The Buzz
All markets and investing news all the time

Khombu Women's Ski Boot, Team Snow Women's Boot, White, Ski Size 6.0 9318fe3

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
Brand: Khombu
Color: White Style: Riding, Equestrian
Pattern: Solid Width: Medium (B, M)
US Shoe Size (Women's): 6 UPC: 619649855713

Khombu Women's Ski Boot, Team Snow Women's Boot, White, Ski Size 6.0 9318fe3 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Khombu Women's Ski Boot, Team Snow Women's Boot, White, Ski Size 6.0 9318fe3
Khombu Women's Ski Boot, Team Snow Women's Boot, White, Ski Size 6.0 9318fe3 -

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%.

Khombu Women's Ski Boot, Team Snow Women's Boot, White, Ski Size 6.0 9318fe3

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Khombu Women's Ski Boot, Team Snow Women's Boot, White, Ski Size 6.0 9318fe3 -
About This Author
Khombu Women's Ski Boot, Team Snow Women's Boot, White, Ski Size 6.0 9318fe3 -
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
Kenneth Cole Reaction Womens Reach The Stars Peep Toe Ankle Fashion BootsNew ladies Gray flat Round Toe Top/ankle Buckles Sexy Over Knee Boot Size 8.5 , Fergalicious Women's lexis Western Boot, Cognac, Size 6.5 eVht , KICKERS Bottines Enfants Cuir Marine T 34 TBEUrban Outfitters Cooperative leather ankle booties ariel women size 8 specklenew ladies Tan 4.5"block High Heel Round Toe Side frill Sexy Knee Boots Size 8.5 , STONE PRIMETIME-21M Women Faux Leather Low Cut Fringe Ankle Boot Size 8Ellie Shoes Women's 609-fare Engineer Boot,Womens Brown Rust 4" Block Heel Round Toe Sexy Ankle Boots Size 10 , Dakota Women's 6" Quad Basic Brown Work Boots 7.5M , Bamboo Black 1" Low Thick Heel Snow Knee Boot Size 8 , Kenneth Cole Reaction Rocky Hill Women's Brown Leather Knee High Boots Size 5.5Propét Womens Dayna Leather Closed Toe Mid-Calf Cold Weather Boots , Durango Women's DRD0153 Western Boot Black/Brown Size 8.5$109 size 9.5 Bare Traps Gallant Black Heels Knee High Boots Womens Shoes New , Women Paprika Shoes Swamo-H Ankle Boots Brown Size 7.5 , Vasque Mica Mid Boot 7433 GoreTex Waterproof Trail Hiking Women 7.5 Leather Shoe , Black Blue Denim Distressed Pointy Round Toe Chunky Heels Thigh High Boots , new Black 4.5"Stiletto High Heel Pointy Toe Sexy Stretch/quilt Knee Boots Sz 10MARC Germany Real Leather Brown Mid Calf Womens Zip Moto Boots Sz 5.5 UK , Mi Bottes SEMOS Cuir Marron Foncé T 38 BEnew ladies Black 1.5"Hidden Wedge Heel Round Toe Sexy Knee Boot Size 8.5ROSE PETALS by WALKING CRADLES $324 TAMARA BLACK NAPPA Riding Boots Shoes 6.5 WW , Fergalicious Womens baracade Closed Toe Ankle Fashion Boots , Steve Madden Jlynxx Big Girl's Cognac Studded Riding Boot 5M$129 size 7.5 Alfani Jadah Black Knee High Riding Boots Womens Shoes , Lov Mark Women's Dark Wine Faux Suede Ankle Booties Size 7CHAUSSURES BOTTINES HIGH HEELS BOOTS FEMME CHAUSSURES STRASS GLITTER 37Brown/Gray1.5" Hidden Wedge Comfortable Side Buckle Mid-Calf Boot 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 DINGO Women's Ankle Boots Black Leather Side Zipper Buckle Strap Size 9WOMENS SZ 6 CUTE BLACK STUDDED ANKLE BOOTS MOSSIMO LOW HEELUNBRANDED BLACK POINTED TOE STRAPPY ANKLE BOOTS WOMEN SIZE 10M , Elizabeth And James Cognac Leather Wedge Bootie W Box And Duster. 35.5 , New Women's Autumn Winter Short Boot High Heel Shoes Warm Ankle Boots shoesColin Stuart Knee High Ladies Boot With Faux Snake Skin Tip(sz8/Euro 38-39)BROWNIVANKA TRUMP Women 6.5 Black Suede Leather Booties Ankle Buckle Boot Shoes WoolMinnetonka Womens Lacy Suede Fringe Bootie - Charcoal Size US 7 |Jennifer lopez womens wedge boots size 8 alpina cream euc , Women Back Stripe Ankle Boots Pointed Toe Med Block Heel Zipper Leather ShoesNIB BCBGeneration Dolan Womens Stretch Suede Ankle Bootie Sz 7 M Taupe $129 , Antonio Melani  Designer Real Bovine Hair Synthetic Ankle Boot Animal Print 10M , Franco Sarto Marta Womens Ankle Boots Black Size 6.5 , BLACK OR RED PATENT LEATHER BALLET PUMPS SIZE 10-16 HEELS-8,5"- PRODUCER- POLAND , Piche Abahouse Shoes 021279 Black 36 , Steve Madden Womens Choppur Closed Toe, Pewter Mul, Size 5.5 , Caterpillar CAT Alexi Womens Black BootsClarks Suede Ankle Boots - Whistle Ranch 8.5 wide blackClarks Brown Ankle Boots 8 ** Free Shipping** , Rocket Dog Temecula Womens Boots Heather Gray 8 M New in original boxMARNI Black Mocs Loafers Flats Oxford Dress Shoes Size 39.5/9.5 (3805) $600+ , Earth Womens Pineberry M- Choose SZ/Color. , 100% AUTHENTIC BOTTEGA VENETA LADY'S FLAT SHOES BURGUNDY SUEDE LEATHER SIZE 8.5Womens Spring Step Brown Leather Cross Strap Comfort Shoe Size 38 (8US) , Gianvito Rossi Metallic Gold Wash Leather Self-Tie Tassel Moccasins US7~RTL$675 , Pink & Pepper Women's Prosper Fashion Sneaker, Blue/White, 7 M USNike Free 3.0 Barefoot Running Shoes 636231-600 Women’s Size 10Y-3 Yohji Yamamoto Shochi Gold Sport Sneakers 7.5 , Heavy Air Video 7W Black White Blue Vegan Silver Weighted Heel Women's Shoe GLB , Aquatalia SZ 8.5 Brown Suede Mid Calf Wedge Heel Weatherproof Boots
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Khombu Women's Ski Boot, Team Snow Women's Boot, White, Ski Size 6.0 9318fe3 Boots
Powered by VIP.