The Buzz
All markets and investing news all the time

BRAND 70 NEW! Torrid 27794 Metal Heel Combat NEW! Boot*size 11W* GRAY $ 70 ee07d10




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: Torrid
Material: Synthetic Toe Type: Round Toe
Width: Wide (C, D, W) US Shoe Size (Women's): US 11
Color: Gray Heel Height: Low (3/4 in. to 1 1/2 in.)
Features: Lace-Up, Zip Style: Combat Boots
UPC: Does not apply

BRAND 70 NEW! Torrid 27794 Metal Heel Combat NEW! Boot*size 11W* GRAY $ 70 ee07d10 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
BRAND 70 NEW! Torrid 27794 Metal Heel Combat NEW! Boot*size 11W* GRAY $ 70 ee07d10
BRAND 70 NEW! Torrid 27794 Metal Heel Combat NEW! Boot*size 11W* GRAY $ 70 ee07d10 - 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%.

BRAND 70 NEW! Torrid 27794 Metal Heel Combat NEW! Boot*size 11W* GRAY $ 70 ee07d10

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
BRAND 70 NEW! Torrid 27794 Metal Heel Combat NEW! Boot*size 11W* GRAY $ 70 ee07d10 - hollisbaker.com
About This Author
BRAND 70 NEW! Torrid 27794 Metal Heel Combat NEW! Boot*size 11W* GRAY $ 70 ee07d10 - 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
 
Report Signature 'Islah' Over The Knee Boot, Black SIZE 7.5Bronx Women's Brown Leather Boots Knee High Buckle Heel Size 40 8.5Womens Merrell Snowbound 200 gram Waterproof Snow Boots, US 5.5, Gray, J21162 , Lucky Brand Butler Light Brown Leather Studded Ankle Cowboy Boots Size 5.5 MCat By Caterpillar Shiny White Zip Buckle Heel High Ankle Boots Size 6SAM EDELMAN Sale Penny Tall Leather Zip Military Riding Boots Black 5.5 MISMATCH , Nocona NL1101 Womens' 8 1/2B Black Luxuria Buffalo Vinyl Boots , Banana Republic 7.5 Leather Round Toe Ankle Boots Booties Block Heel pull on , Steve Madden Black Faux Suede Tall Winter Knee Boots Size 7.5 M $99New OLUKAI Kapa Moe Brown Leather Suede Slouch Boots 7.5 NWOB , Coconuts By Matisse Hype Womens Brown Ankle Boot 7M MSRP $89Aldo Jeffres Black Womens Shoes Size 6 M Boots MSRP $180POLO Ralph Lauren Women Brown Pebbled Leather Pull On Knee High Boot 9.5 , Bearpaw Meadow Short Winter Boots, Chocolate Suede, 6 US / 37 EU , Vagabond Black Velvet Suede Eshter Pointed Toe Ankle Heeled Booties Size 40 NewNEW FORSAKE CONTOUR AIR LOW BOOTS SNEAKERBOOT SAND WOMENS 8.5 D , 2b bebe TROOPER CAMO BOOT SIZE 5 , Marc Fisher SHAYNA Size 9M Brown High Heel Tall Dress Boots Full ZipBaretaps New Yaegar Gray Womens Shoes Size 10 M Boots MSRP $109 , G by Guess Black Tall Leather Riding Boots 7SKECHERS Bikers - Londoner Boot - Women's Size 6 - Chocolate , Durango RD4163 Brown 12" Leather Western Cowgirl Boots Womens 6 MAriat Brown Moc Toe Western Ankle Boots Sz 7B , ORTHOFEET Orthotic Shenandoah BLACK 881 Hook & Loop STRAP Ankle BOOTS Sz 9.5 XW , ENZO ANGIOLINI Black Leather Smooth & Pebbled Ankle Booties Womens Size 8M-B111LL Bean Womens 9 Thinsulate Waterproof Boots PurpleStudded Black Boots Brand New-wanted BrandShoe Dazzle Dionne Black OTK Pointy Toe Cut Out Stiletto Heel Boot Women's Sz 6 , Tall Black Aquatilia Boots 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 Ladies Thigh High Boots Over The Knee Stilettos Heels Velvet Party Size , AJ Valenci Blue Leather Bootie Shoe Size 9M Built For Comfort Pull On 264680 , Dav Bristol Women's Rain Boot - Black - Sz 7 M; 37 EURue 21 ankle boots size LNEW FASHION WOMEN MID-CALF FUR LINED WARM WINTER SNOW BOOTS PAMMY-02 /BLACKSam Edelman Womens Yvie Leather Open Toe Ankle Fashion Boots Saddle Size 5.5 M , Unlisted by Kenneth Cole Catching File Boot, Women's Size 6.5. Black$159 BCBG BCBGeneration Women BG-Galaxi Monk Strap Ankle Boot Shoe,Onyx,US 5.5American Rag Womens Faylln Closed Toe Ankle Combat Boots, Black, Size 7.5 BOZzSam Edelman Womens Hannah Booties - Black Suede US Size 8.5ZiGi Soho Women's Stone Brown Ankle Boots 10 , Monsieur De Givenchy brown calf boots Size 8 28 Leather Shoes Women'swomen's shoes OLGA RUBINI 6 () ankle boots green leather BX800-36AQUATALIA MARVIN K suede and knit front zip wedge mid calf boots 9SEYCHELLES BOOTIES SHEARLING FAUX FUR GRAY SUEDE 9.5JB MARTIN Bottes Cavalières Cuir et Daim Noir Petits Talons T 4.5 / T 38 TBELucky Brand Ysabel Wedge Ankle Booties, Sesame, 11 US / 41 EU , Mid heel ankle pull on boots. Isabella Brown Shoes - Darling , Bare Traps Womens Dallia Closed Toe Mid-Calf Fashion Boots Dark Brown Size 8.5Celine Skate Perforated Sneakers Slip On Patent Leather Black 40/ 9.5 $950 NIBPaul Green Sassy Flat - Women's Size 6.5 - TruffelNike Downshifter 7 Womens Size 8.5 White/Platinum Running Athletics Shoes F4-501 , $895 Valentino Women White Leather Stubs Flat Shoes 38 , Womens Shoes Ivanka Trump CECE Ballerinas Ballet Flats Slip On Black Multi Suede , Steve Madden LIFT Womens Lift Fashion Sneaker- Choose SZ/Color.NIKE AIR HUARACHE RUN WOMEN'S RUNNING SHOES - WOMEN'S SZ 7 , Nike Women’s Romaleos 3 Weightlifting Shoes White/Black (878557-100) Size 8.5 , Women's BROOKS Adrenaline GTS 16 Running Shoes Size 8.5 USWomens Nike Racing Spikes In Melon Size 10Bare Traps Womens danula Almond Toe Ankle Cold Weather Boots, Taupe, Size 6.0 Nt ,
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
BRAND 70 NEW! Torrid 27794 Metal Heel Combat NEW! Boot*size 11W* GRAY $ 70 ee07d10 Boots
2123568
3332446
3953800
6307375
9916751
10655167
11084402
16258687
17939900
Powered by WordPress.com VIP.