The Buzz
All markets and investing news all the time

NIB Womens Sperry Saltwater Acadia Duck Acadia Sperry Boots Black STS99834 Boots Size 9.5 728cbc2




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
Brand: Sperry Top-Sider
Width: Medium (B, M) Style: ankle boots
Material: Rubber US Shoe Size (Women's): 9.5
Color: Black UPC: Does not apply

NIB Womens Sperry Saltwater Acadia Duck Acadia Sperry Boots Black STS99834 Boots Size 9.5 728cbc2 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
NIB Womens Sperry Saltwater Acadia Duck Acadia Sperry Boots Black STS99834 Boots Size 9.5 728cbc2
NIB Womens Sperry Saltwater Acadia Duck Acadia Sperry Boots Black STS99834 Boots Size 9.5 728cbc2 - 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%.

NIB Womens Sperry Saltwater Acadia Duck Acadia Sperry Boots Black STS99834 Boots Size 9.5 728cbc2

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
NIB Womens Sperry Saltwater Acadia Duck Acadia Sperry Boots Black STS99834 Boots Size 9.5 728cbc2 - hollisbaker.com
About This Author
NIB Womens Sperry Saltwater Acadia Duck Acadia Sperry Boots Black STS99834 Boots Size 9.5 728cbc2 - 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
 
Women's Tory Burch Minnie Travel Black Ballet Flats Size 5.5SPERRY TOP SIDER WOMENS ANGELFISH OAT SIZE 8.5DANSKO WOMENS CLOGS WORK WONDERS CORAL WHITE LEATHER SIZEVINCE CAMUTO WOMEN'S LILLIANA 2 LOAFERS, DAZZLE BLUE , COBRA SOCIETY Sage Calf Hair & Leather Najet Loafers Shoes 5 6 7 8 11 12 , Dr.Martens Womens 1461 3 Eyelet Antique Temperley Leather Shoes , $495 Ralph Lauren Purple Label Black Rianne Kidsuede Leather Flat Flats Shoes , DANSKO Women's Shandi Cranberry Snake Clog 39 EU / 8.5-9 US NWOB , Arcopedico Vitoria Black/Red Leather Flats Mary Jane, Size (US 8 to 8.5)Gabor Arya 62 694 47 Black Womens Suede Casual Slip on Pumps ShoesVtg TREDAIR England Lady White Black CAT Leather MARY JANE Kitten Buckle Shoes 7 , NEW Earth Anise Womens 7M Loafer Shoes Brown Leather Soft Step Comfort Flats , SPERRY TOP SIDER WOMENS ANGELFISH METALLIC LINEN SIZE 8 , Women's Clarks Artisan Comfy Janey Mae Oxford Shoe Dark Grey Suede 26111425 , LADIES SHOES/FOOTWEAR -Steplite sandal Pinto white , CAMPER leather wom Right Nina Mokassin, shoes, ankle boots Dark Gray , Mocassins TOD’S Cuir Verni Noir 37 , Tod's Beige Leather Low Heel Loafer Flats SZ 38.5 , Donald Pliner Suede Floral Embellishment Flats HIRO Loafer Ballet Shoe 9.5NIB vince nina burgundy flat size 7.5 , Gentle Souls Womens shoes size 6 , Women's Shoes FRYE 'Carson' Ballet Flats Beige Nubuck Leather Size 11 Mexico , NEW Earth Anise Womens 7M Loafer Shoes Black Leather Soft Step Comfort Flats , NEW Earth Anise Womens 9.5M Loafer Shoes Brown Leather Soft Step Comfort Flats , SPERRY TOP SIDER WOMENS KOIFISH BRETON STRIPE NAVY WHITE SIZE 7.5SPERRY TOP SIDER WOMENS KOIFISH CHEETAH LINEN SIZE 9 , SPERRY WOMENS OASIS LOFT LINEN OAT SIZE 7WDM0001 Twisted X Women's Driving Moc - Brown NEWGianvito Rossi Womens Ballet Flats Size 36.5 6.5 Brown Suede Pointed Toe Bow
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 Verona Women’s casual dress FAshion Tan boots size 37-7 , Delicious boots women size 6 camel pig suedeALDO Gray Suede Side Zip Block Heeled Over The Knee Boots Women's Size 8Lauren Conrad Black Knee High Zip Up Boots Size 6.5 With Buckle , Steven Maddam women's short ankle boots in sz 5.5MWomen's Mid Calf Boots High Stilettos Heels Buckle Strap Pull On Casuals Shoes , Frye Harness Brown 77300 Distressed Leather Sz 6 M Calf Biker Moto Boots WomensNicole Size 7.5 Black Genuine Leather Thigh High Platform Boots HeelsBlack Round Toe Comfortable Winter Mid-Calf Boot Fur On Top/Inside Size 8 , Women's boots high heel elasticated velvet velor black knee winter , BOTTES BUFFALO TYPE SANTIAGS MARRON T 40 TBE A ACH IMM FP RED MOND RELAY !Jessica Simpson Caysy Back Strapped Ankle Boots 161, Slater Taupe, 10 US / 40 EUEastland Womens Annette Loafer- Pick SZ/Color. , STUART WEITZMAN womans authentic croc loafer with tassel flat shoe size 5M W/box , COLE HAAN NIKE AIR LEATHER FLATS US 7.5 HOT UNIQUE MUST HAVETory Burch leather Flats Shoes US10 NewKenneth Cole REACTION Women's Flick-Er Moccasin - Choose SZ/ColorKAANAS Women's Santa Fe Fashion Skate Shoe Slip-on Casual Sneaker, Nude, 11 , Black Women Shinning Patent Leather Back Leather Front Pearls Creepers ShoesJosef Seibel Women's Caspian Fashion Sneaker - Choose SZ/ColorVionic Women's Honor Virgina Loafer Light Blue 8 M USTory Burch Max Embroidered Espadrille Slide Mules Women sz 10 Ivory FloralNew! Womens Skechers Flex Appeal ADAPTABLE Navy/Green/Pink SZ 9.5 12055 H50 , Womens Fly London Yone Peep Toe Suede Holiday Shoes Summer Wedge Heels US 5-11 , MOTHER OF PEARL FLORAL PRINT WOMENS CASUAL SLIP ON SNEAKERS SIZE 8 , VANS Women Checkerboard Slip On Yellow Ochre VN0A38F7QCP US W 5.5-9.5 Sneakers , ASICS Womens Gel-Kinsei6 HotPink/White/FlashYellow Running Shoes Size 5.5 , Puma Suede Eletal - Grey - WomensWomen's Zara Leather Flats 39 Flats , Dansko Sapphire Brown Leather Wedge Floral Sandals Womens Shoes Sz US 7.5 Eur 38
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
NIB Womens Sperry Saltwater Acadia Duck Acadia Sperry Boots Black STS99834 Boots Size 9.5 728cbc2 Flats
474486
3823965
5745700
11908502
14071161
15273344
15814257
15940197
18551064
Powered by WordPress.com VIP.