The Buzz
All markets and investing news all the time

Columbia Womens Twentythird Twentythird Ave WaterProof 8 Mid Womens Print Boot Size 8 Elk NIB 50a36ed

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
Country/Region of Manufacture: China
Features: Waterproof Style: Trail/hiking/winter
Color: Brown US Shoe Size (Women's): US 8/UK 6/EU 38.5
Occasion: Walking, Hiking Heel Height: Flat (0 to 1/2 in.)
Brand: Columbia Width: Medium (B, M)
Toe Type: Round Toe Fastening: Lace Up
UPC: 190540740297

Columbia Womens Twentythird Twentythird Ave WaterProof 8 Mid Womens Print Boot Size 8 Elk NIB 50a36ed -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Columbia Womens Twentythird Twentythird Ave WaterProof 8 Mid Womens Print Boot Size 8 Elk NIB 50a36ed
Columbia Womens Twentythird Twentythird Ave WaterProof 8 Mid Womens Print Boot Size 8 Elk NIB 50a36ed -

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%.

Columbia Womens Twentythird Twentythird Ave WaterProof 8 Mid Womens Print Boot Size 8 Elk NIB 50a36ed

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Columbia Womens Twentythird Twentythird Ave WaterProof 8 Mid Womens Print Boot Size 8 Elk NIB 50a36ed -
About This Author
Columbia Womens Twentythird Twentythird Ave WaterProof 8 Mid Womens Print Boot Size 8 Elk NIB 50a36ed -
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
EUC Ariat Women's Brown Leather Roper Cowboy Western Boots Sz 6.5 B , Jefferey Campbell ankle Ibiza 5' heel boots Women Blue/Gold Size 7.5$149 STEVEN BY STEVE MADDEN BROOKER GREY/TAUPE FLORAL SUEDE BOOTIE US 7.5MTory Burch Powder Suede Wade Ankle Boots In Metallic Gold Size 8 VgucSam Edelman Black Leather Maddox Ankle Boot Size 9M , VANELi Laverne Boot - Women's Size 8M Black , CLEARANCE$$ Vince Camuto BLACK Leather Studded Knee Hi Boot 5.5M (msrp$189+)Sz 8.5 - Joe's Jeans Hanover Women'sAldo Womens Boots Size 37 (7) , NIB Women's Sam Edelman Tan Suede booties Size 8-1/2 MediumASH Womens Boots 10 EU41 Black Leather Wedge Zip Fringe Top Lined Knee HighWomens Patron Perugia Boots Stina Shoes Beige Leather Knee High Boots Sz 8 M NEW , Sole Society Sparrow Nubuck Booties Slits Black Tan 7.5 NIB , Women's Minnetonka Boots - Olympia - Indigo - New in Box!!FRANCO SARTO OSTERIA Womens Wedge Knee High Boots Suede Sz. 10 M $189.95 , Sperry Top-Sider Women's Western Walker Tall Rubber Rain Boots Red Plaid Size 6MVTG THOM McAN McANN British Tan WMNS Campus Cowboy Western BOOTS SZ 8.5 , Exclusive black boots, peep toe, buckles, zippers green, red, blue and yellow , Calvin Klein Priya Over the Knee Boots 343, Black, 7 US / 37 EUExtreme by Eddie Marc Sammi Black Faux Fur Lined Over the Knee Boots. Size 5Pajar CANADA Chloe Boot - Women's Size 8, Black (Repair) , Splendid Danele Ankle Boots - Women's Size 9, TaupeJBU Mendocino Tan Brown Winter Snow Boot Womens Size 9 , Kelsi Dagger Brooklyn KDB Kellum Western Ankle Boot Black Leather Clog Mule , Steve Madden Hanna Harness Boot 121, Black Suede, 8 US , West Blvd Boston Quilted Riding Boots - Women's Size 5.5-Brown , Brand New Brown Skechers Boots - Size 7HUSH PUPPIES RUSTIQUE ANKLE BOOTS BLACK WP LEATHER INSULATED WATERPROOF 10 , 5.5 6 36 ZARA Chocolate Brown Suede Leather Tall Cuffed Knee Skinny Wedge 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 Nine West Brown Womens Ankle Booties Leather 7.5M Heels Belted Amoro FashionShoeKhombu Womens Jenna Leather Closed Toe Mid-Calf Cold, Black/Tan, Size 6.0 , BEARPAW Boots Dark Brown Suede Sheepskin Lining Women's Size 10 great condition , GB35 Baari Ankle Boots, Cacao Leather , Womens Twin Toggle Classic Short Fur Waterproof Winter Rain Snow Boots 3-9Marc Fisher Womens Felissa2 Fabric Almond Toe Knee High Riding, Blue, Size 5.5 , Fashion Ankle Boots Womens Side Zipper Pointed Toe special High Heel Shoes Hot , TAHARI ANDY BLACK LEATHER BOOTS w/ ZIPPERS SIZE 6.5MStyle By Charles David Connor Boot - Women' Size 7.5 M, NavyWomens Steve Madden Boots Eton White Knee High Tall Slouch White Leather 6.5Charles David Melody Mule - Women's Size 4.5 Light Brown , J. Crew Womens Brown Leather Flats 11 , NWB $595 Giuseppe Zanotti Blush Satin Lip Tassel Fringe Loafers Shoes SZ 38/8NEW J.Crew Collection Studded Penny Loafers Black $350 Sz 10.5 RARE!!!roman womens buckle strap hidden Y1 med heel creeper zip platform shoes sneakers , Fashion Skull Cross Training Shoes Women's Running Shoes Breathable Sport ShoesWinter Fashion Casual Korean Athletic Loafer Sports Ankle Boots Men's shoes OP60 , Womens Merrell Chameleon Arc Wind Canteen Walking Trail Hiking Shoes Size 7.5 , Rockport Total Motion Adelyn Ballet Flats Merlot Patent Size 10M $110 , JCrew $168 Kiki Glitter Ballet Flats 6 Silver Blue Pink F5730 sparkle multi SWAG , Feragamo Shoes Low Heels Compfy Sandal Purple Pink Pump Shoe 6B Size 6 36 lightStuart Weitzman Sparky Suede Ballet Flats Nice Blue Suede Crystal Studs 8 M NIB , Teva Ember Moc W Burnt Olive Womens Slip-On Size 6M , CLEMENCE GOLD LMSP70 Women's Shoes Size 7.5 M Leather Zip Up Mephisto , Women's Shoes Sun68 Ally Horse Body White Sneaker Fall Winter 2019 , Women's Vans overwashed old skool Reissue BootsWomens Low Heel Round Toe Over Knee High Boots Cuffed Pull On Faux Suede ShoesNew Savvy Slip Resistant Nurse Work Shoe Clog Black Silver Stripe Sz 11 NIB , Women Steel Toe High Top Antislip Anti Puncture Working Safety Winter Warm Boots , Adidas Women's NMD R1 Prime Knit White/ White- CQ2040 ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Columbia Womens Twentythird Twentythird Ave WaterProof 8 Mid Womens Print Boot Size 8 Elk NIB 50a36ed Boots
Powered by VIP.