The Buzz
All markets and investing news all the time

Womens Spot Spot On Womens Spotted Print Wellington Boots Boots 3549848

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
Style: Wellington Boots
UPC: Does not apply Features & Fastening: Slip On
Width: Various EAN: 5054568365250
Main Colour: Various Brand: Spot On
Fastening: Slip On Material: Rubber
Shoe Size: Various size

Womens Spot Spot On Womens Spotted Print Wellington Boots Boots 3549848 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Womens Spot Spot On Womens Spotted Print Wellington Boots Boots 3549848
Womens Spot Spot On Womens Spotted Print Wellington Boots Boots 3549848 -

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%.

Womens Spot Spot On Womens Spotted Print Wellington Boots Boots 3549848

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Womens Spot Spot On Womens Spotted Print Wellington Boots Boots 3549848 -
About This Author
Womens Spot Spot On Womens Spotted Print Wellington Boots Boots 3549848 -
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
IMPO WOMENS BLACK LOW CUT ANKLE BOOTS HEELS SIZE 7 MSOLANZ Women's Black Knee High Boots SZ 7 Quilted Zippered Buckled Faux Leather , DAKOTA Women's 6" Quad Basic Steel Toe Composite Plate Work Boots Tan 7MWomen's Mossimo Black Faux Leather Short Boots w/ Elevated Heel & Zipper Sz 8.5 , montage-58 New Fashion Over Knee Zipper Casual Faux Leather Women's Winter BootsPINK AND PEPPER Womens ZOLLY Medium Brown Over the Knee Boots US 7.5M , Women's Predictions Ankle Boots Suede Gray 6.5M , Isola women's shoes leather upper heels stiletto black pin acents size 8 M , NEW Merona Adaline Riding Boots Size 6 Brown Zipper Buckle Equestrian , Womens Suede Casual Girls Winter Warm Flats Fur Lined Mid-Calf Snow Boots Shoes , Capella67 Fashion Over the Knee Zipper Casual Med Heel Women Winter Boots 7.5.roca wear stiletto boots black silver size 9 , NO NAME women's TAN FASHION BOOTS SZ EST 6.5* IN EXCELLENT+ CONDITION , NWOT-Bamboo Size 6 Rust/Brown Faux Suede Zipper High Heel Scrunch Boots , Ladies Laura Scott "Sabrina" Black Tall Boots Size 7MWomen Mid Calf Faux Suede Moccasins Flat 3 Layer Fringe Pull Up Boots Shoes , New Direction Women's Sierra Faux Fur Lined Winter Boot Brown Size 6.5MWomens Short Knitted Cardy Slouch Winter Snow Rain Outdoor Warm Shoe Boots 3-10 , Women's Black Leather Boots KOWALSKI Made in Spain Great Condition!SPERRY TOP SIDERS Women 6.5 M Brown Plaid Waterproof Rubber Boots Duck Shoes , Brown Quality Faux Leather Suede Tall Slouch Comfort Boho Boots Size 8.5 WomensAerosoles Womens double trouble 2 Closed Toe Ankle Fashion Boots , Brinley Co Womens Nixon Closed Toe Ankle Fashion BootsAnkle Cute Platform Tan Lady Boots Dot Glitter Brown Round Toe Woman Shoes New170487 New Ankle Boots Zipper Faux Leather 4" Inch High Heel Women's Boots Brown , Black Casual Ms. Winter Warm Suede Shoes Round Head High Belt Buckle Flat Boots , Sam & Libby Bustamove Ankle Boots Shoes Heeled Black 7.5M BuckleElla Women's Pom Pom Faux Fur Lined Boot Brown Size 6MPREDICTIONS WOMENS BLACK TALL SIDE ZIP BOOTS SIZE 7.S SUPER CUTE! ,
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 Tassel Rhinestone Flats Hidden Wedge Summer Sandals Shoes Ankle Boots , Arizona- Absolute Womens Fashion Boots , Size : 8 M ,color: Chocolate , Mollini Size 39 Brown Suede & Leather Womens Ankle Boots Casual Dress SpringTOMMY HILFIGER SIZE 5 1/2 M BLACK LEATHER Boots FASHION CASUAL , ROS HOMMERSON Brown Leather Ruched Pull on Elastic Ankle Boots Sz 12 MDanelle (Journal) Black Leather Boots Size 7.5 MNew $185 MATISSE Vox Flame Stitched Cowboy Western Ankle Bootie 8 M , Women fashion plus size warm winter Mid Calf High Increasing Round Toe Boots , ALDO ROSENNANO WOMENS ROSENNANO BROWN BOOTS SIZE 9 AL5 , Mix No 6 Womens LANETTE Peep Toe Ankle Fashion Boots, forest green, Size 9.5 GV2 , NEW WOMEN'S SIZE 7 MEDIUM CLARK'S BROWN SUEDE RUBY DIMOND BOOTS WITH 3" HEELFRANCO SARTO WOMEN'S WESTERN BOOTS BROWN SIZE 6.5 M STYLE:WACO LEATHER , GB -Women GIANNI BINI ABOVE KNEE LEATHER BOOTSMadden Girl Womens Wendiee Closed Toe Knee High Fashion Black Paris Size 7.0 F , New Jessica Simpson OLIVIE Leather Fashion-Ankle Women Boots Sz8 (MSRP $140)m , Amimoc Tan Brown Suede Beaded Moccasins Ankle Boot Booties Slip On Flats Women 7 , Lucky Brand Women's Kaarina Fashion BootUS Shoe Size Women Fashion Boot Comfort Casual Black, Brown, Camel, Gray BootiesWOMENS TORY BURCH QUINN REVA Green Leaf LEATHER LOGO BALLET FLAT SHOES SZ 7.0samples shoes BALLERINE VISION STREET WEAR SWEET MARIE JANE CHECK WOMEN , SAS WOMEN'S TWIN COMFY WALKING SLIP-ON SHOE, MADE IN USA , $280 PAUL GREEN CARMEN Black Loafers Shoes Womens 6.5 NEW IN BOXWomen's Dr Martens Size 5L Oxfords Shoes Low Cut Boots Black Leather , No. 21 Patent Flat Bow MuleWALDLAUFER WOMEN'S ZINNIA, COMFY LOAFER SLIP-ON SHOE, WIDE WIDTH , Nike Lunarepic Flyknit 2 running shoes , Womens New Balance Shoes Size 7, but are more like a 6.Nike Free Balanza Fitness Women's Shoes , Women's Lightweight Casual Walking Athletic Shoes Breathable Mesh Run 8.5M , Dansko Brown Leather Professional Clogs Size US 6.5 - 7 ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Womens Spot Spot On Womens Spotted Print Wellington Boots Boots 3549848 Boots
Powered by VIP.