The Buzz
All markets and investing news all the time

Women's Boot- 27038 Eastland Womens Boot- Pick SZ localjoes-27043/Color. Boots bbf83d3

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
UPC: 0094352466492
Style: Causal Brand: Eastland
US Shoe Size (Women's): Multiple Variations Model: Aztec 1955
Size Type: Regular MPN: Aztec 1955
Material Type: synthetic

Women's Boot- 27038 Eastland Womens Boot- Pick SZ localjoes-27043/Color. Boots bbf83d3 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Women's Boot- 27038 Eastland Womens Boot- Pick SZ localjoes-27043/Color. Boots bbf83d3
Women's Boot- 27038 Eastland Womens Boot- Pick SZ localjoes-27043/Color. Boots bbf83d3 -

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%.

Women's Boot- 27038 Eastland Womens Boot- Pick SZ localjoes-27043/Color. Boots bbf83d3

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Women's Boot- 27038 Eastland Womens Boot- Pick SZ localjoes-27043/Color. Boots bbf83d3 -
About This Author
Women's Boot- 27038 Eastland Womens Boot- Pick SZ localjoes-27043/Color. Boots bbf83d3 -
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
Women's MINNETONKA Shoes Brown 7 BootsWomen's Black fringed boots USA BootsWomen's LUFTPOLSTER LEATHER BOOTS SZ 6 BootsWomen's Earth Women's Merlin Boot BootsWomen's Aerosoles Womens stockholderBoot- Pick SZ/Color. Boots , Women's Lucky Women's LK-FAITHLY2 Ankle Boot BootsWomen's Lucky Women's LK-Loreniah Fashion Boot BootsWomen's Naturalizer Women's Dawson Chelsea Boot BootsWomen's GUC Size 7B Ariat boots Boots , Women's Liliana Rhinestone-Embellished Split-Front Stiletto Booties Boots , Women's bottines "BL" cuir noir 38 Boots , Women's Kurt Geiger Pink Platform Boots Boots , Women's Ladies s.Oliver 25390 Navy Boot BootsWomen's Italian pink boots Boots , Women's Bottes noires Papucei BootsWomen's Zara Boots New Boots , Women's Roxy Womens Dallas Boot ARJB700368 Boots , Women's Limelight Boots Brown Gr.39 BootsWomen's Black Suede Stiletto Boots , Women's Sam-Edelman-Penny-Knee-High-Boot-Soft-Burnished-Leather-Whiskey-Size-7-5 NEW Boots , Women's Aketohn Women's Boots BootsWomen's SoftWalk Women's Charming Ankle Bootie Boots , Women's Black long calf boots BootsWomen's Ahnu Rain Boot Size 8.5 BootsWomen's Bogs Berkley Black Womens Boots BootsWomen's Santiags Massimo Lonarda 39 neufs Boots , Women's Dr.Martens Maelly Black Womens Boots Boots , Women's Red Suede Stiletto BootsWomen's Bowknot Engraving Ankle Boots Boots ,
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 Ladies Spot On Synthetic ankle boot F50360Lands End Brown Faux Leather Engineer Zip Mid Calf Boots Womens Size 6 , Rue 21 Women’s Slouch Boots Size 7/8 Black Faux Leather Pull On Knee High , 14th & Union Women's Black Rubber Rain Boots 8 MROCKPORT Janae Brown Leather Platform Boots, Size 10, Adiprene Lining, EUCMichael Antonio Women's Gimlet Ankle Bootie, Steel, 5.5 W USFranco Sarto Pisces Women's Boots Taupe , Sam Edelman Maddox Leather Side Zip Ankle Boots Heels Shoes Sz 10M , Biala Ashton Maroon Red Leather Wedge Side Zip Ankle Booties Boots Shoes Sz 37 M , Dr Martens Les Dk Brown Leather Fur Lined Hi Top Chukka Boots Women's 5 New$145Material Girl Women's Bonita Boot (6.5, Brown) , LORD & TAYLOR Ankle Boots Heel Brown Suede Women's 8.5 , Markon Taurus Woman’s Suede Mid Calf Boots Sz 8 Black New In Box!Women's HARAJUKU LOVERS Preppies Flats SZ 7 Never Worn Red/Blue Patent LeatherSTEVEN by Steve Madden Lanii Espadrille Flats 343, Blue Pony, 7 US , AUTH LUXURY PRADA SNEAKER SHOES 3S5802 BLUE SUEDE NEW US 10.5LANVIN $890 White Leather Tassel Detail Classic Loafers 40 NEW , tory burch ballet flats Size 9.5 , NAOT Women's Oleander Flat - Choose SZ/Color , Merrell womens two tone brown mocha Mimosa Glee suede hiking 9 M EUC MINTGrey & Teal Converse All Star Tennis Shoes Casual Sneakers Size 5 Women , SAM EDLEMAN FAYTH 227191 champagne jeweled leather ballet flats sz. 5.5 MBlondo Womens gatsby Hight Top Zipper Fashion Sneakers, Black Leather, Size 9.5 , New Balance Women's FuelCell Running Shoe - Choose SZ/color , Women's Running Shoes Breathable Outdoor breathable cool mesh space Sport ShoesJoya Ortholite Venezia Light Women's Gray Toning Walking Sneakers Shoes Size 10 , Women's Frankie 4 FlatsP.W. Minor Womens Performance Walker Strap, White (81336)Aetrex Women's Berries Clog Blackberry Stretch Fabric/Leather Comfort Shoes , Dansko XP 2.0 Clog Black Patent Leather Comfort 8.5-9
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Women's Boot- 27038 Eastland Womens Boot- Pick SZ localjoes-27043/Color. Boots bbf83d3 Boots
Powered by VIP.