The Buzz
All markets and investing news all the time

Sbicca Women's Capitol Ankle Bootie, Ankle Black, 8 27792 B 8 US 7573d4d

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
Brand: Sbicca
Color: Black Style: Shoes
Model: CAPITOL US Shoe Size (Women's): 8 M US
UPC: Does not apply EAN: 0630162700113

Sbicca Women's Capitol Ankle Bootie, Ankle Black, 8 27792 B 8 US 7573d4d -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Sbicca Women's Capitol Ankle Bootie, Ankle Black, 8 27792 B 8 US 7573d4d
Sbicca Women's Capitol Ankle Bootie, Ankle Black, 8 27792 B 8 US 7573d4d -

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%.

Sbicca Women's Capitol Ankle Bootie, Ankle Black, 8 27792 B 8 US 7573d4d

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Sbicca Women's Capitol Ankle Bootie, Ankle Black, 8 27792 B 8 US 7573d4d -
About This Author
Sbicca Women's Capitol Ankle Bootie, Ankle Black, 8 27792 B 8 US 7573d4d -
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
GUESS Women's Calene2 Over The Knee Boot, Black, 8.5 Medium US , Blowfish Women's Kinder Boot Taupe Saddle Rock PU 8.5 M US , SIMLOVEYO Female autumn Winter Thigh High Boots High Heels Women Over The Knee , J. Adams Sammi Ankle Bootie - Cut Out Buckle Low Stacked Wood Heel Western BootDolcis Emma Womens Black Medium Block Heel Over The Knee High Suedette Boots NewPropet Women's Dayna Ankle Bootie, Black, 11 W US , Naughty Monkey Womens Shasta Peak Ankle Bootie- Pick SZ/Color.Bottes Cuissardes Sexy jean et Zip Mode Fashion Haut Talon P34 - 41 NEUVES! , Fiel Women's Stanton Boot,Rust Suede,7 M US , Jack Rogers Chloe Classic Womens Rain Boot- Choose SZ/Color. , Jack Rogers Womens Deborah Ankle Boot- Pick SZ/Color. , 2 Lips Too Women's Too Kam Fashion Boot, White, 7.5 M US , Refresh Club-01 Women's Elastic Panel Slip On Chunky Heel Ankle BootiesBlack8.5WETKISS 2018 Big Size 32-48 Female Over the Knee Boots Slip on Women's Thigh , Roper Women's Barnyard Prints, Black, 5 M US , Aerosoles A2 Women's Honesty Ankle Boot, Black, 6 M USRieker M1397-90 Boots - Women's Metallic Performated Floral Ankle Pull Ons NewRefresh Women Wild-02 Western Style Cowboy BootsTan7Boots Bottine Sexy Zip Talon Aiguille 11Cm Cuir ou Daim 2 Couleurs du 35 au 40!MarBel Zipper Designer Western Pointed Toe Wooden Heel Cowboy Ankle Boot Moto...Jack Rogers Womens Maya Ankle Bootie- Pick SZ/Color. , Charles David Women's Precious Pump,Black,39 Medium EU (8.5,9,9.5 US) , Annie Shoes Women's Noreen Riding Boot, Black, 8.5 M US , A2 by Aerosoles Womens My Way Boot- Pick SZ/Color.Aerosoles A2 Women's Comparison Ankle Boot, Brown, 5.5 M US , ShoBeautiful Women's Thigh High Boots Stretchy Drawstring Over The Knee Chunk...Brinley Co Women's Whit Ankle Boot Grey 8 Regular USNew VADO Women"s LEATHER Flat Boots Narrow Gray Size 8,5 - 9 USA/40 EUROCrocs Crocband Jaunt Kid's Navy Waterproof Pull On Wellington Boots New ,
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 WORTHINGTON Size 8.5 Black Suede Leather Low-Heel Side-Zip High Calf Boots with , Franco Sarto Ilena Tan Suede Khaki Pull On Chukka Ankle Bootie Boots Bucks 8M , Size 10 - SAM EDELMAN Women's Gray Suede Block Heel Ankle BootsAsh Yahoo Bis Suede Sherling Wedge ankle Bootie Gray SZ 6.5 New!! , Mix No 6 Womens LANETTE Peep Toe Ankle Fashion Boots, Black, Size 10.0 e2bi , Vince Camuto Bashan Over-the-Knee Leather Boot BLACK SUEDE 7M ZipFRYE 77515 pull on ENGINEER motorcycle BOOTS size 8Wolverine Women's Kacey Composite Toe Cowboy Boots Size 7.5 , Ladies Adults Horse Riding FurLined Country Walking Tall Leather Boots NEWDEFECTWomen Block Heels Over Knee High Boots Embroidered Pointy Toe Zip Casual ShoesEnzo Angiolini Women's "Y-Aschley" Black Mesh Sheer Beaded Ankle Boots Sz 6.5M , Aerosoles Risky Pizness Pointed Toe Slouch Boots, Brown , Via Spiga Ottavia Ankle Boots 432, Antelope, 5 US / 35 EUSTUART WEITZMAN Black Fabric & Leather Seam Detail Snip Toe Ankle Boots 6.5MJEFFREY CAMPBELL, CLEOS WHITE LEATHER, MULES, POINTY TOE, SIZE 8.5M , Marc Joseph New York Wall Street Women's FLATS IvoryNEW NIB ATTILIO GIUSTI LEOMBRUNI AGL SHOES FLATS NAVY Blue SIZE 37 US 7 , Womens C Wonder Neon Pink Ballet Flats Size 8AUTH Salvatore Ferragamo Women Rufina Quilted Flat Shoes 5.5M , NEW $550.00 BALLY ITALY VERDE FLUO PATENT CALF LEATHER SIZE US 5.5 /WOMEN'S UNDER ARMOUR SPINE VICE ATHLETIC RUNNING SHOES 1238604-443 BLUE SIZE 8Reebok Womens - Black Running Shoes Size 10 (367814) , Tory Burch Women's Leather Brown Reva Flats Size 7 (sh10000LifeStride Women's Fabiana Ballet Flat, Black, 9.5 M USLifeStride Women's Heidi Fashion Sneaker - Choose SZ/Color , Arnaldo Toscani Shoes Women Ballet flats Pink 87501 BDT TRENDYKenzo Tiger Espadrilles - Red Patent Leather / Black - Size 40 / 10US (A12) , Skechers Women's Go Walk Joy 15602 Shoe - Choose SZ/ColorWomen's NEW DOCKSTEPS WOMENS LOAFER FlatsWomen's Bogs Rainboots Women Booties 7 Boots
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Sbicca Women's Capitol Ankle Bootie, Ankle Black, 8 27792 B 8 US 7573d4d Boots
Powered by VIP.