The Buzz
All markets and investing news all the time

(NJ-511) Women's FC La Sportiva FC 4.0 localjoes-22086 GTX Hiking Women's Ankle Boots size 7.5 539ee65

Item specifics

Pre-owned: An item that has been used or worn previously. See the seller’s listing for full details and ... Read moreabout the condition
Modified Item: No
US Shoe Size (Women's): 7.5 Style: Hiking Boots
Brand: La Sportiva Boot Shaft Height: Ankle
UPC: Does not apply

(NJ-511) Women's FC La Sportiva FC 4.0 localjoes-22086 GTX Hiking Women's Ankle Boots size 7.5 539ee65 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
(NJ-511) Women's FC La Sportiva FC 4.0 localjoes-22086 GTX Hiking Women's Ankle Boots size 7.5 539ee65
(NJ-511) Women's FC La Sportiva FC 4.0 localjoes-22086 GTX Hiking Women's Ankle Boots size 7.5 539ee65 -

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%.

(NJ-511) Women's FC La Sportiva FC 4.0 localjoes-22086 GTX Hiking Women's Ankle Boots size 7.5 539ee65

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
(NJ-511) Women's FC La Sportiva FC 4.0 localjoes-22086 GTX Hiking Women's Ankle Boots size 7.5 539ee65 -
About This Author
(NJ-511) Women's FC La Sportiva FC 4.0 localjoes-22086 GTX Hiking Women's Ankle Boots size 7.5 539ee65 -
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 Tinsley Boots - Women's Size 9M, Sangria , Steve Madden 'Brewzzer' Black Leather Motorcycle Boots - Women's Size 7.5 , David Tate Valentine Womens Black Leather Knee Tall Boots Sz 7.5WWRag & Bone Harrow Booties 39 1/2STEVE MADDEN Black Leather Fringe Moccasin Ankle Booties 7 , Jellypop Womens Black Libra Ankle Boots Shoe Size 10 MStyle & Co. New Aliciah Black Womens Shoes Size 7 M Boots MSRP $79.99 , Jim Barnier Womens Tall Soft Full Grain Leather Knee High Riding Boots Size 7SAM EDELMAN 8 Brown Tan Suede Fringe Studs Ankle (sim. to Paige) Leather Boot , Women's Steve Madden Betsey Size 7.5 Ankle Boots Shoes Ivory Leather Pull On T7Style & Co. Adaline Women's Boots Black , Born Size 7.5 Ankle Boots Booties Womens Black Leather Heel Side Zip BuckleStyle & Co. Dyanaa Women's Boots BarrelGiani Bernini Odele Women's Boots Black , Aerosoles Women's Size 7 B Black Booties ComfortOpportunity Shoes - Corso Como Women's Pennisula, Silver/Metallic Specchio, 5.5 , BareTraps New Rhapsody Brown Womens Shoes Size 6 M Boots MSRP $85Pink Round Toe Winter Fashion Boots Flat Waterproof Mid-Calf Shoes for Women- 36XOXO Women's Kimberlie Boot, Black Microfiber, 10 M USNine West Women's Layitout Suede Boot, Dark Taupe, 7.5 M US , Women Fashion Brown Warm Winter Snow Ankle Boots Waterproof Non-slip Shoes- 10 , Not Rated Women's So Gully Ankle Bootie, Taupe, 10 M US , Opportunity Shoes - Corso Como Women's Pennisula, Silver/Metallic Specchio, 9.5Bella Vita Women's Deryn Boot, Black Suede/Black Gore, 11 N USNot Rated Women's So Gully Ankle Bootie, Black, 6 M USKaty Perry Women's The Evelyn Mid Calf Boot, Almond, 5 Medium USWomen's Fringe Ankle High Comfort Flat Mid Calf Eskimo Fur Winter Warm Snow Boot , Opportunity Shoes - Corso Como Women's Pennisula, Black Brushed Leather, 5.5 M ULifeStride Women's Rockin, Dark Brown Wide Shaft, 5 M US ,
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 Women's VINTAGE Ecco Size 4 UK/6 US Ankle Boots Shoes Black Leather Pull On P9 , LADIES SPOT ON GREY PULL ON CASUAL ANKLE BOOTS F50483 , Use-Custom-Brand Womens Valley Suede Closed Toe Knee High, Dark Grey, Size 7.0 DWomen's Sketchers Outdoor Winter Boots Faux Fur Lined Brown/Taupe Size 7 , LADIES LIGHT TAN JUSTIN ROPER STYLE COWBOY WESTERN BOOT SIZE 6.5 BBareTraps Onnabeth Combat Boots, Black, 8.5 US , Sporto® Sofia Water-Resistant Leather Bootie Zipper Gray Snake 9W NEW 571-656NIB Breckelles Vina 1 Black Suede Open Toe Tie Boot Heel 5 1/2 - 10 US , $199 BCBG MAXAZRIA Women Aubrey Ankle Zip Up Bootie Shoe, Brown Suede, US 9.5Charles by Charles David Women's Player Fashion Boot, Black, 6 M USAK Anne Klein Women's Caelina Ankle Boots 7.5 , madden girl Sargentt Zip Up Block Heel Boots 544, Black, 6.5 USLN Bacio 61 Pesanti Leather Zip & Tie Ankle Boots 10 Dust Grey Booties ShoeZee Alexis Womens Molly Ankle Boots Chestnut 9 M , Vince Camuto Bashan Over-the-Knee Leather Boot Stud BLACK SUEDE 10M NEW 569-856Nine West VERYCOLD SYNTHETIC Womens Verycold Synthetic Flat- Choose SZ/Color. , Prada Bright Green Black Canvas Black Patent Bow Adorable Flats Shoes 39.5 8.5NIB Dolce & Gabbana Leather Multicolor Print Espadrilles size 36 , women's shoes MBT 5 / 5,5 () slip on loafers black leather dynamic AC997-B$398 NIB Stuart Weitzman Flippy Pointy Toe Low Pump Leather Bullet Metal Sz 7 WAdidas Women's F5 TRX FG Soccer Cleats Turquoise Blue Orange US 8 , SKEECHERS Stride Women’s Size 11 SneakersNew Remonte Women's Red/Gold Mary Janes Shoes 39NEW Women's New Balance WR859ST Size 11B (Medium) Supportive Running Shoe White , NEW WOMEN'S VANS Old Skool Cream Cloud CANVAS SNEAKERS Skate SHOES Sz 10 , Vince Camuto Womens bayana Leather Low Top Slip On Fashion, Black, Size 8.0 OVXKWomens Ankle Boots Straps Buckles Platform Chunky Heels Suede Warm Shoes Fashion , Sexy Ladies Hollow Pointed Toe Ankle Boots Stilettos High Heels Pumps Shoes ChicWomens Patent Leather High Block heel Platform Cosplay Shiny Over The Knee BootsSoda Mug Gray Women's Western Ankle Bootie w Low Chunky Block Stacked Heel -6 ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
(NJ-511) Women's FC La Sportiva FC 4.0 localjoes-22086 GTX Hiking Women's Ankle Boots size 7.5 539ee65 Boots
Powered by VIP.