The Buzz
All markets and investing news all the time

B.O.C. by Born Ankle Z20657 Delavigne Coffee Strap Ankle Boots with localjoes-27758 Strap and Buckle Accent 3979a1d




Item specifics

Condition:
New with box: A brand-new, unused, and unworn item (including handmade items) in the original packaging (such as ... Read moreabout the condition
Material: Man Made
Color: Brown Width: Medium (B, M)
Heel Height: Low (3/4 in. to 1 1/2 in.) Brand: B.O.C. by Born
Country/Region of Manufacture: China Pattern: Delavigne
Fastening: Zip Style: Ankle Boots

B.O.C. by Born Ankle Z20657 Delavigne Coffee Strap Ankle Boots with localjoes-27758 Strap and Buckle Accent 3979a1d - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
B.O.C. by Born Ankle Z20657 Delavigne Coffee Strap Ankle Boots with localjoes-27758 Strap and Buckle Accent 3979a1d
B.O.C. by Born Ankle Z20657 Delavigne Coffee Strap Ankle Boots with localjoes-27758 Strap and Buckle Accent 3979a1d - hollisbaker.com

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%.

B.O.C. by Born Ankle Z20657 Delavigne Coffee Strap Ankle Boots with localjoes-27758 Strap and Buckle Accent 3979a1d

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
B.O.C. by Born Ankle Z20657 Delavigne Coffee Strap Ankle Boots with localjoes-27758 Strap and Buckle Accent 3979a1d - hollisbaker.com
About This Author
B.O.C. by Born Ankle Z20657 Delavigne Coffee Strap Ankle Boots with localjoes-27758 Strap and Buckle Accent 3979a1d - hollisbaker.com
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
Contributors
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
 
Dolce Vita Iona Ankle Boot - Size 8 Black Suede Leather ~ New in BoxNew Enzo Angiolini Women's Tall Shaft Boots Black Leather Size 6FLY London Perforated Leather Wedge Sandals - Yake Black/Wht sole) 38(7-7.5)John Fluevog Women’s Black Booties With Side Zipper Pointed Toe Need Repair Sz11Vagabond Marja Taupe Suede Ankle Boot - NEW - Sz 38Women's Justin USA BRL212 Gold Tanish Brown Damiana Cowboy Western Boots Sz 6 BNEW Bearpaw NATALIA PLUM NEVERWET Suede Tassel Accent Ankle BootJohnston & Murphy Black Tall Boot W/Heel -Pebbled Leather SZ 10 WomenHunter For Target Women's Waterproof Ankle Rain Boots Pink Size 10Womens Dark Slate Tall Original Hunter Boots Size 6m. Fits Womens 7 In Reg Shoes , NIB Clarks Women's Nevella Bell Soft Cushion Dark Taupe Suede Ankle Boots 7.5M , Blondo Vegas Waterproof Bootie - Women's Size 9.5M Brown , VINCE CAMUTO Black Leather Zip Quilted Knee High Riding Boots Size 10 B Rianer , Ariat Women's Heritage R Toe Brown Western Cowboy Cowgirl Boots 10001015 Size 6B , Sam Edelman Shelby Ankle Boot - Women's Size 7M Black , MIZ MOOZ Black Leather Astor Tall Boots Sz 11BOGS DAKOTA 71419 TALL BROWN WESTERN RUBBER WATERPROOF RAIN RIDING BOOTS 8 39 , Sam Edelman Brown Suede Tall Boots with Heel Size 6 1/2 6.5Miz Mooz Leather Cut Out Sandals w/ Stud Details - Tessa 37 (6.5-7) , Giani Bernini Dafnee Women's Boots BlackEileen Fisher Booties Suede Chunky Heel Black Womens 7 , Kenneth Cole Reaction Size 9.5M Gray Riding BootsBRAND NEW LEVI'S WOMENS LEATHER MAINE BLACK BOOTS SIZE 9Women’s 8.5/9 Men’s 7 Justin Cowgirl Cowboy Boots Brown Tan Leather Stitching , Reiker Anti Stress Woman Winter Suede & Fur Boots Fur Ties Size 7.5 US 38 EU , The North Face - Women's Pull-on Boots - Brown - Size 10 , New AUSTRALIA LUXE 'Cosy' Short Snake Print Shearling Boots 9 US , Franco Sarto Edaline Wrap Around Ankle Tie Boots, TobaccoWomen's Hunter Sz 6.5 Rain Boots Winter Blue Rubber Waterproof Great Britain N6
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 Lug Combat Cap Toe Booties Women's Vegan Leatherette Ankle Boots , 2019 winter women boots rabbit ears cute boots waterproof velvet thick shoes. , Black Thigh High Boots Aldo Zara Forever 21 AritziaLifestride Pays Booties, Women's Size 8 W, Tan , 01-47 Sam Edelman Cambell Heeled Booties Mahogany SIZE 10.5MVTG Women's Suede Leather Marshmallow Boots 6 EUC Full Calf TRUE VINTAGE EUCAlberto Fermani Women's Blue Suede Riding Boots Shoe Size 39 NEW! , HANA MACKLER off white cream mid calf buttery soft leather 80's boots 7 MAnkle boots sprung woman high heel large booties perforated summer , Stuart Weitzman Boots 6 US 37.5 EU Light Brown Leather Booties 3" Heel , Tory Burch Women's Caramel Leather Round Toe Ballet Flats US Size 7 M , Bottines SAN MARINA Cuir Gras Marron T 40 TBE , Modern Vice Black Women Leather Metal Studded Slip On Ankle Biker Boots Size 6.5 , Lowa Women’s Jannu Mid Vibram Trekking Hiking Boots Blue Size 6 , Blake Brody Women's Kate Walking Shoe , Women Fur Furry Leather Embrodiery Mules Slipper Slip On Loafers Shoes Plus SizeLADIES SHOES/FOOTWEAR - Cassini Merma black bootFinn Women's Savannah Leather Shoes Coffee Chest 3573-900764Jambu WJ16MTA01 Womens Montana Flat- Choose SZ/Color. , Blundstone 500 Stout Brown Womens Leather Slip-On Chelsea Ankle BootsTod's penny loafers, black suede, women's shoe size, US 10.5 $420Prada Women's Multi-Color Leather Ballet Flats Shoes Sz 5.5 8.5Donald J Pliner Black Loren Flats - 5MEthnic Vogue Loafers Leather Rhinestone Floral Printed Platform Slip On Shoes , SPERRY TOP SIDER SEASIDE PERFORATED PERF WHITE WOMENS SNEAKER BOAT SHOESBellini Women's Softee Laser Cut Flat Black Buck FlatsNEW ASICS QUANTUM 180 WOMENS CUSHIONED SPORTS RUNNING SHOES , Women's CLARKS Women's Leisa Sadie Mule Flats , Women's NEW BRUNELLO CUCINELLI WOMENS MULES FlatsWomen's Antonio Melani boots Boots
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
B.O.C. by Born Ankle Z20657 Delavigne Coffee Strap Ankle Boots with localjoes-27758 Strap and Buckle Accent 3979a1d Boots
1068723
3106306
3472548
3691292
7877330
9689837
10355768
10942958
15167503
Powered by WordPress.com VIP.