The Buzz
All markets and investing news all the time

Womens Snow Boot Quilted Tall Winter Snow 27800 Waterproof Boot Warm Snow Rain Boot 9 Beige f2169e4

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
EAN: 5054616372827
Dimensions: L 14.6 x W 11.7 x H 4.4 inches Brand: Polar Products
UPC: Not Applicable Binding: Apparel
ISBN: Not Applicable Color: Beige Suede
US Shoe Size (Women's): 9 B(M) US Department: womens
Style: Not Applicable Weight: 2.45 lbs

Womens Snow Boot Quilted Tall Winter Snow 27800 Waterproof Boot Warm Snow Rain Boot 9 Beige f2169e4 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Womens Snow Boot Quilted Tall Winter Snow 27800 Waterproof Boot Warm Snow Rain Boot 9 Beige f2169e4
Womens Snow Boot Quilted Tall Winter Snow 27800 Waterproof Boot Warm Snow Rain Boot 9 Beige f2169e4 -

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%.

Womens Snow Boot Quilted Tall Winter Snow 27800 Waterproof Boot Warm Snow Rain Boot 9 Beige f2169e4

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Womens Snow Boot Quilted Tall Winter Snow 27800 Waterproof Boot Warm Snow Rain Boot 9 Beige f2169e4 -
About This Author
Womens Snow Boot Quilted Tall Winter Snow 27800 Waterproof Boot Warm Snow Rain Boot 9 Beige f2169e4 -
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
Trotters Women's Shannon Ankle Bootie, Dark Brown, 11 N USBC Footwear Women's Cuddle Ankle Bootie, Taupe, 7 M US , Material Girl Women's Melation Boot (7, Black) , Sexy 3" High Heel Gogo Dancer Silver Knee Boots Halloween Costume GOGO300/S/PU , Kamik Women's Snowvalley Snow Boot, Orange/Brown, 6 D USBOTTES EN CUIR FACON BASKET MONTANTES LEPI T 40 MARRON TALONS PLATS TBE SAC F , Sexy Pleaser 4" Chunky Heel Platform Stretch Matte White GoGo Knee Boots 6-14 , Seychelles Women's Theater Ankle Boot, Black, 7.5 M USARRAY Womens logan Leather Closed Toe Mid-Calf Fashion Boots, Whiskey, Size 11.0 , Sexy 3" High Heel Gogo Dancer Hot Pink Knee Boots Halloween Costume GOGO300/HPBlack Round Toe 1" Block Heel Over Knee Sexy Boot Side Zip Size 8.5 , Inc International Concepts Women's Gutsy Ankle Booties Black Suede 7.5 , Womens $90 Vera Wang Ladies Platform Heels Wedge Ankle Boots Booties BLACK 9.5J Slides Women's Austin Boot, Chestnut, 8 M US , Trotters Women's Monte Ankle Bootie, Black, 8.5 M US , Lucky Brand Women's Shaynah Ankle Boot , Brown Toe Spikes 1" Low Block Heel Combat Sexy Ankle Boots Size 6.5Lucky Brand Women's Kaarina Fashion BootWomen's Via Spiga Brown Suede Ankle Boots US 6.5M Sz Excellent, Made in Italy!!!Bella Vita Women's Zelda Ankle Bootie, Almond Kid Suede, 11 M US , $985 Sexy SERGIO ROSSI Black Stretchy Leather Ankle Boots Sz 40 9.5 Sold Out! , GUESS Women's Calene2 Over The Knee Boot, Black, 8 Medium USBlack 2.5" Block Heel Faux Leather Buckles Sexy Ankle Boot Size 8.5Parisian Platinum Natural Leather Calf Heel Boots Sz 9.5 StellaDark Brown Round Toe Comfortable Winter Sexy Mid-Calf Boots Size 8 , $289 STEVEN BY STEVE MADDEN BLACK Metallic DISTRESSED LEATHER TALL RIDING BOOTS , Seven Dials Oriole Women Shoes Cold Weather Booties Gray Sz 5.5 New Freeship , SoftWalk Women's Urban Ankle Bootie, Black, 5 M US , Womens Black Stars 5" High Wedge 1.5" Platform Sexy Ankle Boots Size 8.5
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 MUK LUKS boots WOMENS 9 BROWN FAUX Snake Skin ANKLE SWEATER KNIT CUFF new , Steve Madden Ryperr Black Knee High Boots Women's US 6.5 M (I,1)Miss Sixty Antique White Leather Cowboy Boots Knit Top Size 37 US Italy , Women's SKECHERS Black Faux Fur Lined Pull On Mid Calf Slouch Boots Size 7Rebel by ZIGI Nanon Ankle Boots 455, Black, 5 US , Danette by Madison (SHOEDAZZLE) Red faux patent, glossy knee high boots, SZ 7.5 , Fashion Women Winter Warm Thicken Snow Boots Square Heels Ankle Boot Suede Shoes , Jessica Simpson Womens Deonne Brown Booties Shoes 12 Medium (B,M) BHFO 2227 , Black/Brown/Fuchsia/Blue 6" High Heel 2" Platform Ankle Boots Open Toe Size 7.5Rockport Adalia Distressed Leather Ankle Booties, Women's Size 10M, Wine , Cute Boots by Cliffs•Size Womens 6.5•NEW!!Free People Black Suede Zip High Heel Ankle Boots Booties Womens Size 38 EURHarley Davidson Women's Red Leather Studded Harness High Heel Boots Sz 6Star Boots Rainbow stitching gorgeous western handmade boots Mexico womens 6 , Vince Camuto Wexle Women's Black Leather Moto Boots- Size 11 W/41 , Jimmy Choo Brown Leather Pointy Toe Ankle Booties Boots Shoes Size 39Tundra Christy Boots - Women's Size 6, BlackSarah Pinkman New York Shoes 923540 Grey 6Pikolinos Black Women's Flats Leather Shoes with Beads New Size 35 Made in SpainFranco Sarto Womens sylvia Pointed Toe Ankle Strap Espadrille FlatsFrye 3471972-WHS Womens Carson Tip Ballet Flat- Choose SZ/Color.Pedro Garcia Size 36 Yoshi Brown Suede Loafer Sz 36 Us 6 Retail $410.00 , Aravon Kitt Asym Slip-on Women's Dress Shoe - All Colors - All SizesCHIC! BALLY (Paris) Black Calf Loafers w/Brown Woven Leather Tops & Bands 9.5BSTUBBS & WOOTTON Slippers WOOL INDIAN BLANKET - Sz 7.5 Made in SPAINBueno Karalee Leather Espadrilles - BlackASICS Women's Gel-Rocket 8 Volleyball Shoe - Choose SZ/Color , STEVEN by Steve Madden Women's Hilda Fashion Sneaker Black 7.5 Runs Small , Women's Pertini Shoes 854897 Silver 37 Flats , Punk Womens Stilettos High Heels Shoes Zip Bootie Pointed Toe Shiny Ankle Boots
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Womens Snow Boot Quilted Tall Winter Snow 27800 Waterproof Boot Warm Snow Rain Boot 9 Beige f2169e4 Boots
Powered by VIP.