The Buzz
All markets and investing news all the time

Guess Women's localjoes-27781 Horizan Boot Boot (5.5, Horizan Natural) 480ce9a

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
Heel Height: Low (3/4 in. to 1 1/2 in.)
Material: Synthetic Brand: Guess
US Shoe Size (Women's): 5.5 Style: Snow, Winter
Color: Beige Width: Medium (B, M)
UPC: 884427871784

Guess Women's localjoes-27781 Horizan Boot Boot (5.5, Horizan Natural) 480ce9a -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Guess Women's localjoes-27781 Horizan Boot Boot (5.5, Horizan Natural) 480ce9a
Guess Women's localjoes-27781 Horizan Boot Boot (5.5, Horizan Natural) 480ce9a -

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%.

Guess Women's localjoes-27781 Horizan Boot Boot (5.5, Horizan Natural) 480ce9a

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Guess Women's localjoes-27781 Horizan Boot Boot (5.5, Horizan Natural) 480ce9a -
About This Author
Guess Women's localjoes-27781 Horizan Boot Boot (5.5, Horizan Natural) 480ce9a -
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
Aerosoles Women's Starring Role BootWine Fabric8 M US , DREAM PAIRS Women's Terran Camel Mid Calf Built-in Wallet Pocket Combat Boots... , Reneeze AH65 Women's Cut-Out Buckle Casual Ankle Booties HeelsJAMBU JSport by Jambu Windham Womens Boots - Pick SZ/Color. , New ZEBRA Women"s Fashion Ankle Boots LEATHER Tan Waterproof Size 7 USA/38 EURORF ROOM OF FASHION Snow Boots Black PU Size 7 , Womens CROFT & BARROW Wide Calf Tall Riding Boot Knee High BROWN 8.5 Wide Width , Rocket Dog LANCESS Womens Lance Simone Shepherd Fabric Motorcycle Boot 7VANELi Jairo Calfhair Cuff Suede Bootie Black Boot 12 N Narrow NIB , Ollio Women's Shoe Faux Suede Back Zip up Stacked High Heel Ankle Boots SSB05... , NEW $80/ 6.5 /8.5/ 9/ 9.5/ 10 OLSENBOYE FAUX SUEDE BEIGE/BLACK ANKLE HEEL BOOTS! , Corkys New Women's Sunshine Rain Boots Black / Gold 9 M , TOETOS Women's Donna Black Knee High Winter Riding Boots Size 9.5 M US , Tundra Women's Frieda-W Black 8 B US , BEARPAW Women's Claire Chukka Boot Denim 8 M US , NIB $80.00 Olsenboye 10 Suede Slouchy Black Ankle Heel Boots Booties New W BoxEnly Snow Boots Lightweight Water-Resistant, Slip-On Navy BL Women Size9W/7.5MLifeStride Women's X-Must Wc Riding Boot Cognac 7.5 M US , Nine West Womens Marcia Suede Knee-High Boot- Pick SZ/Color.escarpins bottines haut talon femme noir 99680- p 38 , Very Volatile Womens Montez Western Boot- Pick SZ/Color. , crocs Womens Rain Floe Boot- Pick SZ/Color. , Steve Madden Womens Edit Bootie Casual 7 US- Pick SZ/Color. , Jambu Womens Spirit Vegan Ankle Bootie- Pick SZ/Color.Ellie Shoes Women's 300 Super Boot, Red/Gold, 10 M US , crocs Womens Rain Floe Tall Boot- Pick SZ/Color.Women's Winter Rain Snow Boots Size 9 M Knee Premium Synthetic Leather Boots , 2018 New Black Zapatos de Mujer Sneakers Ladies Pink Shoes Design Women's Shoes , Womens $90 J LO JENNIFER LOPEZ Studded Dress Heel Ankle Boots Booties BLACK 10
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 Women’s Denim Boot Rouge Limelight Frayed Thigh Hi - Size 10 - New , GEOX WOMEN'S BLACK ANKLE BOOTS SHOES HIGH HEEL LEATHER SIZE US 7.5 , new ladies Black Flat Round Toe Slouch Knee Sexy Boots 10 , Nautica Finsburt Knee High Rain Boots 686, Black, 9 US / 40 EUStella Monelle Vera Gomma Brown Side Zip Leather Riding Boots Italy 38 / 7.5Aerosoles Double Trouble 2 Suede Ankle Boots, Women's Size 6 M, TanMarc Fisher Tan Suede Peep Toe Boots with Zipper details Size 7.5W , PANHANDLE SLIM Handcrafted Burgundy Leather Tall Cowboy Boots Womens Size 6 BAquatalia Womens Booties Pumps Size 8 Dark Gray Almond Toe Zip Up StuddedWomens fashion ankle boots leather fur top side zipper pointy block heels shoesSantana Canada Boots size 8 Womens 38 Black Zip Leather Austin Lined Insulated , Ziginy Brown Leather Mid Calf Fashion Boots Size 10 Style PatriotPajar Canada Black Leather Ankle Boots w/ Shearling Lining, Heritage Collection , NWT Women's Apt. 9 High Heel Ankle Boots Choose Size RedBoots High Heels Crystal Ankle Women Shoes booties ladiesA35 Biliee Riding Boots 316, Cognac, 7 USURBAN RESEARCH DOORS Shoes 291739 Brown 36 , Antelope Woman's Red Leather Mary Jane Sandals 8974 Size 38 EU NEW!EUC Tory Burch Reva Women's US 7.5M Red Leather Ballet Flats Shoes A6 , MINT Women's TORY BURCH EDDIE US 7M Brown Leather Ballet Flats A6 $220Bernie Mev Women's Victoria Fabric Casual (39 B(M) EU, Bronze) , Yosi Samra Women's Samantha Ballet Flat Black 9 B(M) US , FRYE 76537 Womens Terri Penny Loafer, Black, 8 M US , VALAS Los Angeles| Gray Leather Flats size 8 , Salvatore Ferragamo 7 Beige Suede Leather Bow Flats Shoes NIB 1242-12-51018Vionic Brisk Pace Mary Jane Gray 8.5MBrand New J. CREW Size 8 KERRINGTON METALLIC BALLET FLATS in METALLIC BRONZE , Women's NEW CHIARA FERRAGNI WOMENS MULES FlatsFrye Tan Brown Pull On Western Cowboy Boots Size 6 B Distressed Quality , Reebok Womens Zigpulse Track Shoe- Pick SZ/Color.
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Guess Women's localjoes-27781 Horizan Boot Boot (5.5, Horizan Natural) 480ce9a Boots
Powered by VIP.