The Buzz
All markets and investing news all the time

Women's DV Brown Brown Vegan DV Ankle Boots- Size Size 10 a423164

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
Brand: Dolce Vita
Material: Synthetic Boot Shaft Height: Ankle
Pattern: Solid US Shoe Size (Women's): 10
Width: Medium (B, M) Heel Height: Low (3/4 in. to 1 1/2 in.)
Heel Type: Block Style: Ankle Boots
Color: Brown Country/Region of Manufacture: China
Features: Buckle, Zip

Women's DV Brown Brown Vegan DV Ankle Boots- Size Size 10 a423164 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Women's DV Brown Brown Vegan DV Ankle Boots- Size Size 10 a423164
Women's DV Brown Brown Vegan DV Ankle Boots- Size Size 10 a423164 -

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 DV Brown Brown Vegan DV Ankle Boots- Size Size 10 a423164

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Women's DV Brown Brown Vegan DV Ankle Boots- Size Size 10 a423164 -
About This Author
Women's DV Brown Brown Vegan DV Ankle Boots- Size Size 10 a423164 -
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
MUK LUKS WOMENS SMALL (5/6) BROWN BEIGE BURGUNDY SWEATER KNIT BOOTS WORN X 1 , THE NORTH FACE Women Winter brown Boots - US size 9.5 - Waterproof - IcepickCOLE HAAN G SERIES HARNESS ANKLE MOTORCYCLE BOOTS LEATHERS SIZE 7.5/38.5 M , SO Image Women's Black Suede Mid-Calf Faux Fur Boot - Size 10 Medium - NEW! , Women's Laredo Kelli brown leather western cowboy boot pull on 11 MLL BEAN Tek2.5 Waterproof Hiking Trail Boot Women 9 9.5 winter snow shoe leatherNEW sz 10 black leather hidden wedge Dolce vita ankle boots , Calvin Klein Black Leather Women's Size 8 Boots Booties Buckle High Heels Zip UpArizona Jean Company Sloan Women US 6M Black Mid Calf Boot Pre OwnedCharlotte Russe Women’s Boots Size 7 Suede , Steve Madden Womens Gorgeous Black Over Knee Boots - Size 9Justin “Gypsy" Lime Green & Brown Leather Western Boots Womens 6.5 L9904 , Womens Mossimo Supply Co Gray Boots - Sz 8.5Sibil Z Fur Lined Suede Wedge Boots 38/8 , Mossimo Faux Fur Combat Boots Size 6 NewDaniel Green Womens Shoes NEW $50 Odessa Brown Textile Suede Fur Boot 8 M , Women's Aravon Beverly AR Boot Black 8.5 BJ. Litvack NiCKS Buffalo Leather Ankle Boots Zipper Brown 38.5 7 7.5 CLASSIC!Biala KEIRAN Women’s Distressed Leather Heeled Ankle Boots Black Size 37 US 7Unlisted Black Eco Suede Platform Booties With Rear Zipper EUC 7.5Bear Paw Women's Size 7 Fall Knit Black Button wool Tall BootsDurango RD3494 Crush Women's Slouch Boot SZ 6.5M , Women’s Target Faux Leather Knee High Riding Boots Zip Up Black Size 6 NWT , Women’s Simply Vera Vera Wang Knee High Boots Sz 6M Emsley Smoke Brown , New Women's Mid Calf Classic Tall Winter Snow Fur Suede Skin Boots , Women's Green Argyle Rain Boots size 7RUBY DRY BLACK SUEDE PLATFORM BOOTS BY AQUATALIA SZ 10 MED ITALYWomens Brown Leather Ankle Boots, Naturalizer, Size 10 M, Side Zip, 2" HeelNine West Brown Genuine Suede PrettyLad Ankle Boots Block Heels size 9M 0512 BN1
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 Step Abouts Gray Suede Fleece LinedAnkle High Boots Size 8WWKathy Van Zeeland Wind Brown Studded Fleur de Lis Riding Boots 6 NewWomen's 6 B Charlie 1 Horse Mules or Slides with Turquoise Insets EUC , Isaac Mizrahi Live Women's Brown Senso Wide Calf Leather Knee-High Boot SZ 7.5 MBare Traps Minay Strappy Booties Boots Black 8 MEnzo Angiolini 'Saevon' Womens Size 5.5 M Brown Leather Knee High Boots , VINTAGE Bottes cavalières GILL'S Cuir Marron T 34,5 TBE , JB MARTIN Bottes Genoux Compensées Cuir Souple Camel T 39 BETecnica W.E. Soft II Moon Boots Purple Euro 39 Women's Size 8 , CORRAL TURQUIOSE/BROWN INLAYED LEATHER WESTERN COWBOY BOOTS 7 M MINT! , Rampage Womens NWB Idaho Black Boots Shoes 10 MED NEW , Charles David Riley Black Matte Leather Knee High Boots Women's Shoes Size 8.5 M , AQUATALIA Women's STUNNING LEATHER WEDGE HEEL MID-CALF FASHION BOOTS Black 8 1/2Talbots Gommus Exotic Gator Print Embossed leather loafers Size 8 N made in USAMelissa Black / White Jelly Ballet Flats Tuxedo Women's Size 8 $139 , Dansko Adelle Leather Mary Janes, Women's - Size (US 10.5-11), Brown , VALENTINO GOLD METAL STUDS, IVORY LEATHER, 4 1/4"=110 MM SANDALS,IT37=US7,$ 995 , AQUAZZURA BELGRAVIA ESPADRILLES FLATS SANDALS, SIZE 36DANSKIN ATHLETIC SHOES~Gray & Pink~Lightweight~Flexible~Molded EVA Insole~NWTstylish women embroidery floral flat heels round toe slipper loafer shoes casualCHARLOTTE OLYMPIA MARINA WASHED DENIM SIZE 37 MSRP $495Salvatore Ferragamo Women's Beige Suede Loafers Size 7.5 , Women's Brooks Ghost 10 Running Shoes Grey/Rose Gold/Black 1202461B 081Keen Oakridge Waterproof Hiking Shoes - Women's Size 9, Gray/PinkNike Flyknit Lunar 2 Women's Running Shoes Size 7 M Pink Style 620658-615New Womens High Top Sneakers Boots Breathable Athletic ShoesThick Heel 2017 Hidd , New Balance Womens Ww813wt White Walking Shoes Size 8.5 (C,D,W) (29276)Women's New-Women Shoes size 10 Boots , Women Super High Heel 14CM Wedge Round Toe Zipper Platform Bare Boots Sbox1 , Brinley Co Women's Lanet Ballet Flat, Pink, 7 Regular US ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Women's DV Brown Brown Vegan DV Ankle Boots- Size Size 10 a423164 Boots
Powered by VIP.