diego Di Lucca Brown Croc 9 Wide Leather 9 Patent Leather Zip Ankle Boots Faux Croc Toes EUC c099edf - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Diego Di Lucca Brown Croc 9 Wide Leather 9 Patent Leather Zip Ankle Boots Faux Croc Toes EUC c099edf
Diego Di Lucca Brown Croc 9 Wide Leather 9 Patent Leather Zip Ankle Boots Faux Croc Toes EUC c099edf - 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%.

Diego Di Lucca Brown Croc 9 Wide Leather 9 Patent Leather Zip Ankle Boots Faux Croc Toes EUC c099edf

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Diego Di Lucca Brown Croc 9 Wide Leather 9 Patent Leather Zip Ankle Boots Faux Croc Toes EUC c099edf - hollisbaker.com
About This Author
Diego Di Lucca Brown Croc 9 Wide Leather 9 Patent Leather Zip Ankle Boots Faux Croc Toes EUC c099edf - 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
 
Audrey Brooke Womens Booties Size 7 Grey Leather Block Heel Buckle-6329 , ROF Women's Classic Soft Slouchy Flat Low Heel Knee High Boots Snake Print 7.5Sonoma Life + Style Womens Size 9 Medium Shoes Boots Alexy Brown RN , SC35 Wessley Semi-Quilted Short Booties 630, Black, 8 US , Montana Womens Black Leather Zip Ankle Boot Bootie Sz 8.5MINNETONKA Brown Suede Moccasin Back Zip Fringe Ankle Boots Women's Size 7 , Nine West Ankle Wedge Boots Womens Size 6 Brown Suede-5931Clarks Wallabees Desert Boots Womens Size 8.5 Tan Suede Crepe Sole-5392ANDREW GELLER Haela Women NWB Equestrian Boots Size 8.5M Black , SC35 Shaie Ankle Booties 175, Black, 10 US , DIBA Fabric Knee High Heel pointy Boots Gold Size 8.5BAmalfi Black Suede Round Toe Side Zip Ruffled Detail Ankle Booties Size 10B , Tamaris Moccasins Womens Size 38 / 7.5 US Loafer Ankle Boot Flats Beads FringeClarks Wallabees Desert Chukka Boots Womens Size 7M Crepe Sole Tan- 5138Chinese Laundry Marvel-Women's Black Suede Ankle Shoe Boot Bootie Sz 9.5M , NATURALIZER BRAND WOMENS ANKLE BOOTS SIZE 6 M LEATHER MATERIAL BLACK ZO9Bussola Bern Bea White leather Comfort Sandals Shoes Women's Size: 39 / 8 , STYLISH!!~ "STEVIES" WOMEN GRAY LOW HEEL KNEE-HIGH RIDING BOOTS SIZE 6MABS by Allen Schwartz Trickie Booties Sz 7 Ankle Boots , womens size 7.5 black BUCCO short ankle studded western boots booties shoes , TS35 Lidiaa Wedge Dress Booties 921, Black, 8.5 US , Ladies fashion high heel ankle boot, almond toe, stiletto heel, with zipper clos , ASOS Women's Suede Block Heel Ankle Boots GG8 Size 5Blue Bass Women's winter Size 8M boots , NEW JUST FAB STYLISH 2-TONE RAIN BOOTS 9M , Black Jante WRAP AROUND ZIPPER Ankle Boots 4" CHROME Stiletto Heel SIZE 8Clarks Collection Womens Size 6W Brown Soft Cushion Ankle Boot Side Zip ShoesBakers Suede Boots Knee High Platform Stiletto Military Button Detail Chestnut14th & Union Highland Black Rubber Rainboots Rain Boots, Size 11 ,
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 New Women Qupid Nirvana-01 Leatherette Knee High Belted Zip Motorcycle Boot SizeWomens Warm Sweet Ankle Boots Pull On Booties Faux Suede Flats Casual Comfort , Lady Couture Women's Fashion Shoes Black Glam Peep Toe Ankle Boot , CLARKS Ankle Boots Booties 74466 Womens 8 M Brown Leather Shoes Monk Strap , Carlos by Carlos Santana Brown Suede "Polly" Peep Toe Ankle Booties - sz. 9 NEW , MARIPE soft sable brown leather cuff slouch fashion pull on boots 7.5 FREE SHIP! , AR35 Coreene Cuffed Wedge Ankle Booties, Black, 7.5 US DisplayHouse Of Harlow Gorgeous Platform Burgundy Booties With Silver Heel 7.5Charles by Charles David Womens Lowell Round Toe Mid-Calf Fashion Boots , New Munro Women's Rachel Bootie Ankle Black Textile Leather Zipper Boots 7.5New women's shoes fashion mid shaft boot real suede & faux fur winter warm camelCLARKS Womens Caddell Rush Closed Toe Ankle Cold Weather Boots, Black, Size 7.0NEW Jessica Simpson Riese Women's Black Wedge Knee Boots Size 11 M ShoesKhombu North Star Women's Waterproof Snow Winter Boots Size 6Torrid 7W Genuine Suede Knee High Tall Boots Wide Width & CalfWOMENS 6.5 C Oiled Brown ARIAT Legend SQUARE TOE WESTERN BOOTS $180GUESS High Top Faux Fur Trimmed Shoe Shoes Suede Booties Boot Boots Ankle 7.5Odette e Odile Shoes 500842 Blue 23.5cmClarks Women's Brown Ankle Boots 6 MCharlie House Cow Girl Shoe Boot Size 8BNine West Women's Showitoff Caged Bootie Pumps Black Suede Size 8 (B, M)Inc International Concepts Women's Gutsy Ankle Booties Black Suede 7.5Tory Burch Caroline Black Ballerina Ballet Flats 8Frye Ember Cross Leather Ballet Flat (NIB) US 8 - Free ShippingBALLERINES REPETTO BOHEME CHIC NOIRES AVEC FRANGES T 39 40 , Aetrex Mary Jane Brown Stretch Womens Flats - SZ- Pick SZ/Color. , CLARKS Women's Cheyn Madi Slip-on Loafer, Black Tumbled Leather, 7.5 W USCLARKS Women's Reedly Juno Wedge Sandal Sand Nubuck 8 W US , Puma Fierce Feather GRF - Black - WomensWomen's ECCO Women's Dayla Toggle Flat Flats
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Diego Di Lucca Brown Croc 9 Wide Leather 9 Patent Leather Zip Ankle Boots Faux Croc Toes EUC c099edf Boots
1182907
1329430
2558099
5307823
7713224
12597891
12629104
13970780
17461825
Powered by WordPress.com VIP.