The Buzz
All markets and investing news all the time

Yellow Box SHOES Womens VINTAGE Leather Boots Womens STUDDS Sz SHOES 9 M Mid-calf BUTTERFLY STUDDS 110b8bf

Item specifics

Condition: Pre-owned :
An item that has been used or worn previously. See the seller’s listing for full details and description of any imperfections.See all condition definitions- opens in a new window or tab
Seller Notes: HEEL 3 1/4 INCHES
Brand: Yellow Box Heel Height: High (3 in. and Up)
Style: Mid-Calf Boots Material: Leather
US Shoe Size (Women's): 9 Fastening: Zip
Width: Medium (B, M) Pattern: Solid
Color: Black Heel Type: Block

Yellow Box SHOES Womens VINTAGE Leather Boots Womens STUDDS Sz SHOES 9 M Mid-calf BUTTERFLY STUDDS 110b8bf -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Yellow Box SHOES Womens VINTAGE Leather Boots Womens STUDDS Sz SHOES 9 M Mid-calf BUTTERFLY STUDDS 110b8bf
Yellow Box SHOES Womens VINTAGE Leather Boots Womens STUDDS Sz SHOES 9 M Mid-calf BUTTERFLY STUDDS 110b8bf -

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%.

Yellow Box SHOES Womens VINTAGE Leather Boots Womens STUDDS Sz SHOES 9 M Mid-calf BUTTERFLY STUDDS 110b8bf

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Yellow Box SHOES Womens VINTAGE Leather Boots Womens STUDDS Sz SHOES 9 M Mid-calf BUTTERFLY STUDDS 110b8bf -
About This Author
Yellow Box SHOES Womens VINTAGE Leather Boots Womens STUDDS Sz SHOES 9 M Mid-calf BUTTERFLY STUDDS 110b8bf -
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
Sam Edelman Women's Asher Ankle Bootie Black Size 8.5 c7bVBASS ELLAMAY WOMENS SZ 9M BROWN LEATHER SIDEZIP BUCKLE MONKSTRAP ANKLE BOOTS-377 , $$69 Fergalicious Misty Black Ankle Boots Color: Black Size: 5.5Lucky Brand Bartalino Black Women's Bootie 5M , Kenneth Cole Reaction Women's Sup Gurrl Burgundy Booties 5.5M , CHASE & CHLOE VEGAN LEATHER COGNAC BROWN BOOTS - SIZE 7 , DR MARTENS BROWN LEATHER ENGLAND CASUAL ANKLE BOOTS / SIZE US 6 / WOMEN'SBogs Urban Farmer 2-Eye Batik Women's Blue Rain Boot 6MPre-Owned Jessica Simpson Women's Joline Riding Boot Black 7.5MMadden Girl Womens destory Closed Toe Ankle Fashion, Taupe Fabric, Size 7.0 RQfAUnisa Womens Adivan 3 Closed Toe Over Knee Fashion Boots Black Size 10.0 a8y2 , Michael Antonio Women's Eliah Slouch Boot Cognac Size 9.0 , Nature Breeze Knee High SuperSuede Black Boots Size 5.5 to 10 - Size 6.5 , WEATHERPROOF Womens mikayla Closed Toe Ankle Cold Weather Boots, Black, Size 8.0 , Durango Snake Skin Lower Size 9 D 9D Metal Embossed Cowboy Cowgirl Boots Blacknew Me Too ANKLE BOOTS SHOES Lexington 6 Women's Black Leather Fashion Sz 9.5 MBEARPAW Women's Savannah Oxford Boot Coral Size 10.0 tUhHFOREVER SUPER SUEDE LEOPARD ANIMAL PRINT/BROWN LYCRA BOOTS - SIZE 7.5NATURE BREEZE LEOPARD ANIMAL PRINT SUPER SUEDE BOOTS THIGH HI BOOTS - SIZE 8.5Bandolino Women's Leather Riding Brown Boots Size 6 Zipper Fastening 15" Tall , Snowland Womens 8 Lined SOLID BROWN Faux Fur SNOW Winter Boots WARM SHOESGood Alfani Size 9.5 US Women's Shoes Grey Man Made - NBW , BS9 Kamik Winter Boots Womens Sz.9 Brown leather with Removable Liners excellentStyle & Co. FRIDAA Women's Boots Barrel Size 6.5 M , Brown 2.5"Low Block Heel Round Toe Side Buckle Mid-Calf Cowboy Boot Size 9 , Colin Stuart Women's Boots Size 6.5B , Call It Spring Womens Pietraia Closed Toe Ankle Fashion Boots, Black, Size 6.5 cNew $225 ITALIAN Side Buckle Booties 7M Shoes Brown by DOMINIICI 2" Heel Couture , White Mountain Dia' Women's Boot, Black, Size 9.5 ik4N ,
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 OLD NAVY FAUX SUEDE BLACK PERFORATED PEEP TOE 3 IN HEEL LOW BOOTS BOOTIES 9Vero Studio Women's Ankle boots Brown Genuine Leather Uppers Size 6.5 M , Vintage Route 66 Flat Tan Boots Size 7 , Women's New Winter Knitted Crochet Sweater Boots Fur Insole Shoes Sz 5-10Cole Haan Trella Pump Leather Snake Print New With Box , Made In Italy - Designer Cavallini Ruched Black Ankle BootsJournee Collection Womens Rimi Closed Toe Ankle Fashion Boots Pink Size 8.5 qAWoman's Size 7 M Pull On 24" Over The Knee BootVtg WOMEN'S JUSTIN L3055 Red Kipskin WESTERN BOOTS 6 1/2 A distressed Beauties !Womens Vaneli Authentic Designer Fashion Black Slouch Boots - Size 7 NarrowWomen Side Button Zipper Pointed Toe Leather Med Kitten Heel Ankle Boots ShoesNew VINCE CAMUTO Tornado ARMACELI Over-The-Knee Boots 6 M $198 OTK , FRYE Camille Black Leather Perforated Sneakers Womens , Aldo Womens Dimitria Flat- Pick SZ/Color.Naturalizer Womens Brittany Leather Closed Toe Slide FlatsDANSKO WHITE LEATHER SLIP ON CLOG SHOES SIZE 39Bucco Capensis Olesia Cognac Studded Buckle Boots Women's Size 7 M*H by HALSTON Ankle Boots Burgundy Suede Platform Heels Sz 8Palomitas Paloma Barcelo Daniela Slip-On Green Suede US 6 NWB , Clarks Women's Cloudstepper Caddell Dash Black Slip-Ons , Retro Womens Patent Leather Slip On Med Heels Hidden Wedge Slip On Oxfords Shoes , ROCK & REPUBLIC Women's Purple Suede Studded Flats Size 7.5 NEW in Box , CB CECELIA BRINGHELI Womens Light Brown Suede Loafers Sz 39 , Gabor 86.094.94 Caruso Metallic Off-White Moc Loafer Comfort Shoe 6.5 New , Steve Madden Ltd ELEANORR-478 Womens Eleanorr FlatM- Choose SZ/Color.Kendall + Kylie Womens Reese Leather Flatforms Fashion Sneakers Shoes BHFO 4693Womens Rhinestone Rivet Star Pumps Round Toe Loafers Oxford Shoes Patent Leather , Bernie Mev Zip Vivaldi On Shoes Womens Casual Shoes , New Womens Printed Floral Round Toe Platform Pumps Slip ON Loafers Shoes CasualSalomon Speed Sense Pulse Purple Women Size 7
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Yellow Box SHOES Womens VINTAGE Leather Boots Womens STUDDS Sz SHOES 9 M Mid-calf BUTTERFLY STUDDS 110b8bf Boots
Powered by VIP.