The Buzz
All markets and investing news all the time

Mukluks Women Red Brown Faux Fur Feather Brown 27005 Calf Calf Boots Sz 10 106c26f

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
Style: Mid-Calf Boots
Brand: Mukluks US Shoe Size (Women's): US 10

Mukluks Women Red Brown Faux Fur Feather Brown 27005 Calf Calf Boots Sz 10 106c26f -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Mukluks Women Red Brown Faux Fur Feather Brown 27005 Calf Calf Boots Sz 10 106c26f
Mukluks Women Red Brown Faux Fur Feather Brown 27005 Calf Calf Boots Sz 10 106c26f -

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%.

Mukluks Women Red Brown Faux Fur Feather Brown 27005 Calf Calf Boots Sz 10 106c26f

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Mukluks Women Red Brown Faux Fur Feather Brown 27005 Calf Calf Boots Sz 10 106c26f -
About This Author
Mukluks Women Red Brown Faux Fur Feather Brown 27005 Calf Calf Boots Sz 10 106c26f -
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
Lifestride X-Must Wide Calf Boot - Women's Size 9W - Black NEW! , Katy Perry The Grace Bootie, Women's Size 8.5, Grey , VIONIC Serena Bootie - Women's Size 7, BlackNorth Face Women's Nuptse Purna Winter Waterproof Faux-Fur Grey Boots US 7.5 , Women's $148 Vince Camuto ruby Jerrell suede bootie heels! Size 8.5 , NWOB Lucky Brand Womens Yakeena Black Suede Zipper Wedge Bootie Boots Size 12MMac J Olive Green Studded Wide Top High Heel Thigh Boot Us Size 7-11 , New Women`s Vionic with Orthaheel Technology Splendid Mitzi Shoes 352MITZI , Vagabond Lottie Women's Henna Side Pull On Low Heel Chelsea Ankle Boots New , *Bottes Sexy Aspect Cuir Mode Fashion Haut Talons 14Cm P35 - 40! NEUVES! , Bottes Sexy Aspect Daim Mode Fashion Talons 13,5 Cm! P34 - 39! NEUVES! , Funtasma by Pleaser Womens Lust-2000 Boot- Pick SZ/Color. , �NEW !Cuissardes CUIR Talon Aiguille Métal 11CM Sexy et Confortable ! 34-43!J. Adams Tess Western Bootie - Slip On V-Cut Out Metal Tipped Stacked Heel Boot , Charles by Charles David Women's Gunter Fashion Boot, Black B, 8 Medium US , XOXO XO163021 Womens Annabella Ankle Bootie- Choose SZ/Color.Skechers BOBS Women's Bobs B-Loved-Fall 4 You Ankle Boot Black 5.5 M US , Very Volatile DENSY Womens Densy Riding Boot- Choose SZ/Color. , Nine West Women's Gellen Mid-Calf Boot, Natural, 6 M US , Forever Link Women's Focus-33 Boots, Stylish Pull-On Over-The-Knee Blk US-7.5 , Sugar Women's Nectar Ankle Bootie, Cognac, 9 M USRockport Women's Gail Patch Ankle Bootie, Olive Grey Leather, 6.5 M US , Rocket Dog SALOMAFS Womens Saloma Francois Pu Ankle Bootie- Choose SZ/Color.Lauren Ralph Lauren Women's Alexandrea, Modern Navy, 10 B US , Jessica Simpson JS-RAQUELLE Womens Raquelle Flat Sandal- Choose SZ/Color.Jessica Simpson JS-JAYLEESA Womens Jayleesa Wedge Sandal- Choose SZ/Color. , Rocket Dog MENLOCT Womens Menlo Coast Fabric Western Boot- Choose SZ/Color.Not Rated Women's Sassy Classy Riding Boot, Brown, 8 M USLifeStride Women's Maximize Ws, Dark Grey, 6.5 W 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 Sporto Drape Soft Lined Wedge Ankle Boots, New Tan, 12 US DisplayClarks Artisan 74053 Womens US 7M Brown Leather Low Ankle Strap Zip Up Boot VGUC , SAM & LIBBY Black Women's Booties/Boots-Size 8 , DOLCE VITA $229 KENDAL BLACK Suede High Heels BOOTIES ANKLE BOOTS CHAIN 8.5 MED HARDY CHRISTIAN AUDIGIER WOMEN GEISHA WINTER BOOTS SHOES SIZE 5 6 7 8 , Cole Haan Air Tech Sz 6.5 Brown Knee Riding Boots Buckle Elastic Calf Low Heel , Chinese Laundry Womens Avona Heeled Boot Shoes, Distressed Mauve, US 6.5XOXO XO163013 Womens Barron Ankle Bootie- Choose SZ/Color.Khombu Lisa Women's All Weather Winter Boots Size 8Unisa Womens zali2 Almond Toe Ankle Fashion Boots Black Size 8.0 4hDFNEW H&M WOMEN'S BLACK FAUX SUEDE LEATHER KNEE HIGH BOOTS SZ 5.5 ROUND TOE $60 HMDKNY - WOMENS CASCADE WEATHERPROOF BOOTS - BLACK - SIZE 8 - NWOTWomen Chunky Heels Ankle Boots Tassel Chain Decor Side Zip Suede Leisure Shoes , Womens Embroidery Suede Chunky Heel Knee High Boots Square Toe Retro Shoes , Ladies Club Shoes Synthetic Leather High Heels Zip Over Knee Boots US Size b193Vince Camuto Jody Women's Black Suede Pointed Toe Ankle Boots Size 7.5SAS NEW Metallic Pink Slip On Casual Sneakers Shoes Womens Size 8 M , Sam Edelman Women's Paris 2 Mule, Black/Black Multi, Size 6.5 , Jessica Simpson Monetah Bow Tie Flats 520, Light Gold, 7 US / 37 EUAcne Studios Black Amina Slide Mule Size 36 NIB $470 , PRADA Green Ballet Ballerina Iridescent Patent Leather M Flats Size: M , BURBERRY Natural Canvas & Tan Leather Ballet Flats Shoes Sz39.5FEIT Hand Sewn Women's shoes Blue Speckeled Suede size 35FRYE Women's Leo Two-Piece Espadrille Flat - Choose SZ/Color , Salvatore Ferragamo Ballet Flats Patent Leather Cap Toe Shoes Bow Spectator 7B , Clarks Women's Haley Stork Loafers Green Nubuck Size 9 Narrow (N)Jambu Women's Rosetta Mary Jane Flats Charcoal Distressed Grey Vegan shoes New! , Saucony Womens Breakthru Running Shoe- Pick SZ/Color.New Scarpa Mojito Fresh Abyss Mint Outdoor Shoes 32608-350 Women Sz 7.5 LeatherNIKE WOMEN'S ZOOM BREATHE 2K12 SIZES 5.5 & 9 NEW/BOX WHITE/BLUE 518294 144
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Mukluks Women Red Brown Faux Fur Feather Brown 27005 Calf Calf Boots Sz 10 106c26f Boots
Powered by VIP.