The Buzz
All markets and investing news all the time

MATERIA PRIMA BY GOFFREDO FANTINI Leather 5sfg-13944 Boots PRIMA & Knitted Boots Size 38 63dd859




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
Sole: Leather & rubber
Shoe Size: UK 5 Brand: OFFREDO FANTINI
Heel Height: Low Heel (0.5-1.5 in.) Style: Ankle Boots
Main Colour: Brown Lining: Leather & textile
Upper Material: Leather & textile Details: Strap with buckle decoration
Exact Heel Height: 3 cm / 1 1/4" Fastening: Pull On
Country/Region of Manufacture: Italy Heel Type: Block
UPC: 8000003427134 EAN: 8000003427134

MATERIA PRIMA BY GOFFREDO FANTINI Leather 5sfg-13944 Boots PRIMA & Knitted Boots Size 38 63dd859 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
MATERIA PRIMA BY GOFFREDO FANTINI Leather 5sfg-13944 Boots PRIMA & Knitted Boots Size 38 63dd859
MATERIA PRIMA BY GOFFREDO FANTINI Leather 5sfg-13944 Boots PRIMA & Knitted Boots Size 38 63dd859 - 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%.

MATERIA PRIMA BY GOFFREDO FANTINI Leather 5sfg-13944 Boots PRIMA & Knitted Boots Size 38 63dd859

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
MATERIA PRIMA BY GOFFREDO FANTINI Leather 5sfg-13944 Boots PRIMA & Knitted Boots Size 38 63dd859 - hollisbaker.com
About This Author
MATERIA PRIMA BY GOFFREDO FANTINI Leather 5sfg-13944 Boots PRIMA & Knitted Boots Size 38 63dd859 - 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
 
Kill La Kill Anime Japanese Boots Jakuzure Nonon Collection Cosplay Fashion Gift , NEW Dr Martens 1460 Page Navy Blue Canvas 8 eye Boots Womens size 5 US 3 UKMadden Girl Womens Combat Taupe Combat Boots Shoes 8 Medium (B,M) BHFO 8524 , Gold Nude White Mid-calf Boots Strappy Platform Pump Women's Stiletto Heels , Circus by Sam Edelman Peyton black boots size 7.5 new in boxSANUK SOULSHINE TAN SUEDE MOCCASIN WOMENS ANKLE BOOTS SIZE US 10 , $200 Steve Madden Womens Pampered Heeled Slouch Boot Shoes, Black, US 6JUSTIN BOOTS Women’s 8.5B Black Rhinestone Black Embroidered faux furVince Camuto Women's Elvin Platform Booties Size 11 Black Leather Retail $129 , Women's Shoes Genuine Leather Flat Heel Zip Hollow Out Ankle Boots US Size b322Ecco black leather boots with studs (women's size 37) , White Mountain Pinnacle Black Slouchy Buckle Tall Boots 10 SALEDan Post Black Cowboy Cowgirl Boots Women's 5.5 M USAPalladium Boots Women Black Size 5.5 36 Leather Wool Lining White$129 J. Renee Women's Cally Bootie, 6.5M , New Women Casual High Heels Stilettos Denim Buckle Knee High Boots Shoes Fashion , New Women Faux suede Zip Over The Knee Boots Block Heels Winter Shoes Plus , Lucky Brand Joelle Black Leather Western Booties Women's Size 6M , ELIZABETH & JAMES SHANE DK BROWN SUEDE LEATHER ANKLE BOOT BOOTIES SZ 9M , Isaac Mizrahi Leather Ankle Boots Side Buckle Strap Caramel 8.5M NEW A270860Franco Sarto Women's Size 6 M Brown Faux Crocodile Knee High Tall Stretch BootsHarley Davidson Black Leather Womens Motorcycle Boots size 8.5m✿ LUICHINY Point Tea Vintage-Gray Premium Leather Zip Boots 6 M GREAT! L@@K!34Barbara Bucci Womens Boots Size 38 8 Brown Suede Round Toe Zip UpNew Women Mesh Pointy Toe Perspex Block Heel Ankle Boot -18040 By Wild Diva LineWomen's Earth Shoe Kristen Size 7 M Brown Suede Waterproof Hiking Ankle BootsWhite Mountain DRUMMER Suede Ankle Boots Studded Buckles Size 8M NIBARIZONA JEAN CO. CALEB WOMEN'S BLACK RIDING BOOTS SIZES 5 & 7 NEW!Sydney Brown Platform Booties Size 7. Vegan
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 Soda Women's Zachi Faux Leather Buckle Knee High Riding Boots , Gianni Bini Size 8 Black Shiny Patent Leather Equestrian Style Boots , Miss A Women's Moxby 1 Olive/Black Boot 10M , OSX Black Hook and Loop Wetsuit Aqua Surf Boots - Kids to Adults 11NEW LADIES WOMENS ANKLE WINTER BOOTS FASHION EVERYDAY STYLE SHOES 3 4 5 6 7 8 , Mina Fashion Leather ette White Sole round toe over knee sneaker Boots , LL Bean Maine Hunting Shoe Woman's 7M Brown Duck Boots Waterproof Vintage USA , Boutique 9 Shoe Size 8.5 M Black Suede Leather High Ankle Fashion Women's Boot , Attention Womens Black Size 7 M Tabloid Triple Buckle Full Zip Riding BootWILD DIVA Loren Mermaid Green Blue Sequin Stretch Stiletto Ankle Boots BootiesNew Coming Women's Boots Banana Pattern with Shark Teeth Martin Boots For Women , RIVIERAS MONTANTE VINYL CHAUSSURES EN VINYL UNISEXE POINTURE FR38 BORDEAUX , Keen Galena Nubuck Leather Boots Cascade Brown sz 5 newRag & Bone Archer Smoke Suede Oxfords 41 US 11 $325 , Marc By Marc Jacobs Helena Black Womens Shoes Size 7 M Flats MSRP $375 , JCrew $148 Two-Tone Pointed-Toe Loafers Sz 8 Black H5521Taryn Rose Faye Rose Gold Metallic Leather Loafer Slide Comfort Shoe 7.5 NewFreebird By Steven Womens FB-Enya Slip On Flat Shoes , Dansko Deni Taupe Suede Platform Clogs Size 37 *NEWSam Edelman Women's Rich Gold Metallic Leather Noah Flats 6550 Sz 9 MNaturalizer Women's Gisella Loafer Flat, Red, Size 6.5LKNW Womens White TOD'S Patent Leather Buckle Loafers 8 ITALY , Sensational! BALLY (Paris) Black Alligator Patent Leather Loafers 7CSKECHERS Women's Brown Leather Mary Jane Sneakers Size 7.5 , Tempur-Pedic TP6051-420: Women's Raelynn Light BlueMen Low Top Casual Canvas Shoes Sneakers Breathable Rubber Flats Running ShoesDr Marten Addy Black Noir Smooth Leather Penny Loafer Women's / US Size 8 , Skechers Reggae Fest Epic Adventure Walking Shoe SIZE 7.5 GRAY ORANGE , Dr Scholl's "Fabulous" Black & White Slip-On Walking Shoes Womens NIB Sz 10M , Nike Women Air Max 98 SZ 7.5 Running Shoe Blue Sail Radient Emerald AH6799-106 ,
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
MATERIA PRIMA BY GOFFREDO FANTINI Leather 5sfg-13944 Boots PRIMA & Knitted Boots Size 38 63dd859 Boots
1119544
1877537
2220940
3046743
3948224
7027516
9383864
11026482
12675824
Powered by WordPress.com VIP.